On Wednesday 27th October, all eyes will be on Chancellor Rishi Sunak, as he delivers his Autumn Budget. However, in an unusual move HM Treasury has released a number of funding announcements in advance of The Budget Speech. Critics have stated that the announcements are simply a ‘political PR exercise’, designed to soften the blow…
By Chris Photi – Head of Travel & Leisure at WHA It’s time for a holistic approach to financial protection that involves all parties dealing with customers’ funds. In our response to the Civil Aviation Authority’s request for consultation on the Air Travel Organiser’s Licence (ATOL) scheme, we have argued strongly for this change.…
Background Commencing 1st July 2021, the process for completing right to work checks on EU, EEA, and Swiss citizens has changed. As an employer, you will no longer be able to accept EU passports or ID cards as valid proof of the right to work. Going forward, all EEA nationals will be required to…
HMRC have recently announced a change to their IT back office systems. This change will affect VAT businesses that are not signed up to Making Tax Digital (MTD) for VAT, but also a small number of businesses who already are signed up. HMRC plan to decommission the VAT mainframe in 2022. As part of this…
As agents we have been informed that HMRC have recently sent an email to a number of established self-employed traders on 26 February 2021, asking them to prove that they are still trading, before they can claim the next two SEISS (Self-Employment Income Support Scheme) grants. Please note, as your taxation agents we would not…
Against the backdrop of a successful vaccine programme and the proposed forthcoming easing of restrictions, Chancellor Rishi Sunak delivered his Budget to an attentive nation. This Budget was prepared with the promise of ‘…support for people and businesses and families through the remaining stages of this crisis, but also to provide a long term recovery…
The Chancellor Rishi Sunak delivered the 2021 Budget this afternoon. His speech outlined his promise to continue to support of the economy, taxpayers and businesses during the remaining months of the pandemic. But the Chancellor also set out a long term recovery plan to “balance the books” after unprecedented support. The Chancellor stated that “our…
By Chris Photi, Head of Travel and Leisure at White Hart Associates An important new announcement in Germany could lead to UK businesses being forced to pay Value Added Tax (VAT) when supplying travel services in Europe. You may remember our blog from December, explaining that under a new UK version of the Tour…
At the outset of the COVID-19 crisis, one of the first support measures put in place by the Government was to grant businesses the option of deferring VAT payments for liabilities due between 20 March 2020 and 30 June 2020. We know many of our clients utilised this HM Revenue & Customs reprieve, and as…
By Nikki Spoor, Travel, Audit and Tax Director at White Hart Associates Overview A new VAT rule to combat fraud in the UK construction industry is eventually being introduced on March 1st and the estimated 150,000 small and medium sized businesses in the sector must prepare for major changes. The Construction Industry Scheme (CIS)…
