Employment Allowance Changes come into effect from April

For more than half a decade the Employment Allowance (EA) has entitled employers to a maximum of £3,000 off their annual secondary Class 1 NIC bill. However, a new restriction on the EA will come into force from April, which means that employers will only be eligible for the EA if their total secondary Class 1 liability in the previous tax year was under £100,000. Read more…

Bank overdrafts to become more expensive for some under new changes

The UK’s major banks and building societies are set to increase the interest they charge on overdrafts as part of a major change due to come into effect from April. There are three main changes being introduced which will affect personal and a business’s overdrafts. These are: Interest on all overdrafts will be charged at a single annual interest rate (APR). No daily or monthly Read more…

Bank overdrafts to become more expensive for some under new changes

The UK’s major banks and building societies are set to increase the interest they charge on overdrafts as part of a major change due to come into effect from April. There are three main changes being introduced which will affect personal and a business’s overdrafts. These are: Interest on all overdrafts will be charged at a single annual interest rate (APR). No daily or monthly Read more…

VAT charged on the sale of a business

There are many things to consider when selling a business, but what about the payment of VAT? VAT is charged on most transactions, but it is not as straightforward when it comes to the purchase of a business. If a business is buying the assets of another business alone then VAT will be charged against these assets. However, in most cases, businesses are bought as Read more…

VAT charged on the sale of a business

There are many things to consider when selling a business, but what about the payment of VAT? VAT is charged on most transactions, but it is not as straightforward when it comes to the purchase of a business. If a business is buying the assets of another business alone then VAT will be charged against these assets. However, in most cases, businesses are bought as Read more…

Don’t forget EORI registration

The UK has now formally withdrawn from the EU and has until 31 December 2020 to agree new trade arrangements. At present, it is not possible for businesses to move goods into or out of the EU single market without an Economic Operator Registration and Identification (EORI) number. This means that if a UK business wishes to trade with the EU after this date, it Read more…

Don’t forget EORI registration

The UK has now formally withdrawn from the EU and has until 31 December 2020 to agree new trade arrangements. At present, it is not possible for businesses to move goods into or out of the EU single market without an Economic Operator Registration and Identification (EORI) number. This means that if a UK business wishes to trade with the EU after this date, it Read more…

Small and medium builders to benefit from £1 billion housebuilding boost

Housing Secretary, Robert Jerick MP, has announced £1 billion in new loans to small and medium-sized builders to help them deliver new homes, under the banner of the British Business Bank’s ENABLE Build Programme. The Government has a target of having one million new homes built in the next five years and is looking to enlist the UK’s more than 1,700 small and medium-sized builders Read more…

Small and medium builders to benefit from £1 billion housebuilding boost

Housing Secretary, Robert Jerick MP, has announced £1 billion in new loans to small and medium-sized builders to help them deliver new homes, under the banner of the British Business Bank’s ENABLE Build Programme. The Government has a target of having one million new homes built in the next five years and is looking to enlist the UK’s more than 1,700 small and medium-sized builders Read more…