industry news & articles

Final SFBF supplement and 1 off restart grant

On 19 April 2021, all Strategic Framework Business Fund (SFBF) recipients will automatically…

We’re recruiting for a Tax Associate

We are delighted to announce we are recruiting for a Tax Associate to join our dynamic team at…

VAT deferral: What you need to know about the new payment scheme

Businesses that deferred VAT payments due between 20 March and 30 June 2020, and cannot afford to…

SPRING 2021 BUDGET: CORONAVIRUS MEASURES

*POST BUDGET EDIT* Support is available to Scottish SMEs through the Strategic Framework Business…

Key highlights from the Spring 2021 Budget

We'd like to give you a short summary of the budget highlight key areas of interest. For more…

Spring 2021 Budget Update

Following on from the UK Government's Spring Budget on 3 March we have summarised the information…

Ammu’s overview of the Spring Budget

Introduction On some counts this Budget was Rishi Sunak’s 15th major announcement since his first…

Northern Ireland border discussions

The news last week was dominated by the Northern Ireland (NI) border discussions. A meeting of the…

18 Point Tax Year End Checklist

Before the current tax year ends, it’s worthwhile asking yourself ‘have I utilised all tax…

HMRC temporarily waives 5% late penalty fee

HMRC is giving more time to pay or to set up a payment plan for Self-Assessment because of the…

Cycle to work scheme 

The Cycle to Work Scheme is a salary sacrifice scheme that’s part of the UK Government plan to…

VAT reverse charge from March

The VAT domestic reverse charge will finally apply to most supplies of building and construction…

Taxing wealth – a viable option?

As we look ahead to the Budget on March 3 – a full update will be published on ammu.uk shortly…

Some financial lessons from the last year

The last year has been a traumatic one in which much has changed, perhaps never to revert to the…

Prepare for the new tax year

Taking some time to start planning for 2021/22 now can be worthwhile.  While there is often a…

Pay as you Grow for Bounce Back Loans

The government announced ‘Pay as you Grow’ to give more time and flexibility to repay the Bounce…

photo of 10 downing st sign

Budget day is 3 March

There has been a lot of speculation on what will be in Rishi Sunak’s second Budget in early March…

Possible changes to capital taxes

The Office of Tax Simplification (OTS) have been asked by the Treasury to review both Inheritance…

Pension tax relief under the spotlight

One area where the Chancellor could raise a substantial amount of tax would be to restrict higher…

Possible inheritance tax changes

As discussed in previous blog, the Office of Tax Simplification (OTS) suggested simplifying IHT on…

Get ready for new off-payroll working rules (IR35)

This time last year businesses were preparing for important changes to the rules where workers…

image of post it with property tax

European property owners face higher tax bills

Now that the UK has finally left the EU some taxpayers will start to see additional tax costs. One…

Changes to the Kickstart Scheme grant. 

The Kickstart Scheme provides funding to employers to create job placements for 16- to 24-year-olds…

The Coronavirus Job Retention Scheme has been extended until 30 April 2021

If you cannot maintain your workforce because your operations have been affected by coronavirus…

Self Assessment – Late Filing Update

HMRC has announced Self-Assessment taxpayers who did not file their tax return by the 31 January…

How to ask HMRC not to publish your CJRS claim details?

You can request that HMRC does not publish details about your CJRS claim, if you can show evidence…

Pay Coronavirus Job Retention Scheme (CJRS) grants back.

If you have overclaimed for CJRS then HMRC encourages employers to pay all or some of the grant…

Companies House pauses voluntary and compulsory strike off processes for one month.

Companies House (CH) has temporarily paused voluntary and compulsory strike off processes for one…

How trading conditions affect eligibility for the Self-Employment Income Support Scheme.

HMRC has updated its guidance to define what it means by reduced activity, capacity or demand or…

Plan for Jobs: skills, employment and support programmes for jobseekers.

Plan for Jobs: skills, employment and support programmes for jobseekers. HM Treasury has updated…

Scottish Budget Update

Kate Forbes, Scotland’s Finance Secretary set out budget plans on 28 January at the Scottish…

EU & British flags

Brexit News

For smaller UK businesses exporting to the EU, the new Brexit rules have so far been problematic…

Self assessment last minute filing

Self-assessment: what you need to know for last-minute filing

HMRC said 2,700 taxpayers took time out on Christmas day to go online and file their…

Digital Boost Development Grant In High Demand

As strong advocates of digitisation of business and knowing the real benefits it brings we'd like…

What COVID 19 loans and grants are available

For many UK businesses, the COVID 19 loans and grants have become a vital lifeline to help…

Deadline for SEISS is 21 January 2021

There were no changes to the Self-Employment Income Support Scheme (SEISS) announced alongside the…

Support available for hospitality, retail, leisure and events sector

A significant top-up to the grant support is now available for hospitality, retail and leisure…

Exporting goods from Great Britain to the EU from 1 January 2021

Exporting goods from Great Britain to the EU from 1 January 2021 From 1 January 2021, you will need…

What you need to know about the Brexit trade agreement

Brexit trade agreement The transition period for the UK leaving the EU has ended. The EU and UK…

What is the best use of your time in January?

Clearly there will be short term actions on EU trade for some. However we encourage all clients to…

Importing goods from the EU to Great Britain from 1 January 2021

The process for importing goods from the EU has changed. Businesses in Great Britain need to…

So what are ammu’s business predictions for 2021?

SO WHAT ARE OUR BUSINESS PREDICTIONS FOR 2021? We have to admit that last year we did not predict…

Importing goods by post (from the EU into Great Britain) from 1 January 2021

Importing goods by post (from the EU into Great Britain) from 1 January 2021 The Government has…

Exporting – getting an EORI number

Exporting - getting an EORI number From 1 January 2021 you need an EORI number to move goods…

Customs declarations for goods you bring or receive into the UK

Customs declarations for goods you bring or receive into the UK From 1 January 2021, if you are a…