Taxman to raid frequent fliers

Nigel Holland “There is an increase in tax on the way based upon how HMRC aretreating the frequent flyer programme involving British Airways Avios pointssystem. The points could be taxed for the first time as HMRC launches a raid onthe popular frequent flyer...

Finance for businesses

Nigel Holland raises finance for businesses ” From time to time we are asked by clients how can they raise finance. There are various ways that this may be done and we have developed relationships with lenders who are able to point businesses in the right...

VAT Penalty alert

Nigel Holland “The changes to the VAT penalty regime are now in force. The regime is automated as many processes adopted by HMRC are these days. We have found that if there is a problem with a scheduled payment or VAT or submission of a return this problem may trigger...

New claims required for people working from home

HMRC has stated that, employees who are working from home will need to make new claims for tax relief for the 2021/22 tax year. Employers have been able to pay employees up to £6 a week tax-free from 6 April 2020, to cover additional costs if they have had to work...

Bounce Back loans sum to over £46 billion

Since the coronavirus (COVID-19) support scheme was launched last May, more than 1.5 million Bounce Back loans have been taken out. According to the Treasury, borrowing by businesses is now over £46 billion. The Coronavirus Recovery Loan Scheme is set to replace the...