02-07-2021
Unlike other benefits, tax credits usually have to be renewed each year by 31 July to continue receiving payments from HM Revenue & Customs (HMRC). If you are claiming tax credits, it is really important to look carefully at the information you receive. Even if you have stopped getting tax credits, you still need to
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02-07-2021
A payroll services boss has been banned for orchestrating a multi-million-pound tax avoidance scheme. The case puts a spotlight on company owners and should serve as a reminder that they are subject to strict conditions over keeping records. The High Court issued a disqualification order lasting 11 years to the sole director of Magnetic Push
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02-07-2021
Payments on account are advance payments towards your tax liability for the year, if you complete a UK Self-Assessment tax return and is a way of settling tax owed. The two deadlines for the self-employed to pay their tax bills are 31 January and 31 July of each year. These two payments are made during
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02-07-2021
Penalties for late submission and late tax payments will be determined by a new points system to make them fairer and more consistent, HM Revenue & Customs (HMRC) has announced. Under the new system, penalties will be points-based rather than automatic. This means that those who consistently miss deadlines will accrue more points – and
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02-07-2021
The next big step in the Government’s Making Tax Digital (MTD) initiative is rapidly approaching. From 6 April 2023, MTD is expanding to include businesses and landlords with a combined total gross income over £10,000 per annum, from the following sources: self-employment partnerships UK property overseas property. The changes mean affected taxpayers will have to keep
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02-07-2021
From April 2023, the Corporation Tax rate will rise for companies with profits of more than £50,000, following the Chancellor’s announcement at his Spring 2021 Budget. However, the new higher rate of Corporation Tax will not be the same for all companies and will instead be tied to their profits. Companies generating profits of £250,000
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16-06-2021
Effective 1 January 2021, all EU citizens (excluding Irish citizens) no longer have the automatic right to work in the UK. European nationals and their families who arrived in the UK before 31 December 2020 must apply for the EU Settlement Scheme (EUSS) by 30 June to continue living and working in the UK. Individuals
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08-06-2021
Goodbye Oxford House, Hello btc Stevenage! From Thursday 1 July, our Accounting Support team will have a new home. After 10 years at Oxford House, Caxton Way, we are moving our Stevenage office. But don’t worry, our new office space is just down the road! In light of the COVID-19 pandemic and our commitment to
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03-06-2021
For ETL UK Partner Spotlight Series, Statutory Partner, Ian Saunders, highlights an often overlooked requirement of the UK Companies Acts. As a Chartered Secretary, Ian specialises in the whole area of Company Secretarial work and has managed the Statutory department at Wilder Coe for the last 23 years. He understands the issues companies face handling
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02-06-2021
HR Manager, Bal Dhesi, explains her cost-effective and straightforward tips to help employers improve their bottom line through investing in employee wellbeing initiatives. "Investing in the wellbeing of your team can reduce sickness absence, improve productivity and reduce turnover. Many studies show how implementing workplace wellness initiatives that promote healthier lifestyles. Considering the work-life balance
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01-06-2021
Both the Bank of England and the UK’s leading business members’ organisation believe the economy is set to take off after the vaccine bump. GDP (Gross Domestic Product) is expected to rise sharply in the second quarter as lockdown eases. Bank economists say this is a result of the vaccine rollout and the fastest predicted
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01-06-2021
Putting together an efficient tax strategy should be a no-brainer for buy-to-let landlords seeking to maximise their income. It may not be quite as glamorous as hunting down the perfect property, but when it comes to saving cash, it can make a huge difference to your bottom line. There are several ways you can reduce
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Matrimonial Disputes & Tax
Matrimonial Disputes & Tax Our specialist tax Partners, working alongside our Forensic team, provide independent expert advice and expert witness evidence on complex tax matters arising in matrimonial and family law disputes. We are appointed by applicants, respondents, jointly by parties, and by legal advisers, to support negotiations, mediation, other ADR proceedings, and family court […]
