Waltons blog

    Recovery of VAT on Electric car charging     The Government are committed to encouraging more and more people to drive electric cars. Since 6 April 2019 there has been no taxable benefit for employees where they use an electric charging point at their place of...

     Reimburse private fuel by 6 July to avoid fuel benefit     One consequence of the recent periods of lockdown is that employees may have driven fewer private miles in their company cars, particularly where they have not been driving to the office. If they are to...

    Hiring new apprentices?  Here’s what you need to know     Here's what you need to know about applying for extra funding to help your business take on new apprentices.   With effect from 1 June, employers of all sizes in England can apply for extra funding to help...

    Reminder - P11D Forms due by 6 July     Despite the coronavirus lockdowns, HMRC still expect P11D forms reporting expenses and benefits to be submitted by the normal 6 July deadline.  Employers need to submit a P11D form to HMRC for each employee you have provided...

     HMRC urge businesses to carry out due diligence into their labour supply chain     HMRC is warning organisations about the use of mini umbrella companies in the labour supply chain and the need to carry out due diligence to protect the organisation from financial...

  Help to Grow programme     The Government's new Help to Grow programme is now open for registrations and launches in June.  The programme will help small and medium sized businesses across the UK learn new skills, reach new customers and improve profits. What is The...

  NIC Relief for employers whose employees are working in Freeport tax areas   The Government have announced a new zero rate of secondary Class 1 National Insurance Contributions (NICs) for eligible employers on the earnings of eligible employees working in a Freeport...

  Are you trading with the EU?      You will need to follow new customs and tax rules if your business moves goods between the UK and countries in the EU. Your business will be affected by the new rules if: you buy goods from an EU seller and bring them into the UK....

  VAT deferral – apply online by 21 June 2021 The VAT deferral new payment scheme is open for all businesses who deferred paying VAT due between 20 March and 30 June 2020 and were unable to pay in full by 31 March 2021. If you apply to spread your payments between 20...

  The last year has been a challenge for many of us.  With re-start and growth back on the cards for many businesses, are you aware there is grant funding available, and you could be eligible to apply for up to 55% on your expenditure in your business that will lead...

Having now entered another tax year, HMRC have clarified the working from home allowance for 2021/22. HMRC previously announced that for 2020/21, even if you were required to work from home for ONE DAY during the tax year, you can claim tax relief for the WHOLE YEAR. ...

  HMRC Self-Assessment – REMINDER of Late Filing Penalties & Late Payment Interest/Surcharges  If you have not submitted your tax return for the year to 5 April 2020 (which was due for submission on or before 28th February 2021), HMRC will already have charged the...