A lovely summers day, and I reluctantly  bring the news below but as the saying goes “forewarned is forearmed “ Some bad news from Court of Appeal Ruling regarding the definition of a vehicle when it has a second row of seats The difference in the taxable benefit arising from having a van, as opposed to a…

With, apologies  I realise that on the hottest day of the year inflicting you all lovely people with further tax updates is not fair !! , but these are important changes relating properties and they are not all bad !! SECOND HOME BUYERS AND BUY-TO-LET LANDLORDS WELCOME SDLT CUT Although the temporary increase in the Stamp Duty…

When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his Summer Statement on 8 July there were a number of areas that needed clarification. The reduction applies to supplies made between 15 July 2020 and 12 January 2021. HMRC have now set out more details of…

A short article on the Child Benefit Allowance which some of you will find very useful, especially for many the receipt of  Child benefit allowance has been an important source of income and especially under the current economic condition, so it is important to be aware of the rules and particularly during the current climate….

As to be expected there are lots of questions about the 5% rate and other items of announcements, so below are the updated explanations C19 BUSINESS NEWS UPDATE It has been a busy week with new Government initiatives on reduced VAT, updates to the Job Retention Scheme (CJRS), Eat to Help Out scheme and the…

8 JULY 2020 Dear All Some good news in a form of further government assistance, Four  months after his first Budget, the Chancellor has unveiled a summer economic update, with a commitment to encouraging job creation through a government ‘plan for jobs’ and stimulus for consumer spending, below is the short summary of the proposals,…

Me again !, this time it is not about Furlough, thanks god I hear you say, But bear with me it will be worth it especially if you are trading through a limited company and in the current difficult trading climate the company has incurred trading losses, this remedy will give you cashflow in a form of…

Some news regarding recent announcements which are worth looking into, we are here www.shaikhandcoaccountants.com ,and are easy to reach if you need help with any of these. From 1‌‌ July the new CJRS “Flexible furlough” grant scheme starts, which will allow employers to gradually bring their furloughed employees back to work part-time. The new scheme will be…

A very topical and important scenario which turns up time and again, so here is up to date tax position revisited and I can hear sounds of relief from some of you that is not  another Covid related article, you have my sympathy I feel the same way.  Rules regarding reduced rate vat relief on…

Some important news as at 18 June 2020,  regarding the normalisation of the vat payments going forward after the earlier deferment facility Businesses who have taken advantage of The deferral of VAT payments under the government’s COVID-19 support package are reminded that the scheme ends on 30 June 2020 this is an opportunity to remind…

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