@NEWS April/May 2022

Our April 2022 newsletter is out now, exploring changes to NICs, National Living Wage, directors’ loan tax, second home tax loophole closing and much more.

Boost your business with the Help to Grow: Digital scheme

The government’s recently launched Help to Grow: Digital scheme has two aspects: impartial advice and guidance about how digital technology can boost a business’s performance, plus a potential discount worth up to £5,000 towards the cost of buying approved software. Announced last March ahead of the 2021 Budget, the scheme aims to combat problems of … More Boost your business with the Help to Grow: Digital scheme

What is a ‘reasonable excuse’ for tax penalties?

Having a reasonable excuse can be a get-out-of-jail-free card if you are charged a tax penalty. However, there is no statutory definition of the term, and what might constitute a reasonable excuse for one person may not for another. With more individuals and businesses incurring tax penalties due to Covid-related disruptions, HMRC has recently updated its guidance. … More What is a ‘reasonable excuse’ for tax penalties?