Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
18 February 2021
New VAT deferral payment optionHMRC have updated their guidance to confirm how VAT registered businesses and individuals that took advantage of the VAT deferral period in 2020, and still have a balance, can join the new VAT deferral payment scheme.
Senga Prior
Tax Senior Manager
12 February 2021
Issues with Class 2 National Insurance Contributions and Time to Pay arrangementIf you have Class 2 National Insurance Contributions (NIC) to pay and have entered into a Time to Pay arrangement (TTP), or did not pay your liability in full, then you may find yourself facing issues if you wish to claim any contributory benefits.
12 February 2021
Turbulence shouldn’t see Scottish tech firms reaching for the parachutesWe all know the feeling, the cabin begins to shudder, the seatbelt light comes, followed by the voice of the captain – “ladies and gentlemen we are currently experiencing some turbulence”. For businesses, it’s a phrase that arguably feels more pertinent than ever just now, which is ironic given how few of us are able to get on a plane at the moment.
12 February 2021
Corporation Tax implications of the Coronavirus Job Retention SchemeThe introduction of the Coronavirus Job Retention Scheme in 2020 saw many businesses placing employees on furlough leave. Furloughed employees are able to carry forward their holiday entitlement for up to two years, which could have corporate tax implications for businesses.
10 February 2021
Outcome of NHS pension consultation - key changes to be aware ofLast year, the Government undertook a consultation to review proposed changes to all of the main public service pension schemes, including NHS pensions.
The consultation has now closed and the Government has announced the outcomes, which will bring about some important changes to NHS pension schemes.
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