National Insurance cut for employers of veterans

April 15th, 2021

A National Insurance contributions holiday for businesses who employ armed forces veterans comes into force 6 April 2021. The policy allows employers to claim National Insurance contributions relief for veterans they have hired during their first year of civilian employment after leaving the armed forces. Who qualifies? Employers will only be able to claim National […]

Lockdown rule changes 12 April 2021

April 14th, 2021

On 12 April, the rules that government has required us to follow to combat COVID-19, changed. From that date: non-essential retail will be able to reopen personal care premises such as hairdressers and nail salons will be able to reopen public buildings such as libraries and community centres will be able to reopen outdoor hospitality […]

Tax Diary April/May 2021

April 12th, 2021

1 April 2021 – Due date for Corporation Tax due for the year ended 30 June 2020. 19 April 2021 – PAYE and NIC deductions due for month ended 5 April 2021. (If you pay your tax electronically the due date is 22 April 2021) 19 April 2021 – Filing deadline for the CIS300 monthly […]

Challenges for 2021-22

April 8th, 2021

The new tax year starts 6 April 2021, and without dwelling too much on the historical trickery that has landed us with this odd commencement date, what are the challenges we will need to grapple with in the coming year? Keeping clear of COVID Pretty obvious really, no-one would willingly risk a dose of COVID-19 […]

New National Minimum Wage rates apply from 1 April 2021

April 7th, 2021

Employers who have employees paid at the National Living Wage (NLW) or National Minimum Wage (NMW) rates should be applying new rates of pay from 1 April 2021. In full, the increases from April 1, 2021 are: NLW (23 ) has increased 2.2%, from £8.72 to £8.91 NMW (21-22) has increased 2%, from £8.20 to […]

Small Business Brexit Support Fund

April 5th, 2021

Since 15 March 2021, smaller businesses can apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. The £20 million SME Brexit Support Fund enables traders to access practical support, including training for new customs, rules of origin and VAT processes. Small and […]

Furlough scheme changes from 1 July 2021

April 5th, 2021

The government has confirmed its intention that furloughed employees will be paid 80% of their wages for hours not worked under the furlough scheme. Up to 30 June 2021, this payment will be fully-funded by government and capped at £2,500 per month. From 1 July 2021, employers are required to contribute 10% of the 80% […]