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Financial news and updates for small business owners

Changes to EMI working time arrangements

Changes to EMI working time arrangements

Temporary changes to EMI working time arrangements will ensure that individuals who are furloughed or who have their working hours reduced below the current statutory working time requirement for EMI as a result of coronavirus (COVID-19) will retain

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Vehicles parked on pavements

Vehicles parked on pavements

An ongoing issue for motorists is the need to have two tyres on the pavement to avoid unduly restricting road space for wider vehicles and emergency services in narrow streets.

Unfortunately, this can have knock on effects for parents with buggies

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Property income split for couples

Property income split for couples

As a general rule, the fall-back position for couples who live together with their spouse or civil partners is that property income – where the property is owned in joint names – is divided 50:50. This is regardless of the actual ownership structure.

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Government legal department numbers open to fraud

Government legal department numbers open to fraud

The Government Legal Departments (GLD) is warning that its general enquiry number (020 7210 8500) and switchboard number (020 7210 3000) are being used by fraudsters to try and extract money from members of the public.

In most of the reported cases,

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New payments for people self-isolating

New payments for people self-isolating

The government has announced the launch of a new trial scheme that will pay people on low incomes who need to self-isolate and are unable to work from home. The trial will start in Blackburn, Darwen, Pendle, and Oldham to ensure the process works.

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Tax and divorce

Tax and divorce

When a couple is in the process of becoming separated or divorced it is unlikely that they are thinking about the tax implications of doing so. However, it is important that the tax consequences of the break-up are properly considered.

Whilst Income

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Changes to VAT partial exemption

Changes to VAT partial exemption

HMRC has updated its guidance on the VAT partial exemption treatment relevant to businesses who supply goods by way of hire purchase agreements. A policy paper entitled Revenue and Customs Brief 8 (2020): change to partial exemption VAT treatment was

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Lost your tax reference number?

Lost your tax reference number?

Your unique taxpayer reference (UTR) is the primary identifier for tax purposes. The number is also sometimes known as your taxpayer number or tax reference number and should be used whenever you contact HMRC or when you file your tax returns. The

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New advisory fuel rates published

New advisory fuel rates published

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse employees for business travel in their company cars or where employees are required to repay the cost of

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Factsheets

We also have a range of factsheets on different topics which you can browse and download.

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