Budget Newsletter 2021

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01/11/2020
Covid-19: Job Support Scheme
The Chancellor originally announced details of the new Job Support Scheme (JSS) in his Winter Economy Plan, and the details were subsequently updated in a statement on 22 October 2020. The JSS is the main employment support scheme, which was due to take Read More...
 
Covid-19: SEISS and business grants update
Millions of self-employed individuals have been eligible to receive direct cash grants through the government's Self-Employment Income Support Scheme (SEISS), to help them during the coronavirus outbreak. Read More...
 
The 'new normal' for Christmas parties?
As we approach the end of the year, thoughts may be turning towards upcoming Christmas celebrations and the like – although this year, the traditional work’s Christmas party is likely to look very different. Whilst the tax legislation does not include a s Read More...
 
HMRC review of import VAT deducted as input tax by non-owners
HMRC have recently clarified the correct treatment for the deduction of import VAT paid by a taxable person who is not the owner of the relevant goods. Following the publication on HMRC Brief 2 (2019), which restated the long-standing policy of who is en Read More...
 
November questions and answers
I am self-employed and my business has been struggling this year due to the coronavirus. I opted to defer my 31 July 2020 tax payment but I’m worried that I will not have the cash to pay the whole amount by the end of January 2021. What can I do? The gov Read More...
 
November 2020 Key tax dates
1 - Due date for payment of Corporation Tax for the year ended 31 January 2020 2 - Last day for car change notifications in the quarter to 5 October - Use P46 Car 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/11/2020 Read More...
 
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