Q. I want to pay for my employees to be screened regularly for COVID-19. Is this a taxable benefit or is it exempt? A: When the initial guidance for employers was published back in July 2020, HMRC stated that an employer paying for an employee to be tested ...

Following the UK's exit from the European Union, VAT registration details of UK companies will no longer be maintained on the VAT Information Exchange System (VIES). Being able to check the validity of a new supplier's VAT number is an important step in combatting VAT fraud. For example, ...

There was some confusion when Finance Act 2020 was published. The government had announced that it would be extending the current enhanced 100% first-year allowance (FYA) available for zero-emission vehicles. However, when the legislation was published there was no mention of any extension, leading to speculation that the FYA would ...

After two delays, the new rules for certain building services will finally take effect from 1 March 2021. Under the current rules, a business (for example a builder) will add VAT to their sales invoices passed to their customers, and then account for this to HMRC via the VAT return. ...

With much of the country entering Tier 3 restrictions around Christmas, and Wales being put back into a stay at home lockdown from 28 December, it is inevitable that there would be further announcements made with respect to business-related COVID-19 measures. Extension of furlough scheme The Coronavirus Job Retention Scheme (...