HMRC has recently updated their Enterprise Investment Scheme (EIS) guidance and Seed EIS rules. The outcomes is that investors will potentially be able to take advantage of a number of generous tax breaks. This is fantastic news for companies who are looking to... read more
HMRC has updated their guidance which sets out the procedure for reporting and repaying overclaimed Self-Employed Income Support Scheme (SEISS) Grants. The Revenue is also reminding sole traders and partners who have received these grants, that there are potential... read more
Businesses are being advised to prepare their payroll for National Insurance changes which are coming into effect from next month. From 6 July 2022, some National Insurance Contribution (NICs) thresholds will increase. The primary threshold for 6 July 2022 to 5 April... read more
The Recovery Loan Scheme was introduced by the UK government following the disruption that COVID-19 brought to businesses up and down the country. As all COVID restrictions have been lifted for a few months now, The Recovery Loan Scheme will be coming to an end on 30... read more
Making Tax Digital (MTD) became mandatory for all VAT registered businesses in the UK on 1 April 2022. The government has introduced the scheme in a bid to help taxpayers submit their tax returns correctly, reduce common mistakes and save time. Evidence shows that... read more
Chancellor Rishi Sunak reduced VAT rates to 12.5% during the pandemic to help struggling businesses in the hospitality sector. While many were hoping that this would be extended to give organisations time to get back on their feet, the Chancellor has confirmed that... read more
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