News
New reduced VAT rate for hospitality businesses
The Government cut the rate of VAT for certain supplies relating to the hospitality industry to a temporary 5% rate in July 2020, to assist those businesses severely affected during lockdown. This reduced rate was extended until 30 September 2021 in this year's...
How to focus on the work that will strengthen your business
You know there are tasks and projects to complete which will improve your business and keep it strong post-lockdown. The struggle is finding the time and space to step away from your day-to-day work and pursue them. Working on these projects with your team generates...
Revised Advisory Fuel Rates for Company Cars
HMRC updated its advisory fuel rates for fuel costs when using company cars from 1 September 2021. You can continue to use the old rates (shown in brackets in the table below) until 30 September 2021 or use the new rates. Engine size Electric per mile Petrol per mile...
Plastic Packaging Tax to Apply From April 2022
From April 2022, a new tax will apply to plastic packaging manufactured in, or imported into the UK, that does not contain at least 30% recycled plastic. It is the Government's aim to incentivise businesses to manufacture recycled plastic, creating a greater demand...
Late Tax Penalty Payment Rules Made Clear
HMRC is phasing in a new regime for penalties for late tax payments starting next year. This will start with VAT payments from 1 April 2022 (for accounting periods beginning on or after 1 April 2022), followed two and three years later by some self-assessment tax...
Government’s Basis Period Reform Postponed
As part of the Making Tax Digital regime, the Government was due to reform the basis period rules from April 2023, in a bid to simplify how unincorporated businesses, sole traders and partnerships, allocate trading profits to tax years for inclusion on their...
Making Tax Digital for Income Tax Self Assessment Postponed
The Government has announced that Making Tax Digital for income tax self assessment (MTD ITSA) has been postponed again until April 2024. HMRC aims to obligate individuals and businesses to keep digital financial records and submit tax returns via accounting software...
Dorothy House Hospice Care – Light Up A Life Appeal
Today we made a donation to Dorothy House Hospice Care and dedicated a light on their Christmas Tree in memory of James Shadwell, a much-loved Clear Vision team member who we lost a year ago. Dorothy House is an incredible hospice that provides care for many people in...
7 ideas to help you protect your team wellbeing
Julie Brewster, HR Consultant and Mental Health First Aider, shares seven recommendations to help you protect the wellbeing of your team, especially for clients and friends of Clear Vision Accountancy. I recently came across this infographic by @BlessingManifesting...
Preparing for the end of the Coronavirus Job Retention Scheme (CJRS)
The Coronavirus Job Retention Scheme (CJRS), which has seen the Government provide grants covering a proportion of the wages of UK employees since March 2020, comes to an end on 30th September 2021. This month is the last month you can claim under the scheme. The...
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