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 […]
UK government has made changes to the plug-in vehicle grant scheme
As public awareness of the damages caused by motor vehicle pollution increases, a growing number of the population are looking to switch to electric, or hybrid, vehicles. Even for those who are not particularly environmentally conscious, switching to an electric vehicle has become more attractive due to government plans of stopping fossil-fueled car sales by […]
£20 million Brexit support for small and medium sized businesses
The UK officially leaving the EU has resulted in a number of new customs and tax rule changes when trading with the EU. As such, from 15 March 2021, smaller businesses are able to apply for grants of up to £2,000 to help them with the adaption process. This comes as part of the £20 […]
The Stamp Duty Land Tax Holiday Ends 30 June 2021
In his spring budget review, the Chancellor, Rishi Sunak announced a 3 month extension to the Stamp Duty Land Tax Holiday. However, this is due to end on 30 June 2021 which is rapidly approaching. This article summarises the details of the Stamp Duty Holiday so that you can take advantage of it while it’s […]
