Benson Wood & Co Blog

VAT Reverse Charge – What you need to know

As of 1 March 2021, the VAT reverse charge rules for the construction industry have been in force, bringing about significant changes for sub-contractors, contractors and developers.

Read More

Self Employment Income Support Scheme: fourth grant now live

Self-employed workers will be able to claim the fourth Self Employment Income Support Scheme (SEISS) Grant from 22 April 2021.

Read More

Companies to benefit from super-deduction tax relief

A new capital allowance scheme became available to companies from 1 April, offering them an incentive to invest in new assets to aid their recovery after lockdown. Read More

100 days on: Brexit still challenging traders, but Support Fund offers hope

Despite 100 days passing since the end of the Brexit transition period, official figures reveal that international trade has yet to recover.

But why?

In this blog, we’re going to explore what challenges businesses are facing, and how they can overcome them. Read More

The tax benefits of electric and low emission cars

Electric and low CO2 emission vehicles are becoming increasingly common on UK roads, as drivers seek to go green and reduce the costs of motoring. Read More

Do you have taxable benefits? Start preparing now!

The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees.

Read More

Applications open for £2,000 post-Brexit import VAT advice

Applications are now open for the Government’s SME Brexit Support Fund, which offers grants for up to £2,000 that can be put towards the cost of professional advice on import VAT. Read More

An introduction to the UK’s points-based immigration system

On 1 January 2021, the UK launched a new, points-based style immigration system to bring EU immigration into line with the rest of the world. Read More

HMRC contacts self-employed individuals who could be eligible for the fourth round of the SEISS

HM Revenue & Customs (HMRC) is now contacting self-employed individuals who could be eligible for the fourth round of the Government’s Self-Employment Income Support Scheme (SEISS).

Read More

The ATED return for 2021-22 is due by 30 April 2021

The Annual Tax on Enveloped Dwellings (ATED) return for the year from 1 April 2021 to 31 March 2022, and any tax due for the year, is due by 30 April 2021.

What is the ATED?

The ATED is a charge that applies to UK residential properties worth more than £500,000 that are owned by companies, partnerships of which any of the members are companies, and collective investment schemes. Read More