UK cuts electric vehicle grants by £500
The government has cut the Plug-in Car Grant and Van & Truck Grant by £500 and lowered the pricing cap on qualifying electric vehicles. The Department for Transport will now…
Blog Posts
National Minimum and Living wages increases
UK workers are set to benefit from rises in the National Minimum Wage (NMW) and the National Living Wage (NLW) rates that took effect from 1 April 2021. The NMW…
Government publishes details of Finance Bill 2021
The details of the Finance Bill 2021 have been published by the government. The Bill outlines the key measures set to be brought into legislation, including many measures announced in…
Consultations launched on UK’s first Tax Day
The government has published over 30 updates, consultations and documents on the UK’s first ever Tax Day. The announcements, which would traditionally be published at Budget, have been released later…
Domestic VAT reverse charge now in effect
The twice-delayed introduction of the domestic VAT reverse charge for construction services came into effect on 1 March 2021. The change was originally scheduled to come into effect from 1…
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 March 2021. The guidance states: ‘You can use the previous rates for up to one month…
Online service opens for VAT deferral scheme
HMRC has announced that businesses that deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments. To…
Spring Budget 2021 Highlights
The Chancellor Rishi Sunak preseted his 2021 Spring Budget on Wednesday 3 March 2021. Announcing a focus on recovery from Coronavirus and protection of jobs the main announcements were: Covid…
Supreme Court backs small firms on business interruption claims
The UK’s Supreme Court has found in favour of small firms receiving payments from COVID-19 business interruption insurance policies. The test case was brought against insurers by the Financial Conduct…
Government urged by CBI to act on COVID business support ahead of Budget
The Confederation of British Industry (CBI) has urged the government to provide more financial assistance to businesses affected by the coronavirus (COVID-19) pandemic ahead of the Budget on 3 March…
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