Academies alert - Extended deadline for submission of academy trust financial statements
The ESFA have decided to extend the deadline for submission of academy trust financial statements for the year ended 31 August 2020 by one month. The deadline for submission is now 31 January 2021.
Former HMRC specialist joins Lovewell Blake's VAT team
Chartered accountants Lovewell Blake have appointed a former HMRC VAT expert to their specialist VAT team
Funder flexibility could help charities meet Covid challenges
Charities facing challenges caused by the Covid-19 pandemic may find a new flexibility on the part of funders who could come to their aid.
VAT Alert - Vehicle purchases
Many businesses purchase vehicles to support their day-to-day operations. Whilst it may be assumed that, as a vehicle is being acquired by a business to support their activities, the VAT incurred on the purchase costs would be recoverable, this is often not the case.
New Capital Gains Tax regime - Disposals of UK residential property
From 6 April 2020, UK residents disposing of UK residential property are required to report the disposal to HMRC and pay any Capital Gains tax liability within 30 days of the completion date. Residential property includes land that has held a dwelling at any time.
Second tranche of self-employments grants go live today
Applications for the second instalment of grants under the Self-Employed Income Support Scheme (SEISS) have opened today.
Job Retention Scheme Bonus
On 8 July 2020, the Chancellor announced his ‘Plan for Jobs’ outlining how the government will support the UK’s economic recovery.
Pension death benefits
In April 2015, the Government dramatically changed the taxation rules applying to pension scheme death benefits.