Government import and export grant now available
The government’s new SME Brexit Support Fund finally opened for business on 15 March. What do businesses need to know?
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Self-employed taxpayers warned over missing Class 2 NI credits
HMRC is warning some self-employed taxpayers to check their National Insurance (NI) records after an issue affecting Class 2 NI credits came to light. The problem could leave some individuals with gaps in their contribution record, potentially affecting their entitlement to the State Pension and other contributory benefits. What should you do?
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When is pensions advice exempt from tax?
You’re close to retirement age and want some professional advice on topping up your pension and a rough idea of how much you’ll have to live on in retirement. If your company foots the bill, will it qualify for the tax exemption?
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HMRC takes aim at side hustles
People with side hustles are the target of a HMRC press release reminding them of their potential tax obligations. Why has this been published now, and what are the key points to remember?
The scheme provides grants of up to £2,000 to help small and medium-sized businesses tackle the new admin requirements for imports and exports to and from EU countries, or movement of goods between GB and Northern Ireland.
A business can apply for a grant if it:
- has been established in the UK for at least twelve months or holds Authorised Economic Operator status
- has always met its tax or customs obligations
- has no more than 500 employees or an annual turnover exceeding £100 million
- imports or exports goods between GB and the EU, or moves goods between GB and Northern Ireland
- intends to complete import or export declarations internally for its own goods
- requires more capability to cope with imports or exports despite using the services of someone else to complete the declaration documents.
More information including how to apply for the grant is available here
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