Amazon is without a doubt the largest e-commerce service there is. When you consider the fact that it seems to stock most products you could ever imagine at the most reasonable prices and unparalleled customer support, and delivery speeds, this fact is unsurprising. It certainly revolutionised how people shop. Not only that, but it has …
In the tax year just gone, electric company cars counted as tax-free benefits. Meaning, if you were given an electric car for work, you would not be taxed on its value. This policy is changing for 2021/22, read on to learn how and why. How Taxable benefits on company cars are calculated, based on an …
If you are in the building and construction industry, you may have heard about the VAT reverse charge legislation being implemented from March 1st, 2021, since October 2019. This charge has been brought in as an anti-fraud measure to mitigate the corporate crime of companies receiving VAT from their customers, and never paying it to …
In the coronavirus pandemic, it is easy to imagine why the situation for holidays has become muddied. Furlough, working from home and shielding have all changed the way in which we all view the work we have to do. All workers, whether they are on a full-time, part-time or zero-hours contract are entitled to 5.6 …
The saying goes, “The only two certainties in life are death and taxes,” and it is certainly true that tax is prevalent in pretty much every part of your life involving formalised commerce. Avoiding paying taxes is a crime, and you can find yourself in terrible trouble if you get caught doing so. However, aside …
Tax Return Deadline The deadline for online tax returns in the United Kingdom, for the tax year starting the 6th of April 2019 and ending the 5th of April 2020, is the 31st of January 2021, at midnight. If you fail to submit your tax return, then you may be liable to pay pricey penalty …
Missed The Tax Return Deadline? Here’s What You Can Do Read More »
The new year is bringing in some exciting potential changes to business rates. Our government is conducting a review of the entire business rate system, with results likely to be announced in Spring 2021. This is occurring due to the widely held opinion that the current system is in need of updating since it is …
New year, new you. We’ve all gotten through a tough year and are entering one which may only get tougher. However, this is the best time to reflect and put into practise everything we have learned. The way in which business is conducted may be changed forever, and it is true that certain things will …
We are now firmly out of the Christmas and New Year period, which means we are now firmly into 2021. 2020 has been, popularly, named “the worst year ever”, “the crisis year” and other such sensational names. All over the world, people have been expressing their relief that it’s over. A year is just a …
You may think that at the end of a long hard year, like 2020, your staff and customers deserve an extra bonus or gift so you can show your gratitude. Gifts for your customers do fall into the category of entertainment, an expense which is not usually tax-deductible. However, there are some exceptions to this …
