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Specialist Payroll Provider of the Year
FC Payroll Solutions is celebrating being named Specialist Provider of the Year at the leading industry awards for payroll professionals. With 38 staff based in Poole, Torquay and Truro, PKF Francis Clark’s commercial payroll bureau handles payrolls for more than…
Grandparents set to increase gifting following pandemic and families set to inherit more than expected
A pair of studies have revealed that UK grandparents are reconsidering their plans following the Coronavirus pandemic, which may mean that many families are set to inherit more than they expected to. A survey of 2,006 grandparents, carried out by…
Virtual Christmas parties eligible for £150 annual function exemption
HM Revenue & Customs (HMRC) has confirmed that virtual Christmas parties will be eligible for the £150 annual function exemption that employers often put towards in-person festivities at this time of year. Typically, employers can make use of the exemption…
HM Revenue & Customs issues Capital Gains Tax reminder
HM Revenue & Customs (HMRC) has issued a reminder of recent changes to Capital Gains Tax (CGT) to taxpayers and the impending deadline for reporting profits from sales of residential property in the 2019-20 tax year. Various changes to how…
HMRC publishes consultation on MTD for Corporation Tax
A new consultation has been published by HM Revenue & Customs (HMRC) which explores how the core principles of Making Tax Digital (MTD) can be applied to Corporation Tax (CT). Within the new consultation document, HMRC has made it clear…
Businesses face legal action over unpaid business rates
Local authorities have begun to take legal action against businesses that fail to pay their business rates bills. A new report from property consultancy Colliers has shown that an increasing number of businesses have begun to receive letters demanding payment…
Eat Out to Help Out compliance checks underway
More than 84,700 food and drink establishments took part in the Eat Out to Help Out (EOTHO) scheme, according to the Treasury’s latest figures. This resulted in 130,000 claims at the end of the scheme and is estimated to have cost…
Scammers are targeting Self-Assessment taxpayers, says HMRC
HM Revenue & Customs (HMRC) is calling on Self-Assessment taxpayers to keep a look out for scammers posing as the tax authority. HMRC has said that scammers are using calls, emails and texts to contact individuals in the run-up to…
HMRC updates Statutory Residence Test due to COVID-19
New guidance has been issued by HM Revenue & Customs (HMRC) which alters how the Statutory Residence Test (SRT) for tax will operate as a result of the COVID-19 pandemic. The latest COVID-19 guidance is likely to affect taxpayers' ability…
Companies House to scrap paper reminder letters
Companies House has announced that businesses will no longer receive reminder letters, as it seeks to end paper communications. Businesses across the UK have been receiving a notification letter by post letting them know that Companies House is withdrawing this…