Companies House Forms
Nigel Holland " Regular publications are issued by the Government. This was happening during the lockdown and will continue as the lock down comes to an end.Holland & Co have subscribed to these news letters in addition to other important publications which are...
Move back to normality
Nigel Holland " A number of businesses have been given the go ahead to open on 4 July by the Government. These include restaurants, hairdressers, hotels, pubs and other businesses.Seating will need changing, customers urged to book in advance.Covid 19 risk assessments...
Call for reduction in Tax
Nigel Holland " A number of people are now calling for a reduction in tax to stimulate the economy. This may be introduced by a cut in VAT or a cut in income taxes or corporation tax.Such a cut would be likely to stimulate the economy in the short term but in the long...
More Spending
Nigel Holland "The Bank of England will pump £100bn into the economy and yet the policy makers believe that the hit to the economy will be "less severe" than originally feared.This comes off the back of news that the UK's debt is now worth more than its economy.Also a...
Tax on Children
Nigel Holland " Children are liable to pay tax on savings. They have the same income tax allowance as adults. But they are able to earn £18,500 tax free in 2020/21.In almost all cases this is irrelevant because children generally do not earn money."Nigel Holland Do...
Tax on company cars
Nigel Holland " There is a benefits in kind tax on the use of company cars. A PIID form needs to be submitted to HMRC.One tip is to get a car which has low CO2 emmissions."Nigel Holland You’ll pay tax if you or your family use a company car privately, including for...
Inflation falls further
Nigel Holland " Inflation has fallen even further to 0.5%. When you think about it 0.5% is incredibly low. I remember the Thatcher years when it was 14% in 1979, this was after periods of 20% plus in the late 1970s.Today's rate is very low by comparison. In my opinion...
600,000 more out of work
Nigel Holland " These are very serious times. The ONS figures show that a lot of people have lost their jobs. This does not include the 9.1 million people who have been furloughed. There is a good chance that some of the furloughed people have also lost their jobs but...
Government Guidance
Nigel Holland "The guidance from the Government is quite involved and needs to be studied carefully. It is easy for business people to fall foul of the rules which are changing constantly."Nigel Holland Guidance to help employers, employees and the self-employed...
Update on Government Support
Nigel Holland " It is important that all businesses keep up to date with these changes as they are announced by the Government.Today is the day that a lot of businesses will be reopening although many of them sadly will be forced to close because of insolvency."Nigel...