CJRS: Main changes to the extended scheme

Towards the end of 2020, the Chancellor announced the furlough scheme’s extension until 30 April 2021, which will continue to contribute 80 per cent towards employees’ wages. Continue reading

More than 4,000 businesses join Kickstart programme

More than 4,000 small businesses have used the Government’s Kickstart programme to take on new workers, it has been revealed.Continue reading

HMRC warns of tax scams ahead of Self Assessment deadline

HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline.Continue reading

Self-Assessment: Taxpayers encouraged to file tax returns now to spread tax bill across the year

Taxpayers are being encouraged to file self-assessment tax returns now to ensure that they can spread their tax bill across 2021 through the ‘Time to Pay’ payment plan service.Continue reading

Employers: call for furlough scheme to be introduced to working parents while schools are closed

The Trades Union Congress (TUC) states that working parents with children, who struggle to balance their work-life and childcare, should be put on the furlough scheme whilst the schools are closed.Continue reading

Business rates: UK businesses could save almost £500 million after interim rebate ruling

Businesses in the UK could save a combined total of £481 million in business rates after an interim ruling on rebates.Continue reading

COVID-19: enhanced payment plans for Self-Assessment individuals

To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers – increasing the threshold from £10,000 to £30,000.Continue reading

New laws to ensure businesses can trade freely between all four parts of the UK at end of transition period

New laws approved this week will ensure that no “harmful barriers” will be imposed on trade between the four parts of the UK at the end of the Brexit transition period, it has been announced.Continue reading

The most common Self Assessment errors, according to HMRC

With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around.Continue reading

HMRC: Penalty payments for non-compliance increase by 62 per cent

HM Revenue & Customs (HMRC) penalties for non-compliance by taxpayers have risen by 62 per cent, according to the latest research.Continue reading

Get in touch

If you would like to find out more about how we can help you, please give us a call or send us an email.

Phone us
01642 632032

Email us
info@bainesjewitt.co.uk

Can we help? Talk to our expert team