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Firm News
Keep up to date with the latest news at Bright Brown.
Hospitality VAT - Upcoming Changes
21-Sep-2021
The VAT rate for hospitality type businesses changes again on 1 October and is set to continue at the new rates until 31 March 2022.
Standard Rate of VAT
...
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Budget Headlines for March 2021
05-Mar-2021
- Budget Headlines for March 2021 -The Furlough scheme will be extended until the end of September, however employees will be expected to contribute 10% of wages in July and 20% of wages in August and September.SEISS has also been extended. The fourth grant will pay ...
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Winter Economy Plan 2020
02-Oct-2020
Winter Economy Plan 2020
The government have set up a new range of support measures for those who have businesses which are being adversely affected by COVID–19. These include:
An extension of the VAT reduction from 20% to 5% for those in the ho...
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Crew-cab vehicles are cars for P11D purposes
27-Aug-2020
The Court of Appeal has recently ruled that two types of crew-cab vehicle, namely the Vauxhall Vivaro and VW Transporter Kombi are considered to be cars and not vans for the purposes of benefits in kind. This case has been ongoing since 2017 with Coco-Cola but the recent appeal against the Upper ...
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Capital Gains Tax and 30 days to file and pay
20-Aug-2020
Under a new regime, which applies to residential property transactions disposed of on or after 6 April 2020, you now have just 30 days to calculate your capital gain, file a residential property return and pay any capital gains tax due.
Because there are so many factors that can affect th...
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Self Employment Income Support Scheme
18-May-2020
If you are self employed or part of a partnership and your business has been affected by Coronavirus (Covid-19) then you could be eligible for the Self Employment Income Support Scheme.
It will cover 80% of your average monthly trading profits and 3 months will be paid in one lump su...
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