News

Rental Cost When Working Away From Home

Rental Cost When Working Away From Home

When working away from home an employee may find it more cost-effective to rent a flat or apartment rather than book a hotel if the arrangement is for any duration. A case that involved Tim Healy, the actor, helps to shed some light on the tax deductibility of this...

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Working From Home While Abroad

Working From Home While Abroad

It is becoming increasingly common, especially amongst online businesses, for the workforce to be spread globally and for employees to work from home. Employers need to be aware of their responsibilities both in the UK and the country where the employee is based....

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Businesses Repay £1.3bn of Furlough

Businesses Repay £1.3bn of Furlough

Businesses have paid back £1.3bn worth of furlough cash with £300m returned in the last three months alone, official statistics reveal. Businesses that have overclaimed or decided they no longer need payments received through the coronavirus job retention scheme...

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Making Tax Digital Update

Making Tax Digital Update

Despite persistently denying there was any possibility of a delay to the Making Tax Digital (“MTD”) timetable, it has been confirmed that the introduction of MTD for income tax has been postponed another year to 2024. "The government recognises the challenges faced by...

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Ecommerce VAT Changes 2021

Ecommerce VAT Changes 2021

From the start of 2021, HMRC introduced a number of changes to the rules of VAT for ecommerce and how businesses need to account for it. Some of these changes are a direct result of Brexit and any business making sales or deliveries of goods to consumers in the EU are...

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Why your e-commerce business needs an e-commerce accountant

Why your e-commerce business needs an e-commerce accountant

In this short video, we talk you through why we think every e-commerce business should have a specialist e-commerce accountant.  Video Transcript Hi guys, I'm Oliver from Elver E-commerce Accountants. And today I'm going to be telling you why every e-commerce...

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Distance Selling Rules Changes

Distance Selling Rules Changes

The current distance selling rules, which require VAT registrations in each EU country where thresholds are reached, will, for the most part, disappear on 1 January 2021 and VAT will be due in the member state of destination, otherwise known as the 'destination...

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Job Retention Scheme

Job Retention Scheme

A reminder that the JRS is currently scheduled to end on 31 October. The government contributions reduced to 70% in September and will reduce to 60% in October. Coronavirus Business Interruption loans The CBILS scheme ends on 30 September, but Bounce Back Loans are...

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Fiscal Representatives

Fiscal Representatives

Many EU countries require that a fiscal representative be appointed for a non-EU company that requires a VAT registration in that country. The tax authorities regard a fiscal representative as the local agent of the foreign trader. In many cases, the fiscal...

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Kickstart Scheme

Kickstart Scheme

A new scheme to help young people to work and spur Britain’s economic revival has been launched by the UK Government. Businesses are now able to sign up to be part of the landmark £2bn Kickstart scheme, giving unemployed young people a future of opportunity and hope...

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