5th self employed grant opens

5th self employed grant opens

5th self employed grant opens for applications Table of Contents HMRC has confirmed that applications for the fifth grant for Self Employment Income Support Scheme is now open for online submissions. The fifth grant can be claimed if you think that your business profit will be impacted by coronavirus between 1 May 2021 and 30…

Tax on subsidised workplace meals

Tax on subsidised workplace meals

Tax on subsidised workplace meals If you, as employer, provide your staff with a meal halfway through their shift, would that be a taxable benefit? If a free or subsidised meal is provided to employees by their employer there may be tax relief by exemption or by deduction. This includes the following: if the meal…

Weekly update

Weekly update 16 July 2021

Weekly update 16 July 2021 Welcome to the latest edition of our weekly update. Self-employed The self -employed individuals claiming the fifth grant, you need to meet the criteria in three stages and work out two turnover figures for HMRC to calculate your entitlement. Self-employed grant: Fifth grant turnover test To make your claim, you…

Convictions & sentences July 2021

Fraud Convictions and sentences July 2021

Fraud convictions & sentences: July 2021 Table of Contents Bookkeeper jailed for £2.1m VAT fraud Croydon based booker arrested at Heathrow Airport for £2.1m claim of fraudulent VAT repayments Fraudster received a £1.6m pay out from fraudulent transactions. He spent £411,000 on luxurious cars, £149,000 on flights, £112,000 on foreign exchange and £131,000 to pay…

VAT updates- July 2021

VAT updates: July 2021

VAT UPDATE – July 2021 Table of Contents Are all the liquid meals zero rated? HMRC has issued R&C Brief 6 (2021) concerning its policy in respect of the zero rate for foods, and how this interfaces with the standard rate exception for ‘beverages’. It is notable that defining ‘beverage’ has been a preoccupation with…

Right to work checks

Right to work checks for employers

Right to work checks for employers Table of Contents Overview of right to work checks There have been some updates and minor modifications to the way right to work checks are handled in a short period of time, specifically that the government has chosen not to discontinue virtual right to work checks just yet and…

HMRC phishing scams

HMRC phishing scams report 2020-21

HMRC phishing scams report 2020-21 Table of Contents Overview of phishing scam report Despite precautions, phishing scams using HMRC are on the rise. The number of HMRC-branded phishing scams surged 87% in the past 12 months, according to the latest revealed figures The number of HMRC-branded phishing schemes officially reported increased from 572,029 in 2019-2020…