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Gaming behind the wheel?

19/10/2020

Unbelievably, it has been illegal to make phone calls or text while driving a car, but not illegal to play games or take photos. Clearly, this loophole is begging to be closed and new legislation proposed, 17 October 2020, will aim to do just that. A Government announcement says: People using a hand-held mobile phone in all

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Last orders please…

18/10/2020

From 1 January 2021, UK businesses that export, import or transport goods to and from the EU will need to comply with a number of new regulations. Inevitably, some will fall short and these will create delays, in your goods reaching EU customers, the goods of EU suppliers reaching you, and transport drivers spending more time than is

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New Freeports to cope with Brexit

14/10/2020

The government is moving ahead with plans to build free trade zones - known as Freeports - across Britain after Brexit. Freeports are a special kind of port where normal tax and customs rules do not apply. In their place, simplified customs procedures and duty suspensions on goods applies. The initiative would allow firms to import

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Students warned of tax scams

14/10/2020

HMRC is warning new students starting university that they could be targeted by scammers trying to steal their money and personal details. As new students start the academic year they can be particularly vulnerable to tax scams. Coupled with an increase in remote working due to the pandemic can leave students particularly exposed to the

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Applying for Green Homes Grants

14/10/2020

Home owners and landlords in England can apply for a grant to make their home more energy efficient. The Green Homes Grant will cover at least two-thirds of the cost up to £5,000 per household. For low income households these grants will cover all costs up to £10,000. The scheme runs until 31 March 2021. The Green Homes Grants provides

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New three-tier COVID-19 alert levels

14/10/2020

On 12 October, the Prime Minister announced the introduction of a new three-tier system of local COVID-19 alert levels across England. The new system sets the levels at medium, high and very high based on local transmission rates. The legislation to write the new three-tier system into law was approved by Parliament on 13 October

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Are your construction clients ready for reverse charge changes?

14/10/2020

New VAT rules for building contractors and sub-contractors come into effect from 1 March 2021. The new rules will make the supply of construction services between construction or building businesses subject to the domestic reverse charge. The reverse charge will only apply to supplies of specified construction services to other businesses

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Companies House warn of delays in postal submissions

14/10/2020

Company filing deadlines were extended for companies with filing deadlines between 27 June 2020 and 5 April 2021. Companies House is warning of delays in postal submissions and have said it is taking much longer than usual to process paper documents, forms and letters sent by post. Accounts filed on paper need to be manually checked and

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Donating land, property or shares to a charity

14/10/2020

There are special rules in place for taxpayers who gift land, property or certain shares to charity. This can include Income Tax and Capital Gains Tax (CGT) relief provided all the necessary conditions are met. There is no Income Tax relief on donations to community amateur sports clubs (CASCs). Income Tax relief Where qualifying assets

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Time To Pay limits increased

14/10/2020

One of the measures announced by HMRC at the start of the coronavirus pandemic was the introduction of emergency measures to help tax payers affected by COVID-19 to use the Time To Pay service. Businesses and self-employed people in financial distress and with outstanding tax liabilities may be eligible to receive support with their tax

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Levelling up or levelling down?

12/10/2020

Our government has introduced a three-tier system for determining the local state of COVID infection and how restrictions in each area of England are to be applied. The grades are instructive. The three categories are: Medium alert level - This will cover most of the country and will consist of the current national measures, which

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The don’ts of the new 3-tier system

12/10/2020

The new 3-tier system for classifying local COVID alert status sets out what you should not do depending on the classification of your local area. At present they only apply to England. In summary they are: Local COVID Alert Level - Very High This is for areas with a very high level of infections. The Government will set a baseline of

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Job Support Scheme Expansion

10/10/2020

On Friday 9 October, the Chancellor, Rishi Sunak announced an extension to the Job Support Scheme (JSS). The expanded scheme will include additional support for employees of businesses that are forced to close because of local or national lockdown measures. The extended scheme will run in parallel with the main JSS for 6 months from 1

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31 October paper Self-Assessment filing deadline

07/10/2020

The 2019-20 tax return deadline for submitting your paper Self-Assessment returns is 31 October 2020. Due to the impact of coronavirus, taxpayers were able to delay making their second payment on account for the 2019-20 tax year (due on 31 July 2020) until 31 January 2021. It has also been announced that most taxpayers will be able to

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Grants overclaimed?

07/10/2020

Any business that has overclaimed a Coronavirus Job Retention Scheme (CJRS) grant must pay back the overpayment to HMRC. The rules outlined below for paying HMRC back an overclaim also apply to businesses that would like to make a voluntary repayment because they do not want or need the grant. Any overpayments can be corrected in your

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COVID related benefits for employees

07/10/2020

The Income Tax treatment of coronavirus tests and the provision of Personal Protective Equipment (PPE) to employees during the coronavirus pandemic is covered under specific HMRC guidance. The guidance explains how employers should proceed where they are providing coronavirus testing kits, or Personal Protective Equipment (PPE) to their

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Paying or refunding transport costs

07/10/2020

To ease the financial burden on their employees, some employers may look at paying or refunding transport costs for their employees when they return to work. There are tax implications that should be examined. As a general rule, where an employer pays or refunds an employee the cost of transport from work to home, this is considered to be

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Claiming the Job Retention Bonus

07/10/2020

New guidance has been published on claiming the Job Retention Bonus. The Job Retention Bonus provides for a £1,000 bonus payment to employers that bring back an employee that was furloughed under the Coronavirus Job Retention Scheme, and continuously employs them for at least 3 months after the furlough scheme ends. The £1,000 Government

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