Furlough scheme starts to wind down
July 2021
The government's Coronavirus Job Retention Scheme (CJRS) begins winding down from 1 July. The latest data from the Institute for Fiscal Studies (IFS) shows that at the end of April…
Apprenticeship cash boost
July 2021
The government has confirmed that employers of all sizes in England can now apply for £3,000 in extra funding to help them take on new apprentices. The boost to the…
Property tax changes
July 2021
From 1 July 2021 there are changes to the Stamp Duty Land Tax (SDLT) and Land Transaction Tax (LTT) bands for residential property. SDLT is payable by the purchaser in…
HMRC launches 13,000 investigations into COVID-19 support schemes
July 2021
HMRC has launched nearly 13,000 investigations into alleged abuse of the government's coronavirus (COVID-19) financial support schemes. A freedom of information request revealed that, up to the end of March…
Schemes create one stop shop for VAT on EU trade
July 2021
Three schemes were launched on 1 July to deal with VAT on business-to-consumer supplies of goods and services to EU customers. They are known as the 'Union', 'non-Union' and 'import'…
Over 280,000 families now using Tax-Free Childcare
July 2021
More than 282,000 working families used a Tax-Free Childcare (TFC) account during March 2021, according to figures from HMRC. HMRC stated that it is the highest recorded number of families…
440,000 tax credit claimants still to renew their claims
July 2021
HMRC is reminding tax credit claimants that they have until 31 July 2021 to renew their claims. According to HMRC, 440,000 claimants have yet to renew their claims. More than…
800,000 claim tax relief for working from home
July 2021
HMRC has confirmed that almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on household related costs. The saving is worth up…
Fifth SEISS grant will be open to claims from late July
June 2021
HMRC has confirmed that the fifth Self-employment Income Support Scheme (SEISS) grant covering the period May 2021 to September 2021 will open to claims from late July. To be eligible…
HMRC's VAT Deferral New Payment Scheme to close this month
June 2021
Businesses that deferred VAT payments last year have less than a month left to join online and pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has…
NIC reliefs set for Freeports
June 2021
Freeport operators will be able to take advantage of a zero rate of secondary national insurance contributions (NICs) for employees, the government has announced. The National Insurance Contributions Bill 2021,…
Government confirms start date for Plastic Packaging Tax
June 2021
The UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022. The PPT will be charged at a rate of £200 per…
Effectiveness of OTS set to be reviewed by Treasury
June 2021
The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the independent body responsible for helping to make the UK tax system simpler and…
Trade credit insurance scheme to close
June 2021
The temporary Trade Credit Reinsurance (TCR) scheme that helped struggling supply chain firms secure insurance protection during the pandemic will close at the end of June, it has been confirmed.…
Advisory fuel rates for company cars
June 2021
New company car advisory fuel rates have been published and took effect from 1 June 2021. The guidance states: 'You can use the previous rates for up to one month…
Forms P11D - reporting employee benefits
June 2021
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2021, are due for submission to HMRC by…