Top of the to-do list for many individuals is to make or update their will. Many think this is something to leave until later in life, but it is important…
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The Chancellor recently announced that the temporary increase in the Annual Investment Allowance (AIA) for expenditure on plant and machinery has been extended to 31 December 2021. The tax relief…
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New VAT rules are due to come into effect this March which will impact on accounting for VAT for transactions in the construction sector. These new rules, which were originally…
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For most taxpayers, the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual and by their employer.…
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Mainland Scotland is currently subject to tier 4 COVID-19 restrictions. Similarly to last year's support package, businesses will be eligible to place employees on furlough until the 30th of April…
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The Government has issued guidance on importing goods from the EU to Great Britain from 1 January 2021. The process for importing goods from the EU has changed. Businesses in…
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From 1 January 2021, if you are a UK-based business bringing or receiving goods from the EU, you must complete an import declaration to get your goods through customs. You…
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The process for importing goods from the EU has changed. Businesses in Great Britain need to complete the following actions to continue importing from EU countries from 1 January 2021.…
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