Latest News

Employment Allowance increased as of April 2022

Employment Allowance increased as of April 2022

In the Spring Statement in March, Chancellor Rishi Sunak introduced several new measures to help the public combat the current cost-of-living crisis. One of these measures was the boost to Employment Allowance for UK families and businesses. What is Employment...

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Trust Registration – Registrable Express Trusts

Trust Registration – Registrable Express Trusts

UK express trusts and some non-UK trusts in existence on or after 6th October 2020 must be registered with the UK Trust Registration Service (TRS) by 1st September 2022.  On 6th October 2020, as part of the UK’s implementation of the Fifth Money Laundering Directive...

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Government inaction on long COVID could cost billions

Government inaction on long COVID could cost billions

There are now more than a million workers missing from the workforce compared to pre-pandemic figures, according to a report published by the IPPR think tank. About 400,000 of these are no longer working because of health factors relating to the pandemic, including...

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Latest guidance for employers

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin. The April issue has information on various topics including: Forthcoming deadlines Claiming employment allowance from April 2022 Student loans Coronavirus updates and information Official rate of interest...

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Export growth is ‘stagnant’, BCC finds

Export growth is ‘stagnant’, BCC finds

Data published by the British Chambers of Commerce (BCC) shows that UK export growth has been effectively stagnant for the past year. The BCC's quarterly Trade Confidence Outlook revealed that the proportion of exporters reporting increased overseas sales was 29%,...

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HMRC names avoidance scheme promoters for first time

HMRC names avoidance scheme promoters for first time

HMRC has named two tax avoidance schemes and their promoters for the first time, advising anyone involved to withdraw from them as soon as possible to prevent the build up of large tax bills. Both schemes involve individuals working as contractors agreeing to an...

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UK government unveils energy strategy

UK government unveils energy strategy

Up to eight more nuclear reactors could be delivered to existing sites as part of the UK's new energy strategy. The plan, which aims to boost UK energy independence and tackle rising prices, also includes plans to increase wind, hydrogen and solar production. Under...

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HMRC starts chasing up SEISS overpayments

HMRC starts chasing up SEISS overpayments

HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants. From April, HMRC is writing to taxpayers whose entitlement to the fourth or the fifth SEISS grant has reduced by more than £100 to ask them to repay amounts that were...

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High street heavyweights call for reform of Business Rates

High street heavyweights call for reform of Business Rates

Several of the UK’s largest companies have joined together under an alliance to call on Chancellor Rishi Sunak to reform the UK’s ‘decades old’ business rates system. The Alliance has been set up by some of the UK’s high street big hitters, including supermarket...

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Inheritance Tax and estate planning

Inheritance Tax and estate planning

In the Spring Budget 2021, Chancellor Rishi Sunak announced that Inheritance Tax rates will be frozen until 2026. Amidst the cost-of-living crisis, inflation, rising energy bills and the National Insurance increase, the government is under pressure to address economic...

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News

Employment Allowance increased as of April 2022

In the Spring Statement in March, Chancellor Rishi Sunak introduced several new measures to help the public combat the current cost-of-living crisis. One of these measures was the boost to Employment Allowance for UK families and businesses. What is Employment...

Trust Registration – Registrable Express Trusts

UK express trusts and some non-UK trusts in existence on or after 6th October 2020 must be registered with the UK Trust Registration Service (TRS) by 1st September 2022.  On 6th October 2020, as part of the UK’s implementation of the Fifth Money Laundering Directive...

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