One of the more innovative aspects of the recent March budget was the introduction of the rather grandly named super-deduction. Limited companies that invest in qualifying assets in the two-year period 1 April 2021 to 31 March 2023, will be eligible for a 130% tax write-off. What this means is that if you buy say…Read more
New tariff suspension scheme for the UK
To reduce costs for UK firms that import certain goods from abroad, the Department for International Trade (DIT) has announced a new tariff suspension scheme. The aim, according to a recent press release, is designed to make UK companies more competitive. The published details of the scheme are reproduced below: From next month, firms based…Read more
New rules to curb pension scammers.
The government is helping shut the door on social media scammers trying to plunder people’s pensions under new scam prevention measures due this autumn. Under the plans, suspicious requests could be stopped if pensions savers have been approached to access or transfer their savings uninvited via social media. Such unsolicited contact would trigger a “red…Read more
How the lockdown rules are changing from 17th May
Fingers crossed that the present rise of the Indian COVID variant is restricted to localised outbreaks and that the intended relaxation of lockdown will generally go ahead as planned from 17th May. It would be a cruel irony if businesses that have been stocking up and training staff were told they could not open after…Read more