Enews – August 2021

12th August 2021 | News

In this month’s Enews we consider the announcement of a consultation on self-employed basis periods, draft Finance Bill clauses and guidance on claiming the fifth self-employed Income Support Scheme (SEISS) grant. With HMRC updated guidance on salary sacrifice, ICAEW urging VAT reforms specifically for property, the latest statistics on furlough, pension scams and public trust in charities, there is a lot to update you on.

 

Article Index

  • Consultation launched on self-employed basis period reform
  • The government has published draft Finance Bill clauses
  • Claiming the fifth self-employed Income Support Scheme (SEISS) grant
  • ICAEW urges HMRC to scrap exemptions to simplify VAT rules
  • HMRC updates Salary Sacrifice guidance
  • Data reveals 1.9 million workers remain on furlough
  • Pension scams average losses now over £50,000
  • Increase in public trust in charities

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Government considers 5 day isolation period

Calls to cut isolation period Chancellor Rishi Sunak has backed calls for a 5 day isolation period, meaning that the current Covid isolation period could be cut from seven days to five. Currently, those who test positive for Covid can leave self-isolation after seven...

Are you prepared for the expansion of Making Tax Digital for VAT?

MTD for VAT On 1st April 2022 it becomes mandatory for all VAT registered businesses to register for Making Tax Digital (MTD) for VAT. This is a departure from the current rules where it is only compulsory for people or businesses with a turnover above the VAT...

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