Waltons blog

In April 2022 HMRC started to write to taxpayers who it has identified may need to repay all or some of the Self-Employed Income Support Scheme (SEISS) grants 4 & 5, following an amendment to their previous tax returns. The 4th and 5th SEISS Grants were originally...

We are delighted to be part of Invest Hartlepool's Hartlepool Business Week. Pop along to The Enterprise Centre, Thursday 26 May, 1-3 pm, for our "Introduction to financial accounting for small businesses" session with Graeme Surtees. For full details and booking...

Dividend tax rates set to rise in the UK from 6 April 2022 by 1.25% to 8.75%, 33.75% and 39.35%. If you have not done so already, now would be a good time (and the last chance) for those company directors/shareholders who take income in the form of dividends to...

The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement today. His promise was to "deliver a Spring Statement that builds a stronger, more secure economy for the United Kingdom". His main announcements were as follows: Fuel duty cut by 5p per...

Buy-to-let landlords and second homeowners have twice the amount of time to report and pay capital gains tax after selling a residential property in the UK. The deadline to report and pay capital gains tax after completing the sale of additional UK residential...

News of increase to Dividend Tax Rates was easy overlook Here are the key points Last week, as would be expected, there were lots of headlines and considerable press reporting about the government’s proposed increase in National Insurance Contributions (NICs) in...

As Step Four of the roadmap out of restrictions has been delayed for up to four weeks, guidance has been updated to account for this, and the spending allocation deadline is now 30 July 2021. The Additional Restrictions Grant (ARG) provides additional funding for...

The Government have updated information in relation to changes from 1 July 2021. The Coronavirus Job Retention Scheme has been extended until 30 September 2021, and from 1 July 2021, the Government will pay 70% of wages up to a maximum cap of £2,187.50 for the hours...

If you are an employer looking to create jobs for young people, you can apply for funding as part of the Kickstart Scheme. The Kickstart Scheme provides funding to create new jobs for 16 to 24 year olds on Universal Credit who are at risk of long-term unemployment....

A fifth grant will be available, covering May 2021 to September 2021. When will the fifth SEISS grant be available? The grant will be open to claims from late July 2021. Will guidance be available? Guidance will be available for claiming the grant by the end of June...

    Recovery of VAT on Electric car charging     The Government are committed to encouraging more and more people to drive electric cars. Since 6 April 2019 there has been no taxable benefit for employees where they use an electric charging point at their place of...

     Reimburse private fuel by 6 July to avoid fuel benefit     One consequence of the recent periods of lockdown is that employees may have driven fewer private miles in their company cars, particularly where they have not been driving to the office. If they are to...