Category Archives: Blog

Carlisle Council Local Recovery Grant from May 2021

If you run a business that falls in the Carlisle City Council area, you may now be eligible to claim under the latest Additional Restrictions Grant, called the Local Recovery Grant. Over £900,000 has been allocated to Carlisle Council for this purpose, however, if you feel you are eligible to claim, unlike some previous grants,…

Company cars are generally not tax efficient, but is this  still the case when considering electric cars?

In this article we look at the potential benefit in kind, which is remarkably low for certain electric cars.  Plus there is no fuel benefit.  100% Capital Allowances and grant available for both the car and charge points make electric cars worth considering. Electric cars benefit in kind 2021/22 The taxable benefit of a vehicle…

Making tax digital (MTD) extended to more businesses

Currently only VAT registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold are mandated to comply with Making Tax Digital (MTD) rules. Those rules require the business to keep digital business records and send VAT returns using MTD-compatible software. MTD for VAT is now being rolled out to all VAT registered…

VAT Common Pitfalls – International Sales of Services from a UK Business – the basics

Understanding VAT treatment never seems to get easier, and that’s why Saint & Co are here to help. We can translate the HMRC guidance into specific advice to your own circumstances – often the HMRC guidance is exactly that, just a guide where you are then left to make your own decision on whether to…

Details of fourth self-employed income support grant (SEISS)

Like the CJRS scheme for employers the Self-Employed Income Support Scheme (SEISS) has been extended to September 2021and details of claims for the fourth grant have now been released. This fourth grant covers February, March and April 2021. There will then be a fifth grant covering May to September 2021. The latest grant allows the…

VAT Common Pitfalls – International Sales of Goods from a UK business – the basics

VAT has always been a complicated tax, and from 1 January 2021, for your business, you may think it has got even more complicated. So when should you add VAT to your product sales? If you are selling goods internationally, if the goods are physically crossing an international border on a permanent basis, then the…

Working from home claims – It’s not too late!

You keep saying you will do it but time runs away with you.  Don’t worry there is still time to put a claim in for working from home for the tax years 2019/20 & 2020/21. Please click on the link below to see our previous blog for details regarding how to make the claim. https://www.saint.co.uk/hmrc-portal-open-for-wfh-working-from-home-expenses-claims/…

Details of latest CJRS “Furlough” Grants

The fourth version of the CJRS “furlough” grant scheme starts on 1 May 2021 and will run until 30 September with employees affected continuing to be supported such that they are entitled to be paid at least 80% of their “usual pay” subject to a limit of £2,500 a month for hours not worked. The…

Working from home tax relief continues, but new claims required

Employees working from home due to the coronavirus pandemic can continue to claim tax-relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year, HMRC has confirmed. Normally, employers can pay a tax-free allowance of up to £6 per week/£26 per month to employees…