HMRC

6
Apr

New Tax Year Changes

12 important tax year changes kick in today. They include Universal Credit, Personal Independence Payments and Jobseeker’s Allowance. Here are the changes coming into effect this month…   Tax allowance The Personal Allowance is currently set at £12,500 for the 2020/2021 tax year. In 2021/2022, the Personal Allowance will rise by 0.5 percent to £12,570. The income limit for the

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6
Apr

Increased Minimum Wage

Millions of workers in all parts of the UK will receive a pay increase as minimum pay rates rise, with the age threshold reduced to 23 year olds Around two million of the UK’s lowest-paid workers will benefit from an increase in National Living Wage and National Minimum Wage. The National Living Wage has risen to 2.2% to £8.91, and

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3
Mar

The Budget 2021

The Budget 2021 Today Chancellor Rishi Sunak announced the 2021 Budget in the House of Commons.  Below we have highlighted the key points of his announcement. “This budget meets the moment with a three-part plan to protect the jobs and livelihoods of the British people,” Rishi Sunak tells the Commons. “First, we will continue doing whatever it takes to support

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1
Feb

Getting your business fighting fit for 2021

So far, the new year has presented a variety of challenges for business owners. Nationally, trade has fallen as a result of the third lockdown, the number of furloughed employees has substantially increased, and the implications of Brexit have caused disruption to many supply chains - and all of this within a matter of weeks. With uncertainty still in the
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30
Nov

We Talk Tiers and HMRC Updates This December

With Lockdown coming to an end, we talk “Tiers” and the latest government updates this December.  The new Tier system comes into effect across the country on Wednesday 2nd December. We go through the key updates in a snapshot…   Sets out the local restriction tier system that will be in place from Wednesday 2 December, including what you can

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29
Sep

The Winter Economy Plan

  Here at Robinsons, we can help you check your eligibility and get you on board the scheme that works for you, and your business needs.  Speak to the team today and let’s get you back to business… Chancellor Rishi Sunak unveiled the government’s plan to protect jobs and support businesses over the coming months. With your business circumstances in mind

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6
Mar

The National Minimum Wage increases

  Minimum Wage increases The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules. There are different levels of NMW and NLW, depending on age and whether the employee is an apprentice. Minimum

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13
Jan

Current list of deliberate tax defaulters

Current list of deliberate tax defaulters HMRC publishes current list of deliberate tax defaulters, those people who have received penalties either for: deliberate errors in their tax returns or deliberately failing to comply with their tax obligations. Internet link: GOV.UK deliberate defaulters   ROBINSONS LONDON ACCOUNTANTS – ACCOUNTING DONE DIFFERENTLY At Robinsons we work hard to understand, communicate, interact, engage and, above

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13
Jan

Self assessment deadline approaching

Self assessment deadline approaching The deadline for submitting your 2018/19 self assessment return is 31 January 2020. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions (NIC), capital gains tax and High Income Child Benefit Charge liabilities. There

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13
Jan

Guidance on Structures and Buildings Allowance

Guidance on Structures and Buildings Allowance The latest HMRC Agent Update includes guidance on the Structures and Buildings Allowance (SBA). This capital allowance is designed to provide tax relief for businesses and to support investment in constructing new structures and buildings and improving existing ones. The SBA relieves the construction costs for new structures and buildings used for qualifying purposes

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