4 December 2020
HM Revenue & Customs (HMRC) may waive penalties for businesses who file late corporation tax returns as a result of Covid-19 disruption, it has been revealed. Late corporation tax returns
Continue reading
4 December 2020
The UK’s new points-based immigration is now live to help businesses as they prepare for the end of the Brexit transition period on 31 December 2020. The new system outlines
Continue reading
4 December 2020
The Business Secretary has written to the professional and business services sector warning them about the actions they need to take to prepare for the end of the Brexit transition
Continue reading
4 December 2020
This year Thompson Wright have again supported Teams4U this Christmas by filling shoeboxes to be given out this Christmas to deprived communities via schools, nurseries, hospitals and orphanages in Eastern
Continue reading
3 December 2020
Pubs that principally serve alcohol in tier two and three areas are set to receive additional financial support over the Christmas period following an announcement by the Government. According to
Continue reading
1 December 2020
Businesses that employ non-EU staff must obtain a sponsor licence from UK Visas and immigration to continue to employ overseas staff – this is renewable every four years. To find
Continue reading
1 December 2020
Under the new trivial Benefits in Kind (BiK) regime, a BiK provided by an employer to an employee is exempt from tax as employment income, if ALL the following conditions
Continue reading
30 November 2020
HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer.
Continue reading
30 November 2020
The Office for Tax Simplification (OTS) has released a new report that recommends ministers consider bringing rates of Capital Gains Tax (CGT) in line with Income Tax or consider addressing
Continue reading
30 November 2020
The Treasury has recently added new measures to the Finance Bill of 2021 with regard to R&D Tax Credits, and we have outlined the key elements below. Under the current
Continue reading
30 November 2020
When the national temporary lockdown ends in England on 2 December 2020, the country will enter a new tougher, tiered local system of restrictions. To help you understand what you
Continue reading
30 November 2020
By Sarah Bowen, Tax Director at Thompson Wright Every year lots of businesses supply vehicles to employees, either as a reward to retain them or because a vehicle is an
Continue reading