Tax

Recap of 2021 Tax announcements

The government made significant tax announcements as it aimed to reinvigorate the economy in the wake of the COVID-19 pandemic handing out record levels of financial support.  Covid-19 The government’s program of support for businesses included the bounce back loan, recovery scheme loan, Job Retention Scheme, Kickstart Scheme and Self Employment Income Scheme Grants.  Tax …

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COVID-19 & Your Virtual Staff Party: The breakdown

Tax and staff parties A staff party or an annual function qualify as a tax-free benefit for your employees providing that you meet the following conditions: It must be a recurring annual event, not a one-off. The total cost must not exceed £150 per head, per year. £150 includes VAT together with any extra costs such as transport and accommodation. The £150 is …

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