The Treasury normally issue a bundle of tax consultation documents on Budget Day. This year however they chose to delay the publication until 3 weeks after the Budget. It was expected that the consultation documents would include major changes to CGT and IHT, but it would appear that these have been delayed again. The Treasury […]
In the March Budget it was announced that the normal one year carry back for trading losses would be extended to three years. This means that many businesses that have made losses during the COVID-19 pandemic may be able to obtain a repayment of tax paid in that three-year period. This enhanced carry back applies […]
In the Budget on 3 March the Chancellor announced a new 130% tax relief for expenditure on new plant and machinery incurred between 1 April 2021 and 31 March 2023. It has been clarified that the new tax relief is only available to limited companies and the latest Finance Bill reveals a nasty sting in the […]
The “off-payroll” working rules that apply to certain workers supplying their services to clients via their own personal service companies start from 6 April 2021. Under this new regime end user businesses will be required to determine whether that individual would have been treated as an employee or not if directly engaged. This will be […]
A new Business Rates relief fund of £1.5 billion for businesses affected by COVID-19 outside the retail, hospitality, and leisure sectors has been announced (25 March 2021) with targeted support delivered as appeals against rates bills on the basis of material changes of circumstance due to the pandemic are to be ruled out. The government […]
New rates for the National Minimum Wage and National Living Wage apply from 1 April 2021. Rates from 1 April 2021 These rates are for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age) from 1 April 2021. 23 and over […]
If you missed the full Bryden Johnson Budget Summary it can be found here. Bryden Johnson Budget Summary 2021 If you have any questions relating to matters in the Budget 2021 please contact us.
In the recent Budget, the chancellor has set out further support for the self-employed. In addition to the upcoming fourth grant there will also be a fifth SEISS grant covering the 5 months to 30 September. The chancellor has extended the scheme to include certain traders who were previously excluded. Thus, those who commenced self-employment […]
Workplace testing now available to all businesses, including those with fewer than 50 employees. Businesses are encouraged to register interest by 31 March to access free workplace testing. As part of the government’s roadmap to cautiously lift restrictions, businesses of all sizes, including those with fewer than 50 employees, can register from today to order […]
To mark International Women’s Day on 8th March we’ve been celebrating the many achievements of women in mathematics throughout history. There are many more stories and amazing women working now to increase the visibility of women in STEM, but hope these snapshots provide a little inspiration. Hypatia (c350-370 AD) Hypatia was a mathematician, astronomer and philosopher […]
