Omicron support deadline fast approaching
Businesses in the hospitality sector in England had extra support made available in the wake of the Omicron variant in December 2021. However, time is fast running out to claim it. Who can claim and what should eligible businesses do?
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Government launches consultation package on HMRC powers and tax administration
The government has launched a wide-ranging package of consultations on tax administration, including proposals to strengthen HMRC's debt recovery powers, modernise tax agent regulation and expand the use of digital services. Several of the measures could have significant implications for taxpayers and advisers. What has been proposed?
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What are HMRC’s new procedures for export evidence?
HMRC has updated its guidance about the proof of export you must retain if you ship goods abroad and zero-rate the sales. How will the new guidance affect your business?
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Getting out of the child benefit tax trap
You expect to earn over £60,000 for this tax year which means you may have to pay back some or all of your family’s child benefit due to the high income child benefit charge (HICBC). Is it possible to reduce the charge?
Businesses that have been adversely affected by the Omicron variant can apply for a grant. The precise amount depends on the business’s rateable value, and can be up to £6,000. However, the claim must be made to the relevant local authority (LA) by 28 February - just eleven days away. Any business that has not yet made a claim should do so directly via their LA’s website. It's advisable to do this as soon as possible, as reports suggest that there have been significant delays receiving payments.
Information regarding eligibility is available here.
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