VAT registered businesses to move onto HMRC’s new single customs platform before the deadline of 30 September 2022
The first phase comes into effect at the end of September 2022. Businesses importing goods after this time will need to use HMRC’s new single CDS platform to make import declarations. After 31 March 2023 CHIEF will no longer be able to be used for export declarations and these will need to be posted onto CDS from then.
Norwich ‘ironman’ to take on sport’s toughest challenge, 140 mile triathlon to support air ambulance
A Norwich man is to take on one of the toughest sporting challenges there is when he embarks on an Ironman triathlon – a 3.8km swim in open water, leading into a 180km bike ride, followed by running a full marathon (42.2km) – all inside the space of 17 hours.
HMRC targets business owners claiming Business Asset Disposal Relief (BADR)
HM Revenue & Customs (HMRC) have announced they are reviewing the position of taxpayers who have made substantial gains during their lifetime and may have inadvertently exceeded their lifetime limit for Business Asset Disposal Relief (BADR).
Plug-In Car Grant for electric cars scrapped
The government has announced that it is withdrawing the £1,500 Plug-In Car Grant (PICG), with immediate effect (as of 14 June 2022), for new order of electric cars.
Young Norfolk cricketers take to the crease with renewed sponsorship deal
Norfolk’s Under 18s Girls county cricket team are starting a busy season of matches – after a local firm of accountants renewed their sponsorship of the team, having first started supporting the team in 2017.
Chancellor announces windfall tax on energy firms
Chancellor Rishi Sunak will impose a windfall tax on energy firms alongside a package to help households with the cost-of-living crisis.
Staff absence: How to deal with the ‘new normal’
The removal of Covid rules means that employers are now having to make their own decisions when it comes to staff absence, says Vicky Webber of Lovewell Blake. A robust policy and consistency of approach are key.
Inflation - a major issue for NHS Pension Scheme members
The purpose of the Annual Allowance legislation is to measure pension growth above inflation, with any excess above the Annual Allowance (standard of £40,000, or lower if tapered), being taxed at your respective marginal rate of income tax.