Advisory fuel rates for company cars

Dec 01, 2020

New company car advisory fuel rates have been published and took effect from 1 December 2020.

The guidance states: 'You can use the previous rates for up to one month from the date the new…

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Minimum Wage Increases from April 2021

Dec 01, 2020

Increased minimum wage rates have been announced to take effect from 1 April 2021.

The government has announced that the National Living Wage (NLW) will increase by 2.2% from £8.72 to £8.91,…

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Gifts to employees can be tax-free

Dec 01, 2020

Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee.

A tax exemption is available…

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Virtual Christmas parties will qualify for tax exemption

Dec 01, 2020

HMRC has confirmed that they will accept a virtual Christmas party as an event which is capable of falling within the tax exemption rules for annual functions.

The Association of Taxation Technicians…

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Get prepared for the end of the Brexit transitional period

Dec 01, 2020

It is time to prepare for the end of the Brexit transitional period.

Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this prompted the start of an 11-month…

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National Lockdown Financial Support

Nov 05, 2020

Today, we have entered a second national lockdown. The government has announced a number of measures to help businesses during this difficult time. 

We provide a summary of the main support…

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ATT issues last call for firms seeking to use increased Annual Investment Allowance

Nov 05, 2020

The Association of Taxation Technicians (ATT) has issued a last call for businesses looking to make use of the increased Annual Investment Allowance (AIA).

The AIA will be reduced from £1 million…

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Brexit imports and exports

Nov 05, 2020

From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc. From 1 January 2021, declarations will…

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Taxpayers claim tax relief for working from home

Nov 05, 2020

HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home.

From 6 April 2020, employers have been able to…

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