January 2021

New £1,000 incentive to employ young people

Companies who employ young trainees can now apply for a £1,000 government grant to help them with employment and training costs. The new scheme will support young people to gain the skills and experience they need, helping them to get a job, an apprenticeship or pursue further study, the government said. The cash boost is available until 31 July 2021.

Read more

Read more

HMRC extends self assessment filing deadline

Self assessment taxpayers will not receive a penalty for late filing of their online tax return if they file by 28 February, HMRC has announced. Taxpayers still have to pay their bill by 31 January, and interest will be charged from 1 February on any outstanding liabilities. Taxpayers who cannot afford to pay their tax bill on time can apply

Read more

Read more

FCA updates guidance on mortgages repossessions

The Financial Conduct Authority (FCA) has published its finalised guidance on mortgages and consumer credit repossessions, which follows the overall approach of the draft guidance. For mortgages, FCA is extending the recommendation that firms should not enforce repossessions, except in exceptional circumstances, before 1 April 2021. For consumer credit, the guidance now says that firms will be able to repossess

Read more

Read more

Consultation on MTD for Corporation Tax

HMRC has made its consultation on Making Tax Digital (MTD) for Corporation Tax (CT) more accessible for small firms. It said: “We have now launched a streamlined online version of the consultation for small businesses. This provides a fast and accessible opportunity to review key summarised sections of the consultation and answer short questions to provide feedback on those areas.

Read more

Read more

Friday Roundup Podcast 29th January 2021

The news from the week ending 29th January 2021 Simon Jordan – Marketing Below are the notes from the podcast Simon In this week’s Friday Roundup, we’re talking about the latest coffee morning with our guest speakers Patrick Williams from Armalytix demonstrating his software which allows you to look at a client’s bank statements online and Julien Tavener from Alternative Business

Read more

Read more

Accountex London 2021 postponed

The organisers of Accountex London, the UK’s largest accountancy and finance showcase, have announced the show has been postponed again. The conference and exhibition will now take place at ExCel London on 11-12 May 2022. Accountex Summit North to still planned to take place on 21 September 2021 at Manchester Central. Event director Zoe Lacey-Cooper said: “Although there are positive

Read more

Read more

Time for a ‘Working from Home’ tax?

Those working from home should be taxed to help support those whose jobs are under threat, says Deutsche Bank in a new report. Economists at the bank have said an additional tax of 5% on workers’ salaries should be added to those who opt to work from home. Such a tax in the UK would generate a pot of £6.9

Read more

Read more

Big changes to filing deadlines could be on the horizon

Major changes to the way companies file tax returns and accounts could be on the cards after the government launched a consultation on the issue. The Department for Business, Energy and Industrial Strategy (BEIS) is exploring how in future companies might be able to file accounts only once with government, instead of separately to Companies House, HMRC and other agencies.

Read more

Read more

HSBC to close 82 branches in 2021

HSBC UK is to almost 15% of its branches in 2021, reducing its estate by 82 to 511. The closures will be phased throughout the year. Of the branches closing, 81 are within one mile of a Post Office, where customers can carry out day-to-day transactions, two-thirds are within five miles of another HSBC branch and nine in 10 are

Read more

Read more