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The government is planning to re-establish freeports in the UK as part of its plans to boost the country’s economy following Brexit. However, these Special Economic Zones have gained importance as part of the business recovery from the coronavirus (COVID-19) pandemic. They will have different customs rules to the rest of the country and the government wants them to become innovation hubs, attracting inward investment.

The Annual Investment Allowance (AIA) provides a tax write-off against profits for expenditure incurred on plant and machinery by businesses and owners of commercial property. 

Many businesses turned chameleon during Covid-19, changing core business to adapt. But whether you’re a florist making face masks or a farm shop starting home deliveries, what about tax?

From 1 January 2021, the UK will operate a full external border with the EU. 

The Corporate Insolvency and Governance Act 2020 puts in place a series of measures amending insolvency and company law.

The Winter Economy Plan brings change to the small print on the government’s temporary Covid-19 loan schemes.

A few reminders for your diary through to January 2021.

Our latest round-up including the Job Support Scheme, the Job Retention Bonus, COVID-19 grants and furlough.

Cancelling the autumn Budget, the government has outlined instead a ‘Winter Economy Plan’.

Making Tax Digital for VAT (MTD for VAT) has been effective for businesses with turnover above the VAT threshold of £85,000 since April 2019. HMRC recently outlined its next steps, including the introduction of Making Tax Digital for Income Tax Self Assessment. Here, we consider the plans.

Latest advice and guidance for income tax and VAT.

On Thursday 24 September Chancellor Rishi Sunak provided some details of the government’s plan to protect jobs and support businesses over the coming months. We set out the main announcements below.