HMRC resumes investigations after COVID-19

HMRC resumes investigations after COVID-19

What to expect from tax probes in 2020/21. After temporarily pausing tax investigations as COVID-19 business support measures rolled out earlier this year, HMRC has restarted probes into businesses and individuals’ tax affairs. The Revenue has also started to direct...
Capital goods scheme for VAT

Capital goods scheme for VAT

How it works and interacts with capital allowances. The VAT capital goods scheme affects input VAT recovery relating to high-value capital assets. Input VAT is a tax incurred on most purchases made by VAT-registered firms, and they can usually reclaim it from HMRC in...
Inheritance tax planning in 2020/21

Inheritance tax planning in 2020/21

What to consider during the COVID-19 lockdown. Coronavirus has many people reflecting on their own mortality. So if you have more time on your hands during the lockdown, planning your estate may be a wise way to spend it. Benjamin Franklin observed there are only two...
Coronavirus support for businesses

Coronavirus support for businesses

Options to limit the financial damage of Coronavirus It’s hard to believe that Rishi Sunak has only been the Chancellor since Valentine’s Day, given what he’s had to deal within a matter of weeks since. On the back of delivering a Spring Budget, Sunak has revealed an...
HMRC’s approach to taxing cryptocurrencies

HMRC’s approach to taxing cryptocurrencies

HMRC updates tax guidance for Cryptocurrencies. Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness, and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream. In late...
Claiming 14 Day SSP back from HMRC

Claiming 14 Day SSP back from HMRC

Changes to SSP during the Coronavirus Crisis When will you pay 14 day SSP? For anyone self-isolating but working – no change in how they are treated  from a payroill perspective.  They are working as usual – just from home. For anyone self-isolating but...

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