News and Updates

 

Latest on Government’s COVID-19 Emergency Funding

As the fallout from the Coronavirus pandemic continues, many businesses say they are teetering on the brink as revenues plunge following stay at home advice. Thankfully, emergency funding of £330 billion will be put aside from the Government’s financial support...

read more

COVID-19 update

We want to reassure our clients that we are fully committed to the safety and health of our employees and our clients whilst continuing to provide a professional and reliable service. We are reviewing the government advice daily and will act accordingly. We are...

read more

April 2020 changes to private residence relief

In July 2019 it was confirmed the government's plans to: reduce the final period exemption from 18 months to 9 months (unless special circumstances where 36 months); and restrict the letting relief to cases where the owner is in shared occupancy. Both of these changes...

read more

HMRC BREXIT HELPLINES

Whilst we are all unsure how Brexit will play out, it is important to remember that it could happen as soon as 31 January 2020. If you deal with the EU either as a supplier or customer, fundamental changes to VAT will come into play on 11pm of Brexit day. These could...

read more

New Rules for Employment Allowance

The Government has published draft legislation for the new restrictions which will apply to the NI employment allowance (EA) from April 2020. Will your business be affected, and if so, how? Employment Allowance (EA). Since April 2014, most employers have been entitled...

read more

VAT Reverse Charge

The intention to introduce a domestic reverse charge for construction services was announced in 2017. The change will shift the responsibility for accounting for the VAT on ‘specified services’ from the supplier on to the recipient of the supply. The change will be...

read more