HMRC has revealed that more than one million taxpayers filed their late tax returns in February – taking advantage of the extra time to complete their self assessment without facing a penalty. About 12.2 million taxpayers were expected to file a return for the 2020/21 tax year and more than 11.3 million submitted their returns… Read more…

The government must overhaul motoring taxes as it phases out new diesel and petrol vehicles, according to MPs. MPs on the Transport Committee say the government must come up with new policy options by the end of the year. A ban on the sale of new diesel and petrol vehicles will be introduced by 2030,… Read more…

Following the decision by the Bank of England to increase the base rate, HMRC has confirmed that the late payment interest rate rose a quarter of a percent. The increase applies from 14 February 2022 for quarterly instalment payments and from 21 February 2022 for non-quarterly instalment payments. On 2 February 2022, the Bank’s Monetary… Read more…

A partnership agreement to establish two green freeports in Scotland has been reached between the Scottish and UK governments. The locations for the freeports have not yet been decided and there will be an application process with a view to setting up the freeports in 2023. Applicants in Scotland will be required to contribute towards… Read more…

Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities. Hospitality, leisure and accommodation businesses can still apply for one-off cash grants of up to £6,000 through the Omicron Hospitality and Leisure Grant scheme. The funding is made up of £556 million available through the Omicron Hospitality and Leisure Grant… Read more…

The?Statutory Sick Pay Rebate Scheme?(SSPRS) will close on 17‌‌‌ ‌March‌‌‌ ‌2022. The SSPRS was reintroduced by the government on 21 December 2021 for employers with fewer than 250 employees. The maximum claim per employee is two weeks at the statutory sick pay (SSP) rate of £96.35 per week (£192.70 in total), which is the rate… Read more…

The Chancellor must act at the Spring Statement or risk the UK economy drifting backwards to low growth, warns the Confederation of British Industry (CBI). The Spring Statement will take place on 23 March 2022. The CBI has set out a range of policies it says are aimed at sparking growth via business investment. These… Read more…

What’s your business goal for 2022? Whether it’s growing your sales, improving services or increasing efficiency, Xpert Technologies can help you get there. Our innovative software has been developed in partnership with Salhan Accountants and is completely free to their clients… no expensive licence fees here. Our objective is to help your business unlock the… Read more…

On average, businesses will receive 250 CVs for every position that they advertise. Working through these applicants in the hope of finding the ideal candidate can take valuable time and effort. It’s therefore important that companies screen their applications, allowing them to focus on a smaller but better suited pool of potential employees. With this… Read more…

HMRC has warned that businesses must declare any coronavirus (COVID-19) support grants or payments on their company tax returns and stated that the grants and payments are taxable. The deadline for filing company tax returns is 12 months after the end of the accounting period. The deadline to pay corporation tax will depend on any… Read more…