Tax News August 2020

As lockdown continues to ease over most of the country, we thought we would bring you up to speed with all things tax. VAT deferral scheme The VAT payments deferral scheme came to an end on 30 June 2020.  If you were one of the VAT registered businesses that deferred...

Leggate Associates Newsletter – 6 July 2020 – Flexible furlough

From 1st July “Flexible Furlough” came into effect which allows more flexibility in re-introducing your staff back to the workplace.  It is designed to kick start the economy and re-open the UK. The scheme allows you to bring employees back to work on a part-time...

NHS Pensions ‘Tax Trap’

Following representations from a number of bodies, and as a result of a steep increase in waiting list times, the government has announced that it plans to review the pension rules which are causing a crisis in the NHS, just weeks after ruling out any discussions....

Brexit – things to consider for your business

Brexit On 29th March – Brexit will happen, or something will happen, or not.  Who knows? But every business will be affected in one way or another by Brexit or at least the uncertainty surrounding it. The following must not be read as a pro or anti- Brexit – just...

Workplace Pensions

From 6 April 2019, the minimum amounts that both employers and employees must pay into the automatic enrolment pension scheme will increase.  These changes are as follows: Currently, an employer is required to pay a minimum of 2% with the employee adding 3% to make an...

HMRC consult on BIK changes

Following the recent consultation covering the taxation of employee expenses (as announced in the Autumn 2017 Budget), draft Finance Bill 2018-19 contains proposals to amend some of the existing rules concerning travel and subsistence payments. BSRs and OSRs...