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HMRC tightens CIS rules

New rules will apply from April 2021 to make the Construction Industry Scheme (CIS) tougher. As a contractor or subcontractor in the industry what do you need to know? Tax changes. 2021 is shaping up to be a tough year for the construction industry. In addition to the...

Is gym membership tax deductible?

A colleague told you that a recent ruling by a Tribunal means that you might be entitled to claim a tax deduction for your gym membership. This contradicts HMRC’s long-standing guidance. Who is right? Wholly and exclusively tax deductions You probably know that tax...

Employment allowance trouble

Problems with HMRC’s NI system are impacting employers who are receiving incorrect demands. What’s the issue and how should you respond if you receive a bill from HMRC? EA problem factors. Changes to the employment allowance (EA) rules and other factors seem to have...

CORONAVIRUS – GRANT INCOME

Tax treatment of local authority grants Under the coronavirus special measures, local authorities can help businesses with Small Business Grant Fund (SBGF) and Retail, Hospitality and Leisure Grant Fund (RHLGF) payments. If your business receives such a grant must it...