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New 30-day Capital Gains Tax deadline set to come into effect

The deadline for reporting and paying Capital Gains Tax (CGT) arising from the sale of a residential property is set to be shortened drastically in April.

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More than 1.3 million businesses are signed up to...

Since the implementation of Making Tax Digital (MTD) for VAT in April 2019, more than 1.3 businesses with a turnover of £85,000 or more have been...

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Small and medium builders to benefit from £1 billion...

Housing Secretary, Robert Jerick MP, has announced £1 billion in new loans to small and medium-sized builders to help them deliver new homes, under the banner of the British Business Bank’s ENABLE Build Programme.

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VAT charged on the sale of a business

There are many things to consider when selling a business, but what about the payment of VAT? VAT is charged on most transactions, but it is not as straightforward when it comes to the purchase of a business.

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Bank overdrafts to become more expensive for some under new changes

The UK’s major banks and building societies are set to increase the interest they charge on overdrafts as part of a major change due to come into...

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Employment Allowance
Changes come into effect
from April

For more than half a decade the Employment Allowance (EA) has entitled employers to a maximum of £3,000 off their annual secondary Class 1 NIC bill.

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Don’t forget EORI registration

The UK has now formally withdrawn from the EU and has until 31 December 2020 to agree new trade arrangements.

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Fawcetts is a trading style of Fawcetts LLP, a Limited Liability Partnership, registered in England and Wales, number OC416583. Fawcetts LLP is registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C005234633. A list of names of members of the Limited Liability Partnership (LLP) is available for inspection at the registered office.