News Archive
14/4/2022
Easement ends for employee home-office expenses
Existing rules prior to the coronavirus (COVID-19) pandemic provided Income Tax and National Insurance contributions exemptions, where employers provide employees with equipment to allow them to work from home. This rule remains in place.14/4/2022
VAT Reverse Charge For Construction And Building Services
VAT-registered construction businesses should note that this reverse charge came in on 1 March 2021. Revenue and Customs Brief 7 (2020) contains more information. In January 2021, a letter was sent to every VAT-registered construction business.14/4/2022
Rishi Sunak: Britain's Poorest Have Little Privacy Over Their Financial Affairs - The Chancellor Shouldn't Either
Chancellor Rishi Sunak has asked the prime minister's independent adviser to look into whether he properly declared his ministerial interests, after a week of headlines about his personal tax arrangements. The fast-rising politician, widely tipped as a future prime minister, must persuade voters there's no double standard in the way he manages his family finances alongside the nation's.14/4/2022
Important Change To Off-payroll Working Rules (IR35)
It has been one year since the off-payroll working rules (IR35) changed in the private and voluntary sectors. Detailed information is available on Off-payroll working (IR35), to help you understand the rules and operate them correctly. There will be some client organisations in the private and voluntary sectors who did not meet the size conditions.14/4/2022
Ukraine Produced A Lot Of Grain - Can Farmers Elsewhere Replace The Crops Lost To War?
Ukraine and Russia produce a substantial amount of grain and other food for export. Ukraine alone produces a whopping 6% of all food calories traded in the international market.
14/4/2022
HMRC Changes To Extended Loss Carry Back - 1 April 2020 And 31 March 2022 Extended By A Further Two Years
The extended loss carry back easement allows companies to make claims to carry back losses of accounting periods ending between 1 April 2020 and 31 March 2022 by a further two years. See full details at https://www.gov.uk/government/publications/extended-loss-carry-back-for-businesses Claims that exceed the £200,000 de minimis must be made in a Company Tax Return.14/4/2022
Boris Johnson Fined By Police Over Partygate - What Happens Next?
After months of dodging the issue, it appears that British Prime Minister Boris Johnson did in fact break his own emergency laws during COVID restrictions. The police have fined Johnson, his wife Carrie and - in a new twist to the story - Chancellor Rishi Sunak in relation to the partygate affair, which saw staff socialising in government buildings while the rest of the country was living under severe restrictions on their movements.14/4/2022
Making Tax Digital For VAT Is Coming To All VAT-registered Businesses
From April 2022, all VAT-registered businesses, regardless of taxable turnover, will be required to follow Making Tax Digital (MTD) rules. This means using MTD-compatible software to keep digital records and submitting VAT returns through Making Tax Digital for VAT.14/4/2022
Coronavirus (covid-19): Daily Data For Scotland - 13 April 2022
See photo for details..
14/4/2022
Free Tuition For Displaced Ukrainian Students
Costs covered from start of academic year. Displaced Ukrainian students settling in Scotland will be given access to free tuition and living cost support, subject to parliamentary approval.13/4/2022
Consumer Price Inflation, UK: March 2022 - CPI 7%
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 6.2% in the 12 months to March 2022, up from 5.5% in February. The largest upward contributions to the annual CPIH inflation rate in March 2022 came from housing and household services (1.49 percentage points, principally from electricity, gas and other fuels, and owner occupiers' housing costs) and transport (1.47 percentage points, principally from motor fuels and second-hand cars).
13/4/2022
Vacancies In January To March 2022 Rose To A New Record Of 1,288,000
The latest Labour Force Survey (LFS) estimates for December 2021 to February 2022 show the employment rate is unchanged on the quarter, while the unemployment rate decreased. Over the same period, the economic inactivity rate has increased slightly.
13/4/2022
Pay Levels Rising
A report from the Office of National Statistics shows the rise in pay levels. Median monthly pay Early estimates for March 2022 indicate that median monthly pay was £2,067, an increase of 6.0% compared with the same period of the previous year.
13/4/2022
Earnings And Employment From Pay As You Earn Real Time Information, Uk: April 2022
The Office for National Statistics report shows the increase in payrolled employees. Main points Early estimates for March 2022 indicate that the number of payrolled employees rose by 4.9% compared with March 2021, a rise of 1,376,000 employees; the number of payrolled employees was up by 1.9% since February 2020, a rise of 544,000.
13/4/2022
Housing And Household Services' Overall Contribution To The CPIH 12-month Inflation Rate At Its Highest Since January 2009
The Office for National Statistics report released today show a huge rising housing services costs. Figure 4 shows the contribution of owner occupiers' housing costs (OOH) and Council Tax to the Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate in the context of wider housing-related costs.
13/4/2022
New US Trade And Investment Envoys
Two new Trade and Investment Envoys have been appointed to promote Scotland's business interests to American markets. Building on the successes of the network, Suneil Mishra and Andy MacMillan join Scotland's global team of envoys who help to identify opportunities in new international markets.13/4/2022
Annual Pay Growth 5.4%
Office for National Statistics report shows latest pay levels. Main points for December 2021 to February 2022 Growth in average total pay (including bonuses) was 5.4%, and growth in regular pay (excluding bonuses) was 4.0% among employees in December 2021 to February 2022.
13/4/2022
Regenerating The Future Of Scotland's Town Centres
New measures to revitalise town centres and regenerate local economies have been published. In response to last year's review of the Town Centre Action Plan, a joint report by the Scottish Government and COSLA outlines actions to better embed a ‘Town Centre First' approach to meet the needs of communities and tackle climate change.13/4/2022
Prices Rising Faster For Almost Everything
The Office for National Statistics today published their latest report showing inflation is rising at the fastest rate for many years. Figure 2 shows the extent to which the different categories of goods and services have contributed to the overall Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate over the last two years.
13/4/2022
