HMRC: New scheme for 2020 VAT deferrals

HMRC: New scheme for 2020 VAT deferrals

The announcement of the VAT Deferral New Payment Scheme will be a relief for many businesses. Here’s a look at what it is and what it means for you and your business. The pandemic affected most businesses last year. Due to this the UK Government announced a scheme to...
What is Inheritance Tax (IHT) and do I have to pay it?

What is Inheritance Tax (IHT) and do I have to pay it?

Inheritance tax is a tax on the estate of someone who has passed away. Their estate includes all property, possessions and money. This can result in your loved ones paying hundreds of thousands in tax when you die. However, there are ways you can mitigate this if you...
Changes to the furlough scheme this September

Changes to the furlough scheme this September

The Furlough Job Retention Scheme is changing this month as businesses will need to pay towards the wages of staff on furlough as of the 1st September 2020. The government will be reducing their contributions from 80% to 70% of an employee’s wage up to...
Eat out to help out

Eat out to help out

The world has started to open up, which has seen restaurants re-opening; our hungry bellies rejoice! With restaurants facing hard times throughout the coronavirus pandemic, the government have launched the ‘Eat Out to Help Out’ scheme. What does it involve? As it is...