News

Here is a selection of news articles from Lovewell Blake, click through to find out more

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Summer holiday Tax-Free Childcare reminder

17.06.2021
Shaun Davison
Tax
2 min read

With the summer holidays approaching, HM Revenue & Customs (HMRC) are reminding working families that Tax-Free Childcare top-ups can be used to help pay for childcare costs, such as accredited holiday clubs, childminders, or sport activities.

Employment allowance for small charities

16.06.2021
Rebecca Frost
Charities
1 min read

Small charities with employees are often unaware that they are eligible for the Employment Allowance. This enables them to reduce their annual National Insurance liability by up to £4,000, so long as their total NI liabilities were less than £100,000 in the previous tax year. Unincorporated charities and Community Action Sports Clubs are also eligible.

Advisory fuel rates for company cars

11.06.2021
Brian Floringer
Tax, News
2 min read

New company car advisory fuel rates have been published and took effect from 1 June 2021.

Forms P11D - reporting employee benefits

11.06.2021
The Marketing Team
Tax, Payroll
1 min read

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2021, are due for submission to HMRC by 6 July 2021. The process of gathering the necessary information and completing the forms can take some time, so it is important that this process is not left to the last minute.

Trade credit insurance scheme to close

11.06.2021
The Marketing Team
COVID-19
2 min read

The temporary Trade Credit Reinsurance (TCR) scheme that helped struggling supply chain firms secure insurance protection during the pandemic will close at the end of June, it has been confirmed.

Effectiveness of OTS set to be reviewed by Treasury

11.06.2021
The Marketing Team
Tax
1 min read

The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the independent body responsible for helping to make the UK tax system simpler and easier to interact with for taxpayers.

Government confirms start date for Plastic Packaging Tax

11.06.2021
The Marketing Team
Tax
1 min read

The UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022.

NIC reliefs set for Freeports

11.06.2021
The Marketing Team
2 min read

Freeport operators will be able to take advantage of a zero rate of secondary national insurance contributions (NICs) for employees, the government has announced.

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