Accounting Software: Which one should you use?

Accounting Software: Which one should you use?

Whether you are currently using digital accountancy software or still using more traditional methods (excel spreadsheets or manual records), the accountancy industry is undergoing a digital revolution. For those still using traditional methods, the government’s Making...
Plastic Packaging Tax to be introduced within the UK

Plastic Packaging Tax to be introduced within the UK

In aim to reduce plastic waste across the UK, the UK government have released the details of a new Plastic Packaging Tax which will take effect from 1 April 2022. This will encourage the use of recycled rather than new plastic within plastic packaging. This is...
Firms still owe HMRC billions after VAT holiday

Firms still owe HMRC billions after VAT holiday

More than one in four businesses that were allowed to defer tax payments during the spring lockdown last year still owe the Treasury billions. A total of 156,500 out of 590,000 businesses that took advantage of Rishi Sunak’s VAT deferral between March and June have...
House prices fall 0.5% in June, should we be concerned?

House prices fall 0.5% in June, should we be concerned?

As the stamp duty holiday is ending, it is interesting to look at the effects which this has had on house prices across the UK. The holiday was introduced on 8 July 2020 after concerns were raised regarding the property market after coming out of the pandemic. This...
VAT Deferral: New Payment Scheme

VAT Deferral: New Payment Scheme

VAT Deferral: New Payment Scheme How can I opt-in to the new payment scheme? How many instalments can I pay my deferred VAT in? I am having difficulty using the online service, what can I do? What if I am still not able to pay my deferred VAT? If you deferred VAT...
Capital Gains Tax: payment for property disposal

Capital Gains Tax: payment for property disposal

Capital Gains Tax (CGT) is a form of taxation which is put on the sale of a non-inventory asset. If you have sold or disposed of a UK residential property (including part interest in one) after April 2020, you may need to report this and pay Capital Gains Tax (CGT)...