Latest News

Three-day wait for Statutory Sick Pay to return next year

Three-day wait for Statutory Sick Pay to return next year

The standard three-day waiting time for Statutory Sick Pay (SSP) will be reinstated for coronavirus (COVID-19)-related claims from 25 March 2022, unless the government intervenes. Under standard rules in the UK, employers do not have to pay SSP to an employee until...

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HMRC’s tax take falls by billions due to pandemic

HMRC’s tax take falls by billions due to pandemic

HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts. In its 2020/21 annual report, HMRC reported that it had collected £608.8 billion in tax revenues, which is down from £636.7...

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Christmas closure dates

Christmas closure dates

We would like to let you know that our offices will be closed for the Christmas period from 1pm on Friday 24th December 2021 and will reopen at 9am on Tuesday 4th January 2022. Please be advised that while the office will be open on the morning of the 24th, we will be...

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Making Tax Digital: Current and upcoming rules

Making Tax Digital: Current and upcoming rules

Making Tax Digital (MTD) is a government initiative to ensure individuals and businesses get their tax right and stay on top of their affairs. MTD has three main incentives to transform the way the tax system works: make it more effective, more efficient, and easier...

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Energy firm Bulb enters administration as crisis continues

Energy firm Bulb enters administration as crisis continues

On 22nd November, Bulb Energy entered administration. Bulb is the most recent and far largest UK based casualty of the international energy crisis. The collapse of Bulb will no doubt cause great concern for those affected by rising energy prices and does not bode well...

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HMRC issue warning to stay alert to scams

HMRC issue warning to stay alert to scams

As the self-assessment tax return deadline approaches, HMRC has been gearing up to issue emails and text messages to customers reminding them that the time to submit their returns is nigh. They are also stressing the importance of being aware of tricksters posing as...

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Williamson & Croft: New Office Celebrations

Williamson & Croft: New Office Celebrations

A massive thank you is in order to all who attended our event last Thursday 11th November to celebrate the new office move. A fantastic time was had by all. We had a few sore heads in our office on Friday morning, and I’m sure we were not the only ones!  Thank you to...

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Studies show accountants among most trusted professionals

Studies show accountants among most trusted professionals

Trust strong post-COVID A study by Chartered Accountants Worldwide and Edelman Data and Intelligence has found that accountancy is perceived as one of the most trustworthy fields to work in. The research was conducted following the onset of the pandemic and indicates...

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UK to consult on central bank digital currency

UK to consult on central bank digital currency

Is ‘Britcoin’ coming soon? The British Treasury and Bank of England have said that they will hold a formal consultation next year on the possibility of introducing a central bank digital currency (CBDC), dubbed ‘Britcoin’. Central banks the world over are looking into...

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News

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...

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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