Commentary and insight

Our team of experts keeps a close eye on developments in tax law and financial regulation. Our blog is where they interpret the ever-changing statutory landscape in plain English, highlighting what’s important and offering practical advice on what businesses can do to avoid pitfalls or seize the opportunities presented.

Tax Tip – Employing Family Members

Have you considered employing family members in your business? As long as you can justify their involvement, you can employ them in your business. In a limited company, they can be remunerated with a salary, receive benefits, and be included in...

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Getting Up and Running After the Lockdown

As lockdown restrictions lift across the UK, businesses are preparing for a new working environment. The Chancellor may have begun winding down the schemes that have supported businesses through the pandemic, but government-backed loans and the...

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New Plans Ensure Trade Between Each Part of the UK

The UK government has laid out plans to deliver on its manifesto commitment to ensure businesses across the whole of the United Kingdom will continue to enjoy seamless internal trade, as they have done for centuries, when we leave the Brexit...

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VAT Reduced Rate of 5%

The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: • hospitality • hotel and holiday accommodation • admissions to certain attractions...

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Flexible Furlough Claims Now Open

Employers can now submit furlough claims for periods starting on or after 1 July. If you cannot maintain your workforce because your operations have been affected by coronavirus (COVID-19), you can furlough employees and apply for a grant to cover...

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More Firms Can Now Benefit from the Future Fund

More start-ups and innovative firms will be able to apply for investment from the government’s Future Fund from 30 June: • companies which have participated in accelerator programmes now eligible for the popular scheme; • more than 320 early-stage,...

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National Insurance – what do the changes mean for you?

Changes to National Insurance contributions (NICs) limits and thresholds took effect from 6 April 2020. The Treasury says the ‘typical’ employee will pay around £104 less in NICs in 2020/21. Before the coronavirus crisis, there were plans to raise...

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