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Basis period explained

Basis period explained

This week I’m looking at how HMRC changes to the tax basis period will affect self-employed traders and partners in trading partnerships; but I suspect that many of you reading this Blog will not have the foggiest of what the term ‘basis period’ actually means. Basis...
Are Covid Tests VAT Exempt?

Are Covid Tests VAT Exempt?

The latest Coronavirus mutation has now arrived, with two travellers from South Africa testing positive for the new Omicron variant. The Government’s knee-jerk reaction was to reimpose the ‘red-list’ for around a dozen countries in Africa and if you are travelling...
Budget 2021: Green Agenda Failure

Budget 2021: Green Agenda Failure

I must admit that I was very surprised at the almost complete lack of any green focused measures in the recent budget from the Chancellor, especially as it was delivered with COP26 about to start. So, I’ve had a little think and have a few ideas as to how you might...
Will Boris’s National Insurance rise work?

Will Boris’s National Insurance rise work?

On Tuesday Prime Minister Boris Johnson announced a 1.25% increase in National Insurance from April 2022 to stem the post-Covid health and social care crisis, together with a similar rise in the tax on dividends. He was then accused of breaking a manifesto promise not...