Increased price for single-use plastic bags across the UK
As Part of a larger scheme to reduce the use, and waste, of plastic across the UK, the government how introduced a further mandatory increase in the prices of plastic bags. This increase was introduced on 21 May and has raised the prices of single-use plastic bags from 5p to 10p. Although seemingly insignificant, since […]
SEISS: should you change your accounting date to save tax?
The SEISS allowed self-employed individuals and partnerships to receive taxable grants if their business has been adversely affected by the coronavirus pandemic. The first three grants were given in the tax year 2020/2021, although the profits which the SEISS grants substitute for might have been taxed in a later year. This means that even though […]
Forces Help to Buy: help to get on the property ladder
Forces Help to Buy: help to get on the property ladder. This article summarizes the details of the Armed forces help to buy. This is a pilot scheme that was launched in April 2014 and assists regular armed forces personnel to get onto the property ladder. The scheme has now been extended to 31 December […]
Ready for a SEISS Challenge: Information about Penalties and Claims
As coronavirus support undergoes HMRC scrutiny, we summarise the checks and possible sanctions the self-employed need to look out for when applying for the latest self-employed income support scheme grant (SEISS). The Treasury has provided HMRC with substantial resources to recover wrongly claimed coronavirus support payments, expecting to recoup over a third of grants made. Proving […]
SEISS Fourth Grant – Am I Eligible & How Much Can I Claim?
If you are self-employed and your business has been negatively impacted by the covid-19 pandemic, you could be eligible for the fourth grant of the Self-Employment Income Support Scheme. To make your claim for the fourth grant, you must do so on or before 1 June 2021. This grant will cover the period […]
NR Barton Announce A New Member To The Board of Directors
NR Barton are proud to announce the promotion of Jonathan Mackie to the board of directors from 6 April 2021. Jonathan qualified as a chartered accountant in 2014 after studying for a Maths degree at the University of Manchester. Jonathan joined NR Barton in December 2017 and began working on modernising and digitalizing internal […]
Budget 2021 – Super Deduction
Introduction: Rishi Sunak has announced a “super-deduction” for investment in new plant, machinery and equipment (PME). Essentially, this is an enhanced form of capital allowances. For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. This results in a tax saving […]
HMRC announce changes to the penalties for late submissions
Introduction: The government are reforming sanctions for late submission and late payment. The changes will initially apply to VAT and Income Tax Self-Assessment (ITSA). The late submission penalties will apply to those who fail to meet their obligations to provide returns and other information requested by HMRC on time. However, you will no longer receive […]
Are you aware of the help and support available for the construction industry?
If you work within the construction industry, there are a number of online resources available to ensure that you are up to date with everything which you need to know. This includes a free course which will update you on things such as: Support available during coronavirus National Insurance contributions The Construction Industry Scheme (CIS) […]
The Kickstart Scheme UK – All That You Need To Know
What is the kickstart scheme and how does it work? The Kickstart Scheme provides funding to create new job placements for 16 to 24 year olds who are on Universal Credit and at risk of long term unemployment. Employers of all sizes (including start-ups) are able to apply for the funding which covers: 100% of […]
