Each week Bath accountancy firm Pearson May and Bath Business News team up to bring the top national finance stories. Is it time to get a low-emission company car? Government grants and generous tax incentives for low-emissions vehicles. Find out more here Applications for ‘fifth-and-final’ SEISS grant open Self-employed taxpayers have until 30 September 2021 to submit their...
Despite the potentially high personal tax charge, many employees still enjoy and prefer the convenience of being offered the use of a company car by their employer and this can also be the case for owner-managed businesses where the directors choose to run their cars through their companies, writes Pearson May partner Matthew Rutter....
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring the top national finance stories. Treasury seeks feedback on business rates revaluations Changes ahead of a comprehensive report due in autumn. Find out more here Retirees set for bumper State pension rise Official forecasts for average wage growth look good for retirees. Click...
Bath accountancy firm Pearson May and Bath Business News team up with each week to bring you the top national finance stories. Where do we stand with the UK’s property taxes? More changes to the UK’s property taxes took effect this month. Find out more here Thousands of savers caught out by pension tax traps Breaches of two pension...
As we have mentioned in some of our previous articles, there was a change last year to the reporting and paying of Capital Gains Tax (CGT) in relation to disposals of UK residential property, writes Pearson May partner Jacqui Bowden. This change came into effect on April 6, 2020, and with the recent boom...
Bath accountancy firm Pearson May and Bath Business News team up with each week to bring you the top national finance stories. Sweeping EU VAT reforms to affect online retailers Three reforms to the EU’s VAT rules take effect from July 1 Does this affect you? Find out here Furlough scheme begins winding down as scheduled Chancellor Rishi Sunak...
Bath accountancy firm Pearson May and Bath Business News team up with each week to bring you the top national finance stories. R&D tax credits a ‘costly failure’ Research and development spending is lower than 20 years ago Click here for more details HMRC crackdown on gifting rules claws back £624m Families hit with big inheritance tax bills after...
Certain benefits and expenses provided to employees in the year to April 5, 2021, must be reported to HM Revenue & Customs (HMRC) by way of the P11D process by July 6, 2021, writes Pearson May partner Matthew Rutter. Where required, forms P11D ‘Expenses and Benefits’ have to be submitted to HMRC, together with...
Bath accountancy firm Pearson May and Bath Business News team up with each week to bring you the top national finance stories. HMRC seeks to remove VAT repayment supplement Tax body warns of potentially ‘devastating’ impact on VAT-registered businesses’ cashflow. Click here for more information Employers told to issue childcare voucher reminder HMRC also implies working parents might be...
Bath accountancy firm Pearson May and Bath Business News team up with each week to bring you the top national finance stories. Deadline approaches for SME Brexit support grant Lesser publicised grant for the UK’s smaller exporters. Read more here IFS reveals life-cycle patterns in pension saving Could future auto-enrolment increases kick in at key moments in...
