by Paul Whyatt | Mar 9, 2021 | News, Personal Tax, Taxation
Chancellor Rishi Sunak made his Budget speech on 3 March 2021. Clearly, much has changed due to COVID 19. The UK economy has shrunk by 10% and we have the highest borrowing since WW2. The total cost of Government support during the crisis will be £407...
by Paul Whyatt | Feb 17, 2021 | Business Advice, Business Start-up
Intellectual Property (IP) is an intangible asset. It is created by people when developing new products, services and processes, or when improving existing ones. Obvious examples are inventions and original designs. But IP can also be words, phrases, symbols and...
by Paul Whyatt | Feb 16, 2021 | Business Start-up, Taxation
When a business registers for VAT, it’s important to know that you can claim for VAT incurred before the effective date of VAT registration (the ‘EDR’). This VAT is known as ‘pre-registration input VAT’. The amounts involved can add up to a significant sum. If...
by Paul Whyatt | Nov 26, 2020 | News, Personal Tax, Taxation
For a long time, it’s been possible for employers to treat their employees to a Christmas party or other annual function (e.g. Summer BBQ), without the employee being subject to tax on the value of the benefit. Given COVID, holding a Christmas party at a pub,...
by Paul Whyatt | Nov 9, 2020 | Business Advice, News
The CJRS, known as the Furlough scheme, will now continue until 31 March 2021. As a result, the Job Support Scheme (JSS), which was due to start on 1 November 2020, has been postponed. Also, the Job Retention Bonus, which was due to be paid in February 2021, has...
