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05 Dec 2020

Get prepared for the end of the Brexit transitional period

It is time to prepare for the end of the Brexit transitional period.

05 Dec 2020

Virtual Christmas parties will qualify for tax exemption

HMRC has confirmed that they will accept a virtual Christmas party as an event which is capable of falling within the tax exemption rules for annual functions.

05 Dec 2020

Gifts to employees can be tax-free

Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee.

05 Dec 2020

Minimum Wage Increases from April 2021

Increased minimum wage rates have been announced to take effect from 1 April 2021.

05 Dec 2020

Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 December 2020.

05 Dec 2020

Self assessment taxpayers warned to watch out for scammers posing as HMRC

HMRC is warning self assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline.

05 Dec 2020

HMRC confirms MTD for corporation tax to be mandated from 2026

In a new consultation HMRC has confirmed that Making Tax Digital for corporation tax will not be implemented until 2026 'at the earliest'.

05 Dec 2020

£1 million Annual Investment Allowance cap extended

The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.

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© 2020 Whitakers (South West) Limited. All rights reserved. We use cookies on this website, you can find more information about cookies here. Whitakers (South West) Limited trading as Whitakers. Registered Office: Bryndon House, 5/7 Berry Road, Newquay, Cornwall TR7 1AD . Registered company number: 08413422 Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Registration number: 5779674.
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