What is a recession?
Well we know it’s not a good thing, as it’s uttered in such solemn tones – but what does ‘being in a recession’ actually mean? A little bit of economics When a country’s economy is [...]
August 2020
HMRC reminds businesses to have their say about their ‘plastic tax’ proposal
Due to the COVID-19 emergency, HMRC pushed back the consultation period deadlines on most other policy proposals. Now some of the revised deadlines are coming round. HMRC wrote to industry organisations last week to remind [...]
July 2020
HMRC making it safer to buy cryptocurrencies
HMRC have announced a consultation period for new proposals aimed at making it safer to buy financial products and ‘cryptoassets’. This is the government’s term for what is otherwise known as ‘cryptocurrency’, like Bitcoin and [...]
Help for local councils going bust because of COVID-19
The impact of COVID-19 and the measures necessary to bring it under control have been the final straw for many UK councils. In June, 173 councils have participated in a BBC investigation into their financials. [...]
What will Capital Gains Tax changes mean to you?
On 13th July, Chancellor Rishi Sunak wrote to the Office for Tax Simplification (OTS) asking them to review the current Capital Gains Tax regulations. What could the consequences be? What is Mr Sunak actually asking [...]
HMRC move fast on furlough fraudsters
The first arrests for defrauding the Coronavirus Job Retention Scheme (CJRS) have been made. What details do we know so far? On 8th July, a 57 year old man was arrested in Solihull, West Midlands, [...]
Primark won’t need HMRC’s new Coronavirus Job Retention Bonus
Primark has said that it won’t need the new Coronavirus Job Retention Bonus Scheme money for its 30,000 UK employees. What Job Retention Bonus Scheme? In his Summer Statement, Chancellor Rishi announced a new Job [...]
Do I pay UK tax on cryptocurrency?
Cryptocurrencies, like Bitcoin and Ethereum, are not subject to UK tax when you buy them. They are treated as ‘cryptoassets’ by HMRC, which means that you might have to pay income tax or Capital Gains [...]
The mini budget: 8 key points you need to know
Chancellor Rishi Sunak announced extra measures to counteract the impact of COVID-19. This Summer Statement covers a raft of different areas of our lives. We’ve assembled eight key areas that are likely to be relevant [...]
June 2020
Fancy some free Google Advertising credits? Google are giving away £25m worth
Google have announced their contribution to the UK’s COVID-19 recovery. Its headline item being a huge amount of free advertising that will be available to SMEs and charities across Britain. They are also investing in [...]