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Monthly Tax News – June 2021

BEWARE MINI-UMBRELLA COMPANY FRAUD HMRC are urging businesses to look out for the use of mini-umbrella companies (MUCs) to pay contractors supplying their labour via agencies and other intermediaries. Businesses need to be aware of the financial and reputational risks of such entities in their labour supply chain and carry out due diligence to minimise […]

Monthly Tax News – May 2021

DETAILS OF LATEST CJRS “FURLOUGH” GRANTS The fourth version of the CJRS “furlough” grant scheme starts on 1 May 2021 and will run until 30 September with employees affected continuing to be supported such that they are entitled to be paid at least 80% of their “usual pay” subject to a limit of £2,500 a […]

Monthly Tax News – April 2021

NEW PERSONAL SERVICE COMPANY RULES START THIS MONTH The “off-payroll” working rules that apply to certain workers supplying their services to clients via their own personal service companies start from 6 April 2021. Under this new regime end user businesses will be required to determine whether that individual would have been treated as an employee […]

Monthly Tax News – March 2021

PRE-BUDGET EDITION We will send you a further newsletter following the 3rd March Chancellor’s Budget. It will be interesting to see if there are any tax increases, or will he focus on stimulating economic growth? GET READY FOR THE “OFF-PAYROLL” WORKING RULES Where large or medium-sized organisations are paying workers via personal service companies (PSC) […]

Monthly Tax News – February 2021

We hope you enjoy reading this newsletter and find it useful. Contact us if you wish to discuss any issues further. Stay safe during this difficult period. BUDGET DAY IS 3 MARCH There has been a lot of speculation on what will be in Rishi Sunak’s second Budget in early March and whether there is […]

Monthly Tax News – January 2021

We hope you enjoy reading this newsletter and find it useful. Contact us if you wish to discuss any issues further. Stay safe during this difficult period. NEW YEAR RESOLUTIONS TO SAVE TAX At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax […]

Monthly Tax News – December 2020

We hope you enjoy reading this newsletter and find it useful. Contact us if you wish to discuss any issues further. Stay safe during this difficult period. CLAIM YOUR “FURLOUGH” GRANT BY 14TH We now have further details of the operation of the extension of CJRS “furlough” that will apply from 1 November 2020 through […]

Monthly Tax News – November 2020

We hope you enjoy reading this newsletter and find it useful. Contact us if you wish to discuss any issues further. Stay safe during this difficult period. “FURLOUGH” SCHEME EXTENDED AT 80% USUAL PAY On 22 October the Chancellor announced that the CJRS “furlough” scheme would end on 31 October 2020 to be replaced by […]

Monthly Tax News – October 2020

We hope you enjoy reading this newsletter and find it useful. Contact us if you wish to discuss any issues further. Stay safe during this difficult period. JOB SUPPORT SCHEME STARTS 1 NOVEMBER The Chancellor has announced a new 6 month Job Support Scheme to help businesses and employees survive the winter months. We are […]

Monthly Tax News – May 2020

We hope you enjoy reading this newsletter and find it useful. Contact us if you wish to discuss any issues further. Stay safe during this difficult period. NEW “FURLOUGH” SYSTEM FOR EMPLOYEE WAGES UP AND RUNNING The Coronavirus Job Retention Scheme (CJRS) claims portal opened on Monday 20 April and early indications are that it […]

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© 2022 Pennington Williams - Chartered Accountants