Last Updated: 5 April 2021 Coronavirus Job Retention Scheme – EXTENDED UNTIL THE END OF SEPTEMBER 2021 (Previously March 2021) The government’s Coronavirus Job Retention Scheme (CJRS) has been extended until the end of September 2021. Key points regarding the extended scheme: Neither the employer nor the employee needs to have previously used the CJRS …
Self-Assessment Income Tax Self-assessment income tax payers will be able to defer tax payments to January 2022. This is an extension from that initially announced moving the payment on account due by 31 July 2020 to 31 January 2021. VAT The VAT cut for tourism and hospitality industries to 5% will be extended from January …
THE DISCRETIONARY GRANT FUND IS NOW CLOSED TO NEW APPLICANTS The Discretionary Grant Fund supports small and micro businesses that are not eligible for other grant schemes. Please note the scheme closes for applications at 5:00pm on 15 June 2020. Small and micro businesses with fixed property costs that are not eligible for the Small …
The Scottish Government have announced further Coronavirus funding for those who have recently started in self employment and have not been able to benefit from the other available Coronavirus business support schemes. If you live in Scotland and have started in self employment from 6 April 2019 onwards, you may be able to receive a …
Government support and guidance is continually being adjusted to reflect the seriousness of the health and economic impact. We will digest this information, cut through the noise and summarise the information for the self-employed and business owners.
We have moved to our fantastic new office premises. Our new office means we have additional space for training and meetings. It also offers an excellent work place to attract and retain a fantastic team to work with you. Also, it won’t be hard to find us, as we are just 50 metres away from …
Our April Newsletter includes information on the government consultation on a new Stamp Duty Surcharge, Contractors who potentially will face a huge tax bill, a probate revamp and the fall in apprenticeship starts. GOVERNMENT CONSULTS ON NEW STAMP DUTY SURCHARGE The Government is considering introducing a new stamp duty surcharge, which is designed to clamp …
Our first newsletter of the year brings you news about how businesses are dealing with the apprenticeship levy, the latest figures about UK spend on research & development, calls for Inheritance Tax to be digitised and calls for MTD rollout to be delayed.
How to plan and make a legally valid will.
Most people don’t like to think about their own mortality, but planning for the future is important to ensure your estate; property, money and possessions are distributed the way you intend.
Writing a legally valid will is an essential part of this, and can provide peace of mind for you and your loved ones.
Despite this, a study from YouGov found that 62% of the UK’s adult population did not possess a will in 2017. In fact, most people tend to put it off, with only 36% of 45 to 54-year-olds saying they have a will, compared to 67% of over-55s.
When asked why they hadn’t made a will, the main reason was simply that they “hadn’t got round to it yet”.
If you’re among the majority of people in the UK who haven’t drafted a will, this article covers why you need one, how to go about making one, and what could happen if you don’t.
The Chartered Institute of Taxation
The Association of Taxation Technicians
