Budget 2021 – Super Deduction

Budget 2021 – Super Deduction

Introduction: Rishi Sunak has announced a “super-deduction” for investment in new plant, machinery and equipment (PME). Essentially, this is an enhanced form of capital allowances. For expenditure incurred from 1 April 2021 until the end of March 2023, companies can...
HMRC announce changes to the penalties for late submissions

HMRC announce changes to the penalties for late submissions

Introduction: The government are reforming sanctions for late submission and late payment. The changes will initially apply to VAT and Income Tax Self-Assessment (ITSA). The late submission penalties will apply to those who fail to meet their obligations to provide...
The Kickstart Scheme UK – All That You Need To Know

The Kickstart Scheme UK – All That You Need To Know

What is the kickstart scheme and how does it work? The Kickstart Scheme provides funding to create new job placements for 16 to 24 year olds who are on Universal Credit and at risk of long term unemployment. Employers of all sizes (including start-ups) are able to...
UK government has made changes to the plug-in vehicle grant scheme

UK government has made changes to the plug-in vehicle grant scheme

As public awareness of the damages caused by motor vehicle pollution increases, a growing number of the population are looking to switch to electric, or hybrid, vehicles. Even for those who are not particularly environmentally conscious, switching to an electric...
£20 million Brexit support for small and medium sized businesses

£20 million Brexit support for small and medium sized businesses

The UK officially leaving the EU has resulted in a number of new customs and tax rule changes when trading with the EU. As such, from 15 March 2021, smaller businesses are able to apply for grants of up to £2,000 to help them with the adaption process. This comes as...