Recovery Loan Scheme Extended for a Further Two Years

Recovery Loan Scheme Extended for a Further Two Years

Help is at hand for small and medium-sized business feeling the squeeze as the Government has extended the Recovery Loan Scheme (RLS) for a further two years. The scheme was launched in April 2021 to help businesses recover from the impact of the Covid-19 pandemic. To...
Self Assessment Tax – July Payment on Account

Self Assessment Tax – July Payment on Account

If you have completed a self-assessment tax return for 2020/2021 or 2021/2022 you may be due to make a payment on account by 31st July 2022. Not everyone is expected to make July payments on account, if you are unsure the following information may help you to...
Class 1A National Insurance for 2021-22

Class 1A National Insurance for 2021-22

If you are an employer and you provided your employees with taxable benefits and/or expenses in the 2021/22 tax year, you will need to pay your Class 1A National Insurance contributions by 22 July 2022 (19 July 2022 if you pay by cheque). In this short update we...
Making Tax Digital for Landlords

Making Tax Digital for Landlords

From April 2024, landlords with rental income in excess of £10,000 per annum will need to submit quarterly returns of income and outgoings to HMRC using their Making Tax Digital (MTD) links. This will not apply to property owners who run their property business using...
The Chancellor’s Spring Statement

The Chancellor’s Spring Statement

With inflation hitting a 30-year high of 6.2% in February, the Chancellor has been under pressure to deliver something resembling a mini-Budget in this years Spring Statement, which usually is only intended to be an economic update. Sunak’s responded to the cost...
Charitable Donations & Tax Planning

Charitable Donations & Tax Planning

The events in Eastern Europe in recent days have focused our attention on the plight of displaced persons in Ukraine and how we might donate to ease their suffering. This blog sets out the tax relief you can claim should you donate to charities helping Ukraine or...