Almost half, 47%, of employees surveyed from across the UK, would consider leaving their job post-covid-19 pandemic if they are not afforded some form of flexibility in where and when they work. The 2021 EY Work Reimagined Employee Survey of 1,000 UK workers found that nearly two-fifths, 39% would choose flexibility of when they work…
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The rollout of Making Tax Digital may have slowed due to the pandemic but there is low awareness about the next stage covering landlords, small business and partnerships, warns Kevin McCallum, chief commercial officer at FreeAgent HMRC introduced the first stage of its Making Tax Digital (MTD) legislation in April 2019. Envisaged as the biggest…
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The latest Self-Employment Income Support Scheme (SEISS) figures show that two million self employed individuals have claimed for the fourth grant HMRC figures indicate that £5.5bn has been paid out for SEISS claims to support the self employed deal with loss of earnings due to the pandemic. The claims window for grant four closed on…
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R&D tax relief has been a valuable source of innovation funding for thousands of UK businesses since it was first introduced but HMRC’s approach to subsidised expenditure could soon see many of those claiming for customer-led R&D at risk of challenge. Covid-19, Brexit and the resulting economic downturn have wreaked havoc in the UK during…
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HMRC have issued a briefing setting out their approach to collecting tax debts and customer support as the UK emerges from the Covid-19 pandemic. The briefing sets out: •what HMRC will do when a customer has a tax debt; •the extra support that has been put in place for customers; and •what action HMRC will…
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Following the Chancellor’s Budget back in March, the scale of the shock to the UK economy as a result of covid-19 is now clear. Covid-19 is now estimated to have reduced gross domestic product (GDP) by as much as 10% in calendar year 2020. And yet despite this apparent doom and gloom, corporate insolvencies appear to tell…
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1 July Corporation tax due for accounting periods ended 30 September 2020 (where not payable by instalments) 5 July Deadline for applying for a PAYE settlement agreement (PSA) to have effect for the first time for 2020-21 6 July P11Ds and P11D(b) for 2020-21 due to be submitted to HMRC and copies of P11Ds to…
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Research & Development (R&D) Tax Credits are a progressive type of tax relief available to any UK company that is contributing to the UK economy through innovation and research; be it through improving existing or developing new products, processes, services, devices and materials. Or, advancing the state of knowledge in their sector. When can a…
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Why improve your credit score? Poor personal credit can be a big barrier to getting finance for your business. You may think the two separate, but in fact when lenders are checking the personal credit of the management team, what they are really asking is, ‘how do the people who run this business manage their…
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Credit improvement helps businesses enhance their credit score. Who is eligible for credit improvement? Business credit rating has a direct impact on working capital, credit limits with suppliers, funding availability, rates and tender opportunities. If a business falls within the following categories, they could benefit from credit improvement. • Score under 30- Getting funding approval…
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