Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
24 September 2020
Be aware of filing deadline extensionsIn late March, the Government announced an extension to the deadline for filing annual accounts with Companies House. However, as yet no corresponding extension has been granted to the HMRC deadlines for tax payment or filing. With a company’s accounts being a key component in preparing the tax return, businesses should be mindful of the timelines for submission each if utilising the extended Companies House filing period.
23 September 2020
Impact of the Coronavirus Job Retention Scheme on R&D claimsCompanies will soon need to consider the impact of furloughed staff on their future R&D claims. This will form part of the work that we undertake in preparing our clients’ claims, but there are two key aspects to consider.
Wendy Ramsay
Tax Senior Manager
23 September 2020
COVID-19: Tax amendments you should be aware ofThere has been much publicity on the financial support being offered to businesses which have been adversely affected by COVID-19, but there are also certain relaxations of the rules regarding compliance, payment of tax and penalties that you should be aware of.
Nicola Sargeant
Tax Senior Manager
23 September 2020
New 30-day reporting requirements for Capital Gains Tax on disposals of UK residential propertyNew reporting requirements for Capital Gains Tax (CGT) due by Individuals, Executors and Trustees on the disposal of UK residential properties are now in place. The new rules can be quite complex depending on the circumstances and, already, we have helped many clients assess and report on their new CGT obligations.
23 September 2020
IR35 in the private sector – contractor assessments hints and tipsAre you ready for the upcoming IR35 tax changes? HMRC have introduced new statutory processes to follow for the end client (the person in receipt of the worker’s services). Brian Rudkin, Employer Services Director, breaks this down further and offers his top tips.
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