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Budget 2021 announced a successor loan scheme to support UK business recovery. Earlier coronavirus (COVID-19) loans, like the Bounce Back loan, closed to applications on 31 March 2021.

Ongoing change to the Coronavirus Job Retention Scheme (‘furlough’ scheme) and Self-employment Income Support Scheme (SEISS) creates the potential for inadvertent errors.

‘Bold and unprecedented’. That was the Chancellor’s description of the new 130% super-deduction for expenditure on new qualifying plant and machinery announced in the Budget. The headlines were that for every pound invested, tax is cut by up to 25p.

Welcome news for previously profitable businesses struggling with COVID-19 losses.

The Uber case on worker status, recently decided in the Supreme Court, has important practical lessons for businesses.

A few reminders for your diary through to July 2021.

Our latest charity newsletter has been published, you can download it here or sign up to receive future editions straight into your inbox.

Our latest newsletters have been published, you can download them here or sign up to receive future editions straight into your inbox.

With the Self-employment Income Support Scheme (SEISS) having been rolled out at pace, errors have crept into claims.

Many businesses will already have made use of their Business Tax Account (BTA), for example in connection with Making Tax Digital for VAT (MTD for VAT). But they may not have explored all the services on offer, so HMRC is currently encouraging all businesses to access their BTA and do just that.

A quick round-up of business changes and a useful tax tip.

Making Tax Digital. It’s at the heart of the government’s vision of a modern, transformed tax administration. With a consultation now running, Making Tax Digital (MTD) for corporation tax is on its way.