Scott & Wilkinson Blog | Archive 2021

Please select a news item listed below which may be of interest to you. Alternatively, please review our archives at the bottom of the page by year. If any of them are of interest and you require more information, please do not hesitate to contact the office.


Claiming the Fifth Self-Employment Income Support Scheme (SEISS) Grant
Claiming the Fifth Self-Employment Income Support Scheme (SEISS) Grant

Date: 16/07/21

The rules for the fifth grant are similar to the fourth grant in most respects, however, they differ in terms of the level of grant that can be claimed is now dependent on the reduction in turnover of the individual claiming. Read More

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Changes to the Coronavirus Job Retention Scheme (CJRS)
Changes to the Coronavirus Job Retention Scheme (CJRS)

Date: 05/07/21

Changes to the CJRS scheme from July through to the end of September will result in employers having to cover a portion of the employee’s actual wages, as well as the national insurance and pension contributions. Read More

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New VAT rules for e-commerce in the EU
New VAT rules for e-commerce in the EU

Date: 28/06/21

On 1 July 2021, the EU will roll out three reforms under the ‘VAT E-commerce Package’, affecting online sellers who make sales to final consumers in the EU. Read More

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How to setup Xero Multi-Factor Authentication (MFA)
How to setup Xero Multi-Factor Authentication (MFA)

Date: 27/05/21

For all of our clients currently using Xero cloud software for their bookkeeping, an additional security process is being introduced by Xero which will require you to verify yourself before accessing your data. Read More

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New Super Deduction for Capital Allowances – What you Need to Know
New Super Deduction for Capital Allowances – What you Need to Know

Date: 10/05/21

As announced in the Budget 2021, the Treasury has introduced additional tax relief for certain plant and machinery purchased by companies. For costs incurred from 1 April 2021 until 31 March 2023, companies can claim 130% first-year capital... Read More

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Claiming the Restart Grant
Claiming the Restart Grant

Date: 04/05/21

The Restart Grant will provide eligible businesses with a one-off payment to help reopen safely following the easing of restrictions. This grant is separate from all previous grants and so you will therefore have to submit a new application in order... Read More

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Congratulations Michael Orford!
Congratulations Michael Orford!

Date: 20/04/21

A massive congratulations are due to our very own Michael Orford who received the fantastic news that he passed his final exam and is now a member of the Association of Chartered Certified Accountants (ACCA). Read More

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Are you eligible for the fourth Self-Employment Income Support Scheme (SEISS) Grant?
Are you eligible for the fourth Self-Employment Income Support Scheme (SEISS) Grant?

Date: 15/04/21

The fourth SEISS grant, which covers the period 1 February 2021 to 30 April 2021, is due to be launched later this month, find out if you are eligible and how you can claim. Read More

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New Recovery Loan Scheme Launches
New Recovery Loan Scheme Launches

Date: 07/04/21

The new government-backed Recovery Loan Scheme will ensure businesses have continued finance available to them to recover following the end of previous COVID-19 loan schemes. Read More

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Budget 2021: What has been announced?
Budget 2021: What has been announced?

Date: 03/03/21

Today the Chancellor, Rishi Sunak, presented his second budget very much recognising that we are still in the depths of the pandemic and that the Government must continue to support the economy. He did however set out a timetable for a number of... Read More

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What changes are happening to off-payroll working rules (IR35) and how does it affect you?
What changes are happening to off-payroll working rules (IR35) and how does it affect you?

Date: 01/03/21

The changes to IR35 mean that the responsibility for determining whether the off-payroll working rules apply will shift from the contractor’s PSC to the client organisation engaging them. If the rules apply, the client organisation, or the... Read More

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Self Assessment late payment penalty to be waived if tax paid or payment plan set up by 1 April 2021
Self Assessment late payment penalty to be waived if tax paid or payment plan set up by 1 April 2021

Date: 23/02/21

Self Assessment taxpayers will not be charged the 5% late payment penalty if they pay their tax or set up a payment plan by 1 April 2021. Read More

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How to pay VAT deferred due to COVID-19
How to pay VAT deferred due to COVID-19

Date: 17/02/21

If you deferred VAT payments due between 20 March and 30 June 2020 and you still have payments to make, you can join the VAT deferral new payment scheme which opens from 23 February up to and including 21 June 2021. Read More

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The SME Brexit Support Fund
The SME Brexit Support Fund

Date: 15/02/21

Small and medium-sized businesses (SMEs) importing and exporting goods between Great Britain and the EU or moving goods between Great Britain and Northern Ireland may be eligible for a grant worth up to £2,000. Read More

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£4.6 billion in new lockdown grants
£4.6 billion in new lockdown grants

Date: 05/01/21

The new grant will be a one-off grant for retail, hospitality and leisure businesses and will be paid in addition to the existing grants for closed businesses. Read More

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