Budget 2020: What does it mean for the Self-Employed?

EDIT: In the week following the budget, the chief secretary to the Treasury, Stephen Barclay, announced IR35 will be postponed until April 2021 to mitigate the risk Covid-19 presents to contractors and small business owners across the UK. In his…

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IR35 Review Results

IR35 Implementation Review Results

  On 27th February, the Government released the results of their review into the implementation of IR35 in the private sector. They engaged with affected stakeholders (both individuals and businesses) at 7 roundtable discussion events as well as receiving submissions…

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The Best Electric Company Cars for 2020

2020 is set to be an interesting year in the UK, even when it comes to buying a new company car! HMRC have announced that from 6th April 2020, drivers choosing a pure electric vehicle will pay no benefit-in-kind tax…

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Trivial Benefits: Tax-Free Treats for You and Your Team

  Introduced in April 2016, the Trivial Benefits legislation outlined which small benefits could be issued to employees without tax or reporting obligations. Trivial Benefits are often overlooked by small businesses but can be an effective way of boosting morale…

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Making Tax Digital for VAT

  Since April 2019, if you run a VAT-registered business and exceed the VAT registration threshold of £85,000 turnover, then you should be keeping digital records and using MTD-compatible software for sending VAT returns to HMRC. Luckily, if you are…

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