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
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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