16-02-2021
A set of consultations on the future of Companies House published in December 2020 include proposals for mandatory digital filing, requirements to tag accountants digitally with IXBRL and shortening filing deadlines to three months for public companies and six months for private companies. The Department for Business and Industrial Strategy (BEIS) is also seeking feedback
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16-02-2021
Companies House will pause both the voluntary and compulsory strike-off processes for one month from 21 January until 21 February to support businesses affected by COVID-19, it has been announced. The extended measure comes in response to delays to the system caused by the third national lockdown. In a notice to customers, Companies House said
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16-02-2021
Due to the ongoing restrictions of the Government’s Coronavirus response, millions of UK workers continue to work from home. Many may not be aware that they can claim tax relief for additional household costs if they are working from home regularly, either for all or part of the week because of the pandemic. This tax
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16-02-2021
Register for our free IR35 webinar on Thursday 18 March here. Large and medium-sized businesses now just have a couple of months left to prepare for the changes to the off-payroll working rules (IR35). From 6 April 2021, in most cases, the engager (employer) will be responsible for deciding IR35. If caught inside IR35, then
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16-02-2021
From 1 March 2021, businesses within the Construction Industry Scheme (CIS) must record, report and pay VAT under the new VAT domestic reverse charge rules. This change affects both contractors and subcontractors and the supply of certain kinds of construction services in the UK. Under the new rules, VAT registered subcontractors who provide a service
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16-02-2021
Due to a mismatch of earnings thresholds, basic rate taxpayers may unexpectedly come under the scope of the High Income Child Benefit Charge in April. The Low Incomes Tax Reform Group (LITRG) has issued a warning to families that they may be subject to a tax charge when claiming Child Benefit due to a discrepancy
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12-02-2021
Since 1 January 2021, we have been dealing with many client enquiries involving the post-Brexit VAT arrangements, both for UK businesses importing goods from the EU, and EU businesses selling goods to UK customers. Import VAT From 1 January, goods imported from the EU into Great Britain are subject to import VAT and customs declarations.
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01-02-2021
You are not alone. Did you know that 48% of businesses introduced changes to their payroll processes due to COVID-19? A YouGov study in November 2020, conducted by IRIS Software Group, has looked at the impact the pandemic has had on small businesses and how they have managed their payroll. According to the survey, 29%
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28-01-2021
Are you starting a new business during the pandemic? COVID-19 has hit our economy hard. A global recession is likely, and many businesses are looking at their best options for survival. However, amid the anxieties and stresses we are all currently facing, an economic downturn creates opportunities. Many successful global businesses have grown out of
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22-01-2021
A recent consultation conducted by the Financial Reporting Council (FRC) lists training and skillsets as the top concerns for using technology to enhance audit quality. The use of artificial intelligence (AI) and machine learning (ML) is increasingly popular for improving audit quality. However, several audit firms and professional bodies who responded to the consultation point
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18-01-2021
We look at why it’s necessary to carry out regular checks on your HR policies and processes. In June 2020, HR Manager Bal Dhesi highlighted some key questions employers should consider before making decisions surrounding their staff during the initial stages of the COVID-19 pandemic. Our lives continue to be unsettled by the changing landscape
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12-01-2021
In its first month, the Government's Kickstart Scheme has created 19,000 jobs and, 4,359 employers apply across Great Britain, with more business applications accepted each week. This initiative will cost £2billion and will create 250,000 job opportunities. The Kickstart Scheme is an ‘innovative way to help young people to work and spur Britain’s economic revival’,
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