The 2022 Queen’s Speech was delivered in the Houses of Parliament on 10 May 2022, setting out details of the legislation that the government is to introduce in, or carry over into, the new Parliamentary session which started on the same date. The notable point from an employment law perspective is that there was no

Following the recent increase in the Bank of England base rate from 0.75% to 1% HMRC has announced there will be changes to the rates of interest they charge.   The BoE’s Monetary Policy Committee voted 6-3 in favour of raising interest rates by 25 basis points to 1% in a move to stem continued upward pressures

Most businesses want to be independent. But there may be advantages in a co-operative approach. Could you share costs with business neighbours? These could include: Setting up a community Wi-Fi source for a number of businesses. Sharing unused office or storage space. Negotiating insurance cover on an “estate” basis to trim premiums. Setting up a

There are a number of tax reliefs available for self-employed taxpayers that make a loss carrying on their trade, profession or vocation (collectively referred to as a ‘trade’) and for their share of trading loss for any partnerships with which they are involved. There are also constraints to loss relief claims that could see claims restricted

In conjunction with UKHospitality, the Equality and Human Rights Commission has launched a new checklist and action plan to help employers in the hospitality sector put appropriate structures in place to protect their employees from sexual harassment in the workplace.  The guidance defines sexual harassment as “anything of a sexual nature that violates someone’s dignity

Tax relief may be available for the post-cessation expenses of a trade. In order to be an allowable post-cessation expense, the trade must have ceased, and the expense must have been deductible in calculating the trading profits. This means that the expense still has to meet the wholly and exclusively test and be revenue, not capital,

1 May 2022 – Due date for corporation tax due for the year ended 30 July 2021. 19 May 2022 – PAYE and NIC deductions due for month ended 5 May 2022. (If you pay your tax electronically the due date is 22 May 2022). 19 May 2022 – Filing deadline for the CIS300 monthly

Non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax on their profits made through a permanent establishment/branch or agency. If the non-resident company is deemed liable to pay Corporation Tax, then its chargeable profits are: any trading income arising directly or indirectly through or from the permanent establishment/branch

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. If you are using this scheme, you should ensure that rents received from lodgers during the current tax year do no exceed £7,500. The tax exemption is automatic if you earn less than £7,500 and there are

In the UK most basic food stuffs are zero rated. However, the definition of 'basic' is not straightforward and many of the foods are zero rated as a result of historical legislation dating back to the introduction of VAT in 1973. VAT Notice 701/14: food has recently been updated. The notice explains what types of