HMRC's latest Agent Update confirms that the 100% First Year Allowances (FYA) for business cars, zero-emission goods vehicles and equipment for gas refuelling stations will be extended from April 2021 until April 2025 after all. The measure had been omitted from Finance Act 2020.
HMRC have published their Employer Bulletin for December 2020. We summarise the key content for you, with links to our detailed guidance on the topics covered.
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Following a week of insolvencies, we review a couple of cases where the directors of failed companies have found themselves under attack by insolvency professionals. We have also made a handy summary of HMRC's Covid-19 compliance concessions.
Missed our SME Tax Web-updates in November? Here is a summary of the month.
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The Chancellor gave his Spending Review this week. The UK's borrowing is heading towards 100% of Gross Domestic Product (GDP). It sounds as if taxes may well be going up. Although not for a year or two.
The Chancellor, Rishi Sunak has made his Autumn 2020 spending review today. The UK's spending on the Coronavirus has reached £280bn to date.
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