800,000 claim tax relief for working from home
HMRC has confirmed that almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on household related costs. The saving is worth up…
Blog Posts
440,000 tax credit claimants still to renew their claims
HMRC is reminding tax credit claimants that they have until 31 July 2021 to renew their claims. According to HMRC, 440,000 claimants have yet to renew their claims. More than…
Over 280,000 families now using Tax-Free Childcare
More than 282,000 working families used a Tax-Free Childcare (TFC) account during March 2021, according to figures from HMRC. HMRC stated that it is the highest recorded number of families…
Schemes create one stop shop for VAT on EU trade
Three schemes were launched on 1 July to deal with VAT on business-to-consumer supplies of goods and services to EU customers. They are known as the ‘Union’, ‘non-Union’ and ‘import’…
HMRC launches 13,000 investigations into COVID-19 support schemes
HMRC has launched nearly 13,000 investigations into alleged abuse of the government’s coronavirus (COVID-19) financial support schemes. A freedom of information request revealed that, up to the end of March…
Property tax changes
From 1 July 2021 there are changes to the Stamp Duty Land Tax (SDLT) and Land Transaction Tax (LTT) bands for residential property. SDLT is payable by the purchaser in…
Apprenticeship cash boost
The government has confirmed that employers of all sizes in England can now apply for £3,000 in extra funding to help them take on new apprentices. The boost to the…
Furlough scheme starts to wind down
The government’s Coronavirus Job Retention Scheme (CJRS) begins winding down from 1 July. The latest data from the Institute for Fiscal Studies (IFS) shows that at the end of April…
Simpson Wood’s 2021 Golf Day
Simpson Wood’s First Golf Day took place at Woodsome Hall on Thursday 10th June. We had 32 competitors in teams of four playing for team and individual prizes. A fabulous…
Trade credit insurance scheme to close
The temporary Trade Credit Reinsurance (TCR) scheme that helped struggling supply chain firms secure insurance protection during the pandemic will close at the end of June, it has been confirmed….
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