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
Recover COVID-19 Statutory Sick Pay
Recover the costs of paying COVID-19 Statutory Sick Pay using HMRC’s online service. The service allows employers with less than 250 staff to apply to recover the costs of paying coronavirus -related Statutory Sick Pay for two weeks. The rebate is worth almost £200 per employee.
Plans to reopen retail from 15 June
Plans to reopen retail in a safe and secure manner providing the Government’s five key tests are met, retailers conduct risk assessments and comply with COVID-19 Secure guidelines for shops and branches.
Lords committee launches IR35 inquiry
Concerned that the impact of planned changes to off payroll working rules or IR35 has not been fully assessed, the House of Lords Finance Bill Sub Committee has launched an inquiry.
Retirement After 45 Years of Exceptional Service
Congratulations to Phil Jones on 45 years of exceptional service to Bates Weston and our very best wishes for his retirement.
Fourth Industrial Revolution
Government continues to take steps to support the Fourth Industrial Revolution by appointing inaugural chair of Regulatory Horizon Council.
Residence Nil Rate Band 2019/20 and the Family Home
Understand how the value of your family home and the residence nil rate band may affect your inheritance tax bill.
Off Payroll Review Announced
The Govt has launched a review of changes to off-payroll working rules (often referred to as IR35) following concerns over the chances of a successful implementation from April 2020
Loan Charge Review Published
On the 20 December 2019 the much anticipated Loan Charge Review was published. Richard Coombs, tax partner at Bates Weston summarises its main recommendations and gives his thoughts on what may happen next.
The Future for Entrepreneurs’ Relief
What does the future hold for Entrepreneurs’ Relief? Valuable incentive to encourage entrepreneurs to risk starting and growing their own business under Government scrutiny.
A Budget within 100 days
The Prime Minister promised a Budget within 100 days of the election result, so we can expect a Budget in February or March with any changes to taxes, benefits and allowances potentially taking effect in April.
Tax Tips 2020
As the tax deadline looms on 31 January for the tax year ending April 2019, here are our tax tips to keep your tax bill down.
Entrepreneurs’ Relief Post Election?
What will happen to Entrepreneurs’ Relief post Election? Our tax team have been considering whether there are steps that can be taken to pre-empt some of the possible tax changes that might arise after 12 December.
CGT due within 30 days of completion on residential sales
From April 2020 when you sell your home, if CGT (Capital Gains Tax) is due, you will need to calculate and pay it within 30 days of completion.
Treasury delays Loan Charge report
Government confirms the delay to the report on the review of the controversial Loan Charge until after the General Election.
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