We recently wrote about the new Omicron Hospitality and Leisure Grant (OHLG), as announced by the Chancellor on 21 December 2021. (See our previous blog here) The government has now provided further guidance on criteria, eligibility and how to apply for the grant. Who...
Cryptocurrency has entered by public consciousness comparatively recently, but its ongoing growth means business advisers, the general public, investors (and of course HM Revenue and Customs!) now need to take it seriously. Tax Tuesday this week looks at this area,...
Tax Tuesday encapsulates some of the elements and benefits of inheritance tax this week, whilst acknowledging each situation will have its’ own considerations. For inheritance tax purposes there is a generous relief called business property relief (BPR), which can...
As the season of goodwill fast approaches, it is worth reminding ourselves of the tax rules which apply to seasonal gifts and entertainment to staff as a ‘thank you’ for all the hard work put in over the previous 12 months. Tax Tuesday looks at the rules around...
There are a number of HMRC-approved VAT schemes available to small businesses and we look at three of these in this week’s Tax Tuesday and consider when their use may be appropriate. Cash accounting The cash accounting scheme is available for businesses with annual...
In recent Tax Tuesday pieces, we have looked at tax efficient ways to incentivise the workforce, given the importance of a motivated workforce to the success of a business. Another key consideration for success is to ensure a business adopts the most appropriate...
