News
A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Latest posts
The Super Deduction
The key issues that make the super deduction capital allowance, not quite so super after all.
Restructuring as a way to divide a Family Investment Company
Restructuring a business when outgrowing a Family Investment Company through a demerger can be a tax efficient way to allow family members to pursue different commercial goals.
Residual tax and the loan charge
Richard Coombs considers HMRC’s updated guidance on collecting any residual tax due as a result of the loan charge.
Online service for third SEISS grant available from 30 November
The government has announced that the online service for the third SEISS grant is now available. Claims can be made from the date given by HMRC in an email or letter or from within the online service but must be made by 29 January 2021.
Government publishes review of R & D tax relief regime
Government review of R& D tax relief indicates that the relief does promote R & D spending but that 51% of companies have never heard of it. Richard Coombs takes a look at the findings.
Capital Gains Tax overhaul expected following Capital Gains Tax Review
Craig Simpson , Tax partner at Bates Weston, looks at the recommendations made by the OTS’ first report on the Capital Gains Tax review requested by the Chancellor.
Support for local businesses during second lockdown
Reminder of Local Restrictions Support Grant and Additional Restrictions Grant and status of application processes and contact details for local administering authorities.
Furlough Scheme extended until March and self employed grant increased
Chancellor announces an extension in the CJRS (furlough scheme) to the end of March 2021 and increases the self employment Income Support Scheme level of support grant from 55% to 80% of average monthly trading profits.
Increases in self employed income support announced
Level of income support available to the self-employed through the third SEISS (Self Employment Income Support Scheme) grant increased to 55% and claim date brought forward to 30 November.
National lockdown measures from 5 November
An outline of the national lockdown measures announced by the Prime Minister on 31 October, including which businesses are to close and which can remain open.
Coronavirus Job Retention Scheme extended
The Coronavirus Job Retention Scheme has been extended and grants are available for businesses required to close due to local or national restrictions.
Changes to the Winter Support Package
The Chancellor has announced changes to the Winter Support Package, affecting the Job Support Scheme, Self Employed Income Support Scheme and business grants that improve the support available, particularly to businesses in High Alert areas.
Importing into the UK from the EU after 1 Jan 2021
The end of the transition period brings changes to the procedures for importing goods into the UK from the EU, regardless of any trade deals or no deal.
PM announces further restrictions and the three tier Covid alert system
Against the backdrop of a scientific briefing this morning, the Prime Minister announces the three tier Covid alert system.
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