Xero ready for the new VAT rates

Xero ready for the new VAT rates

Last week the chancellor announced a temporary cut in the VAT rate for certain supplies in the hospitality and tourism sector with the standard 20% rate is being reduced to 5% from 15 July 2020 until 12 January 2021. We’re pleased to say that Xero’s got...
How your Covid-19 claims could affect your R&D tax credits

How your Covid-19 claims could affect your R&D tax credits

We are expecting HMRC to challenge future claims for Research and Development tax credits on the basis of claims made under the various Covid-19 support schemes. This is because subsidies and grants will affect eligibility for R&D tax credit claims. RDP has...
Capital Gains Tax: Reporting and payment periods shortened

Capital Gains Tax: Reporting and payment periods shortened

Important changes to the deadlines for filing and paying CGT on the disposal of UK property Few property transactions are proceeding at the moment but anyone selling UK residential property needs to be aware that CGT due should now be reported and paid within 30 days...
Extension to Self Employment Income Support Scheme (SEISS)

Extension to Self Employment Income Support Scheme (SEISS)

Rishi Sunak has announced that the Self-Employment Income Support Scheme will be extended, with those eligible able to claim a second and final grant capped at £6,570 Those eligible under the Self-Employment Income Support Scheme (SEISS), which has so far seen 2.3...