December 2020

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

Business News

Wilder Coe expands international network through partnership with ETL Global

2020 has been a challenging year for everyone.  However, alongside adversity, there has also been the prospect for new opportunities and international projects, to which end, we are excited to announce that Wilder Coe has recently established a new partnership with the ETL Global network.

While day-to-day business operations at Wilder Coe will continue as normal, Jitendra Pattani...

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What VAT changes can you expect in January 2021?

What VAT changes can you expect in January 2021 and why you need to act now.

On 31 January 2020, the UK left the EU. The final departure date is 31 December 2020, when the BREXIT transition period comes to an end and VAT changes will take plan 1 January 2021. Your business must have in place all the correct VAT processes, contracts and agreements to continue trading in goods with the EU...

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Scammers are targeting Self-Assessment taxpayers, says HMRC

HM Revenue & Customs (HMRC) is calling on Self-Assessment taxpayers to keep a look out for scammers posing as the tax authority.

HMRC has said that scammers are using calls, emails and texts to contact individuals...

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Eat Out to Help Out compliance checks underway

More than 84,700 food and drink establishments took part in the Eat Out to Help Out (EOTHO) scheme, according to the Treasury’s latest figures.

This resulted in 130,000 claims at the end of the scheme and is estimated to have cost the Treasury around £522 million.

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Businesses face legal action over unpaid business rates

Local authorities have begun to take legal action against businesses that fail to pay their business rates bills.

A new report from property consultancy Colliers has shown that an increasing number of businesses have begun to receive letters demanding payment and/or a court summons.

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HMRC publishes consultation on MTD for Corporation Tax

A new consultation has been published by HM Revenue & Customs (HMRC) which explores how the core principles of Making Tax Digital (MTD) can be applied to Corporation Tax (CT).

Within the new consultation document, HMRC has made it clear that MTD for CT is a means of tackling the underpayment...

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HM Revenue & Customs issues Capital Gains Tax reminder

HM Revenue & Customs (HMRC) has issued a reminder of recent changes to Capital Gains Tax (CGT) to taxpayers and the impending deadline for reporting profits from sales of residential property in the 2019-20 tax year.

Various changes to how CGT is reported and paid came into effect at the start of the current tax year on 6 April 2020...

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What are the tax implications for staff gifts this festive season?

Keep your workplace gifts tax-free.

Don’t get caught out by the taxman’s naughty list this year and follow our guidelines to take advantage of trivial benefits rules for seasonal gifts to your staff.

Under the trivial benefits rules, employers can treat their teams...

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Grandparents set to increase gifting following pandemic and families set to inherit more than expected

A pair of studies have revealed that UK grandparents are reconsidering their plans following the Coronavirus pandemic, which may mean that many families are set to inherit more than they expected to.

A survey of 2,006 grandparents, carried out by an investment firm, found one in seven are reassessing how they will pass on their assets to their families.

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