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ACCA: Life after furlough

by | Jul 5, 2021 | ACCA, business issues, Covid19

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Advice for businesses on changes to the CJRS The Coronavirus Job Retention Scheme (CJRS) was announced on 20 March 2020 and has supported...

ACCA: Capital gains and chattels

by | Jun 28, 2021 | ACCA, capital taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts.  The content is (c) ACCA We take a look at the peculiar rules around exemptions and calculations Chattels are defined as ‘tangible moveable property’. A tangible...

ACCA: SME Brexit Support Fund

by | Jun 7, 2021 | ACCA, business issues, Covid19

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts.  The content is (c) ACCA Smaller businesses can apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the Eu The...

Accounting for SEISS grants

by | May 19, 2021 | business taxation, Covid19

We’ve had some queries about how SEISS grants are taxed.  Here is a summary. First they go on your return separately – in box 27.1 if you use the Short SA103, or box 70.1 if you use the full form.  See Tax returns forms updated for Covid grants Secondly,...