Archives

Treasury directive re fourth SEISS grant

29th April 2021 Posted by - Alexander Accountancy

HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and 76, which modifies and extends the effect of

Read More

A reminder that not all costs are costs

30th April 2021 Posted by - Alexander Accountancy

Costs are defined as something that has to be paid or spent to acquire something. Costs include the acquisition of: An object, say material

Read More

Property repossessions from 1 April 2021

21st April 2021 Posted by - Alexander Accountancy

There have been a significant number of measures introduced to help those experiencing financial difficulties because of coronavirus. Throughout the

Read More

HMRC’s new penalty regime

19th April 2021 Posted by - Alexander Accountancy

HMRC’s new points-based penalty regime for late submission and payment will start from 1 April 2022. The changes will apply in the first instance to

Read More

Repaying overclaimed SEISS grants

20th April 2021 Posted by - Alexander Accountancy

Self-employed individuals (including partnerships) who have overclaimed the Self Employed Income Support Scheme (SEISS) must pay back the overpayment

Read More

Exempt beneficial loans

14th April 2021 Posted by - Alexander Accountancy

An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference between the

Read More

National Minimum and Living Wage increases 1 April 2021

8th April 2021 Posted by - Alexander Accountancy

The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1 April 2021. The new rate for the NLW is £8.91 which is

Read More

Companies can claim super-deduction from 1 April

13th April 2021 Posted by - Alexander Accountancy

The new super-deduction tax break, that will allow companies to deduct 130% of the cost of any qualifying investment from their taxable profits, is

Read More