BUSINESS
Companies to pay COVID bill – Budget reaction!
Many recent budgets have been something of a non-event; not this one. The Chancellor announced plenty more support packages, including extensions to the job support and self...
National Minimum Wage – don’t fall foul of common errors
National Minimum Wage (NMW) regulations are complex and not intuitive. Errors in the administration of the rules can be expensive. They can also cause damage to the reputation...
Postponed VAT Accounting (PVA)
What is Postponed VAT accounting? PVA gives companies the option to account for and recover VAT on imported goods on the same VAT return instead of paying the VAT upfront then...
Off-payroll working (IR35) from 6 April 2021 – It’s not going away!
Changes to off-payroll working (IR35) were due to be introduced in 2020, but were delayed by 12 months. It now looks as though it's not going away, and will be implemented...
Brexit – Exports to EU countries from Great Britain
WHO WILL BE AFFECTED? All businesses that export goods from Great Britain from 1 January 2021 onwards. NEW RULES FOR EXPORTING GOODS EORI number – Economic Originator...
Services and Brexit
It is expected that the place of supply rules for services will remain broadly the same following Brexit... Business to Business (B2B) supplies Generally for a business...
Succession Planning for your farming business…
Now is the time to look at the succession planning for your farming business... It may not seem it, but the current tax regimes for Inheritance Tax is relatively generous....
VAT deferred payments – Updated 11 Feb 2021
HMRC announced that all UK VAT registered businesses that had a VAT payment due in the period 20 March 2020 to 30 June 2020 could defer payment until 31 March 2021. Businesses...
App of the month – Fluidly!
-"Never take your eyes off the cash flow because it’s the life blood of business" – Richard Branson. Twenty-twenty – what does it symbolise, my guess is that to nearly...
Brexit – Imports from EU Countries
Who will be affected? All businesses that import goods into the UK from 1 January 2021 onwards. New rules for importing goods EORI Number -Â Economic Originator...
Online Conferences/Events and VAT
Due to the current circumstances with COVID-19, many events and conferences have moved online. The VAT treatment of these events may be different from the treatment of a...
The benefits of monitoring Cashflow
What is Cashflow? Essentially cashflow is the money that moves into and out of a business. Monitoring a company's cashflow plans for the forecasted and known upcoming costs...