Time to let your hair down.
October 21, 2021

We are all due a little rest and recuperation. The last eighteen months have been challenging and stressful. If, big if, COVID infection is contained this winter, perhaps we could start to consider celebrating with and family and friends during...

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What is cabotage?
October 19, 2021

Although it sounds like a culinary dish – a cabbage compote (?) – cabotage is defined as the transport of goods or passengers between two places in the same country by a transport operator from another country.

Its present...

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Reduction in support for hospitality sector
October 14, 2021

The temporary reduced rate of VAT (5%), introduced to assist qualifying hospitality trades disrupted by COVID lockdown measures, was increased to 12.5% from 1 October 2021. Based on present information, from 31 March 2022, this 12.5% rate will...

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Tax year end – all change?
October 13, 2021

At present, self-employed traders (sole traders and partnerships) are taxed for each tax year on profits for the accounting period ending in that tax year.

Therefore, if a trader’s accounting year end is 31 December, their...

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Better late than never
October 7, 2021

A recent HMRC press release confirmed that sole traders and buy-to-let property businesses (but not incorporated businesses) will have an extra year to prepare for the digitalisation of Income Tax.

Recognising the challenges faced by...

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New measures to ease fuel supply chain pressures
October 5, 2021

The UK Government has announced that further measures will be put in place to help ease supply chain pressures as spikes in demand for fuel create a panic buying hysteria.

This added pressure to already stretched supply chains is a...

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Tax Diary October/November 2021
October 4, 2021

1 October 2021 - Due date for Corporation Tax due for the year ended 31 December 2020.

19 October 2021 - PAYE and NIC deductions due for month ended 5 October 2021. (If you pay your tax electronically the due date is 22 October...

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Students are warned of tax scams
October 4, 2021

University students taking part-time jobs are at increased risk of falling victim to scams, HMRC is warning.

Higher numbers of students going to university this year means more young people may choose to take on part-time work. Being...

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Data easing for the UK?
October 4, 2021

In a recent press release issued by the Department for Digital, Culture, Media and Sport, with the leading title “Unleashing Data’s Power”, it was announced:

“The Information Commissioner’s Office (ICO) is...

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NIC increase – now you see it, now you don’t
October 4, 2021

From April 2022, in line with announcements made last month, National Insurance Class 1 contributions (that will affect employed persons and their employers) and Class 4 contributions (that will affect the self-employed), are increasing by...

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