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...
Spring Budget 2021 – Budget Brochure

Spring Budget 2021 – Budget Brochure

It’s hard to believe Rishi Sunak has only been in office for a little over a year given what the Chancellor has had on his plate over the last 12 months. At lunchtime on 3rd March 2021 he delivered his second budget announcement, the first following the Coronavirus...
Coronavirus (COVID-19) Business Interruption Loan Scheme Guidance

Coronavirus (COVID-19) Business Interruption Loan Scheme Guidance

Further to our Government Support guide the British Business Bank have now issued their guidance as to eligibility criteria for businesses wishing to access the Coronavirus Business Interruption Loan Scheme (CBILS) as follows: The British Business Bank qualifying...
‘Tis the season for trivial benefits

‘Tis the season for trivial benefits

With the season of goodwill upon us our tax team look at a little known and little utilised tax saving, known as trivial benefits. Trivial benefits is a mechanism whereby employees and/or directors can be given trivial benefits such as vouchers or maybe even office...
Improving efficiencies with a cloud based purchase order system

Improving efficiencies with a cloud based purchase order system

Segregation of duties is important for any business, but even more so as your company grows. The delegation of work allows everyone to be more efficient, meaning the right skill levels can undertake the appropriate tasks and the company to continue to grow. Approval...