The day after Boris Johnson outlined a roadmap out of Covid restrictions for England Scotland’s First Minister, Nicola Sturgeon, has laid out the beginnings of a roadmap to ease Covid-19 restrictions from April. Like Johnson, Sturgeon is focusing on data rather than dates, but is taking a more cautious approach than the PM. She is […]
Scotland Covid Roadmap – Business Impact Read More »
We often get asked whether buying residential letting property through a Limited Company is a good idea. The answer to that is…. It depends! In order to give decent advice we would need to know the circumstances of the person doing the buying and their long term intentions. However what we can do here
Pros And Cons Of Buying A Property Through A Limited Company Read More »
The Government has just update it’s guidance on paying VAT bills that were deferred due to the pandemic between 20th March and 20th June 2020. Clients have three options: Pay by the 31st of March Opt into the new deferral scheme when it goes live and pay in up to 11 smaller payments Talk
Deferred VAT Bills Now Coming Due Read More »
New VAT rules are finally due to come into effect this March which will impact on accounting for VAT for transactions in the construction sector. These new rules, the VAT Reverse Charge, have already been delayed twice as there was a lack of awareness of the changes in the industry. The new “reverse charge” system
New VAT Rules For Construction Sector Start On 1st March 2021 Read More »
Reuters have reported that the Airbnb UK accounts for the year to 31 December 2019 include a statement that the company will share data with HMRC about the property income of hosts (those who let out property) on its UK platform in the years 2017/18 and 2018/19. See the original article here. The Airbnb data
Property Income – Airbnb Landlords Beware Read More »
We are pleased to announce a new partnership with one of the leading R&D tax credit Companies. There are no upfront costs for clients and the work is carried out for a fee in proportion to the tax rebate received. Click here for more details of our service: https://www.sutherlandblack.co.uk/r-and-d-service/ You would be surprised at what
New R&D Tax Credit Partnership Read More »
On 22 October the Chancellor announced that the CJRS “furlough” scheme would end on 31 October 2020 to be replaced by a new Job Support Scheme (JSS). However, at 6.45 pm on 31 October 2020 when the Prime Minister announced a month long lockdown for England he announced that the CJRS furlough scheme would be
“Furlough” Scheme Extended At 80% of Normal Pay Read More »
Further to our last blog post here is some more detailed information about the job support scheme that will start on November 1st. The JSS scheme originally announced in September has been made more generous to support businesses legally forced to close their premises as a direct result of Coronavirus restrictions imposed by one of
Job Support Scheme – Latest Updates Read More »
The government today announced it will increase the amounts and reach of its winter support schemes. In recognition of the challenging times ahead, the Chancellor said he would be increasing support through the existing Job Support and self-employed schemes and expanding business grants to support companies in high-alert level areas. H M Treasury states
Plan For Jobs: Latest Government Update Read More »
On 24 September 2020, the Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March 2021, HMRC have confirmed businesses can make smaller payments up
Corona Vat Deferral Update Read More »
