News

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…

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…

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.…

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…

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…

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…

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.…

From 1 January 2021, you will need to make customs declarations when exporting goods to the EU. These rules currently apply to exporting goods to the rest of the world,…