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The Chancellor, Rishi Sunak continued with his campaign to support the business and jobs community today, 8 July 2020, as ...
Reclaiming VAT after deregistration
Businesses can close a VAT registration for two main reasons. For example, the business has stopped making taxable supplies or ...
Corporate Insolvency and Governance Bill receives Royal Assent
The Corporate Insolvency and Governance Act 2020 (the Act) received Royal Assent, with most provisions coming into force on 26 ...
SEISS further update
HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and 76, which modifies ...
Finance Bill 2020 progress
The government’s Finance Bill 2020 (formally known as Finance Bill 2019-21) has now completed its passage through the House of ...
UK VAT claims by non EU businesses
There are special rules for businesses established outside the EU submitting a claim for VAT incurred on goods or services ...
Reminder of businesses not opening 4 July 2020
There are business sectors that have not yet been given permission to reopen in England. There has been no indication ...
Reminder of businesses opening since 4 July 2020
A reminder that since 4 July 2020, many business sectors have been given permission to reopen in England. The businesses ...
Tax Credits updates required this month
Families and individuals that receive tax credits should ensure that they review their tax credit claims by 31 July 2020 ...
Redundancy process map
Acas has published a process map for employers who are having to consider making redundancies due to coronavirus. The interactive ...
What is working capital?
Accountants would say that working capital is the difference between current assets and current liabilities. It is the capital of ...
The new reality
It may be some time before we could state with some certainty that it was back to business as usual; ...
Stock valued at net realisable value
One of the acceptable methods to value stock is at the lower of cost and net realisable value (NRV). NRV ...
IHT exemption for gifts out of income
It is possible for wealthier taxpayers to take advantage of the IHT exemption for gifts and payments that are paid ...
Trusts and CGT
A trust is an obligation that binds a trustee, an individual or a company to deal with the assets such ...