Latest News
Over a million take advantage of extra time to file self-assessment returns
HMRC has revealed that more than one million taxpayers filed their late tax returns in February – taking advantage of the extra time to complete their self-assessment without facing a penalty. About 12.2 million taxpayers were expected to file a return for the 2020/21...
MPs call for road pricing to replace motoring taxes
The government must overhaul motoring taxes as it phases out new diesel and petrol vehicles, according to MPs. MPs on the Transport Committee say the government must come up with new policy options by the end of the year. A ban on the sale of new diesel and petrol...
HMRC raises late payment interest rate to 3%
Following the decision by the Bank of England to increase the base rate, HMRC has confirmed that the late payment interest rate rose a quarter of a percent. The increase applies from 14 February 2022 for quarterly instalment payments and from 21 February 2022 for...
Two freeports planned for Scotland
A partnership agreement to establish two green freeports in Scotland has been reached between the Scottish and UK governments. The locations for the freeports have not yet been decided and there will be an application process with a view to setting up the freeports in...
Businesses urged to apply for remaining COVID-19 support grants
Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities. Hospitality, leisure and accommodation businesses can still apply for one-off cash grants of up to £6,000 through the Omicron Hospitality and Leisure...
Coronavirus SSP Rebate Scheme closed as of 17 March
The Statutory Sick Pay Rebate Scheme (SSPRS) has closed as of 17 March 2022. The SSPRS was reintroduced by the government on 21 December 2021 for employers with fewer than 250 employees. The maximum claim per employee is two weeks at the statutory sick pay...
Spring Statement is the time to act, says CBI
The Chancellor must act at the Spring Statement or risk the UK economy drifting backwards to low growth, warns the Confederation of British Industry (CBI). The Spring Statement will take place on 23 March 2022. The CBI has set out a range of policies it says are aimed...
Help to Grow: Digital
Digital software The Government have implemented a scheme to help small and medium-sized UK businesses buy and adopt digital technologies to improve productivity. The Help to Grow: Digital website provides all businesses with free and impartial information and support...
Purchasing a car and recovering the VAT
Requirements for VAT recovery If you are considering purchasing a car for business purposes and recovering the input VAT, it is important to consider the requirements and to ensure you are meeting HMRC’s conditions. The two main conditions which must be met are: The...
Tax planning tips for year-end
Are you prepared? It is just under a month until the end of the tax year, and so it would be prudent to start considering your tax planning. Please see below for our handy list of tips which can guide you to ensure you are making the most of your money and saving on...
Williamson & Croft promote new Tax Partner
North West based accountants and tax advisors Williamson & Croft are pleased to announce the promotion of Chris Watson to Tax Partner. Chris has been with the company since July 2020 as Tax Director and has become an invaluable member of the team. He has over 10...
Government plan to reform Companies House requirements
What are the new rules? The UK government has set out plans to reform governance at Companies House to stop manipulation of the service, particularly in the use of anonymous or fraudulent shell companies and partnerships. Companies House is planning to ‘change its...





Looking for a first-class accountancy service?

Williamson & Croft is a market leading accountancy, advisory and tax firm with particular specialisms in property, construction, retail, digital and creative, technology and professional services.
Global Association
News
New law to protect access to cash announced in Queen’s Speech
New laws to protect access to cash and help victims of financial scams were announced in the Queen’s Speech at the state opening of parliament on 10 May. The new Financial Services and Markets Bill will ensure the continued availability of withdrawal and deposit...
Number of firms in critical financial distress rises sharply
A growing number of UK businesses are at risk of going under as costs spiral and Covid loan repayments become due, according to a report from insolvency firm Begbies Traynor. Although COVID restrictions have been lifted, some firms are still feeling the impact of...
Contact
York House, 20 York Street, Manchester, M2 3BB
Avenue HQ Liverpool, 17 Mann Island, Liverpool L3 1BP