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£20m SME Brexit Support Fund

Posted: 17 March 2021

If you trade goods with the EU or Northern Ireland and have been affected by the border changes since the UK left the EU, £2,000 grants are now available to assist your business. These are intended to help SMEs get up to speed with the new procedures by getting the training or professional advice needed to continue operations. (more…)

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Tax Tables 2021-22

Click here to download our free and useful tax tables for tax year 2021-2022

 

If you need help with your tax or have any questions please get in touch with our tax team at tax@burgesshodgson.co.uk

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Fourth SEISS Grant

HMRC will be carrying out pre-verification checks on individuals who started self-employment in 2019/20 and may be eligible to claim the 4th grant under the Self Employed Income Support Scheme (SEISS).

Read and download more information here: Fourth SEISS Grant.

If you have any questions, please contact your personal tax advisor within Burgess Hodgson or email: tax@burgesshodgson.co.uk

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Tax Update- Land Disposal Returns

New legislation introduced means that any UK resident selling an interest in residential property which gives rise to a tax liability will have to submit a new Capital Gains Tax Return.

Read more here: Important Tax Update- Land Disposal Returns 2021

 

If you are unsure or would like to discuss a potential tax charge, please contact tax@burgesshodgson.co.uk

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Payroll End Of Year Factsheet

Download our payroll end of year fact sheet for 2020–2021 here: Payroll 2020 21 End of Year Changes Factsheet

 

If you have any questions regarding our payroll services please contact us at payroll@burgesshodgson.co.uk

 

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Electric Vehicles

Some key points on electric vehicles:

  • A 2% benefit-in-kind rate will apply to fully electric cars from 2022-23 until 2024-25.
  • Salary sacrifice anti-avoidance legislation does not apply to low CO2 emission cars.
  • The installation of a charging point at an employee’s home may result in a taxable benefit.
  • Government’s “plug-in” financial grant designed to encourage the purchase of electric cars in the UK (conditions apply).
  • From 6/4/21 there is zero van benefit charge for e’ees for drive fully electric vans and use them privately.
  • Hybrid company cars benefit determined by CO2 emissions, electric range, and date of registration.

For more information or advice please contact us at info@burgesshodgson.co.uk

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Budget Summary

Posted: 04 March 2021

Chancellor Rishi Sunak presented his second Budget to the House of Commons yesterday (3 March 2021). Burgess Hodgson Budget Summary reports on the key announcements and recent measures most likely to affect your business and personal finances.

 

Watch our knowledgeable panel of experts answer your questions on the budget here: www.youtube.com/watch?v=6Sed2n6E_Dg

 

For further advice, please contact us at info@burgesshodgson.co.uk

 

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New National Minimum Wage

Posted: 19 February 2021

The government has confirmed new National Minimum Wage rates, effective April 2021; (more…)

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Post Budget Q & A

Join our knowledgeable panel of experts for discussion on the budget and your questions answered.

 

Thursday 4th March 2021 at 10am

 

Our panel of experts will be Ken Jones, Martin West, Fiona Wilkes and Matthew Sutton.

 

Register on Zoom here: https://zoom.us/webinar/register/WN_vorzMH1JTMOHECOJbSJ8kg

Please email marketing@burgesshodgson.co.uk if you would like any more information or to submit a question.

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VAT Domestic Reverse Charge For Builders

Last updated on March 8th, 2021 at 02:23 pm

posted: 04 February 2021

VAT Domestic Reverse Charge For Builders will be effective from 1 March 2021.

To be eligible all of the following need to apply:

  • The work is subject to CIS and both the subcontractor and contractor are registered for CIS
  • The subcontractor is VAT registered
  • The contractor is VAT registered
  • The work is subject to the standard rate or reduced rate of VAT
  • The work relates to the onward supply of construction services

(more…)

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