NEWS

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Year End Tax Planning

Year End Tax Planning

With the end of the tax year in sight, we’ve put together our top tips on how you can minimise your personal tax. ISA’s Cash ISA’s are savings accounts that you never pay tax on the interest arising. In a normal savings account, the first £1,000 will be tax free, but...

Bounce Back Loans

Bounce Back Loans

The Bounce Back Loan (“BBL”) scheme was introduced last year with the idea to help small businesses who would be struggling due to coronavirus.  So far over a million loans have been issued, and the government has recently announced some changes. BBL’s are 100%...

VAT Construction Reverse Charge

VAT Construction Reverse Charge

THE NEW VAT RULES FOR CONSTRUCTION SECTOR START ON 1 MARCH 2021 The new rules are called “the domestic reverse charge for supplies of building and construction services” and will impact on accounting for VAT for transactions in the construction sector. These new VAT...

CJRS Scheme – the FACTS!

CJRS Scheme – the FACTS!

We have put together some more information for any of you who have been using the furlough scheme already, or for those of you who feel you now need to use it going forward.  If you would like Leggate Associates to submit your claim on your behalf, please contact us....

Tax News – 5 November 2020

Tax News – 5 November 2020

Now we are going back into lockdown, the government has announced new plans to help those affected by not being able to work. The Coronavirus Job Retention Scheme (CJRS) This has been extended until 31 March 2021 which I’m sure is a relief to many. It was due to end...

Winter Economy Plan

Winter Economy Plan

In lieu of an Autumn Budget, the Chancellor recently announced his “Winter Economy Plan” which included further measures to protect jobs and the economy as it seems lockdown measures will be continuing for some time. Here is a recap of the main points. Job Support...

Kickstart Scheme

Kickstart Scheme

Can you offer a young person an opportunity within your business? From 3rd September, applications opened for businesses to join the new scheme introduced by the government called the Kickstart Scheme – the aim of which is to provide funding to employers to create job...

Tax News August 2020

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...

Coronavirus Tax and Support Update – June 4th 2020

Coronavirus Tax and Support Update – June 4th 2020

There have been some recent developments in terms of the support available to businesses during the ongoing coronavirus pandemic, particularly in respect of the Coronavirus Job Retention Scheme, commonly known as the “furlough” scheme. There has also been an extension...