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Outcome of EU trade negotiations

Despite many expectations to the contrary, the Prime Minister, Boris Johnson announced on Christmas Eve that the UK and EU had agreed an EU trade deal after four and a half years of strenuous negotiations. This is the first agreement the EU has ever

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Changes to tackle CIS abuse

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. Businesses in the construction industry are known as contractors and subcontractors. Under the scheme,

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R&D tax relief for SMEs

There are two schemes for claiming R&D tax relief - the Small or Medium-sized Enterprise (SME) Scheme and the R&D Expenditure Credit (RDEC) Scheme for large companies. The SME scheme offers more generous reliefs to qualifying companies. The

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New Plastic Packaging Tax for 2022

The government announced plans as part of the Spring Budget 2020 measures to introduce new measures to tackle the scourge of plastic waste by introducing a new Plastic Packaging Tax. It has now been confirmed that the new tax is expected to come into

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More Red-Tape

True to predictions, Boris Johnson and his team achieved a trade deal with the EU to operate from 1 January 2021, and although there are generally no tariffs to pay on the movement of goods back and forth, this is far from free movement of

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Happy New Year

There really hasn’t been much to feel merry about during the recent holiday period. Lock-down and the need to socially distance has kept many of us under virtual house arrest. Thankfully, the recent announcement that the Oxford vaccine has been

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Tax Diary January/February 2021

1 January 2021 - Due date for Corporation Tax due for the year ended 31 March 2020. 19 January 2021 - PAYE and NIC deductions due for month ended 5 January 2021. (If you pay your tax electronically the due date is 22 January 2021) 19 January 2021 -

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Too good to be true?

Right now, any reference to a return to 2019 trading conditions seems to echo the title of this short article, too good to be true. Common sense tells us that we are unlikely to emerge largely, COVID-free until the end of 2021 and additionally, many

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Sharing costs

Independence is a cultivated concern. We all want to be self-sufficient. In a business environment this might manifest as having a separate Wi-Fi source even though it may be possible to share Wi-Fi with a number of business neighbours and divide

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