Most employers who are eligible will be aware that the furlough scheme (the Coronavirus Job Retention Scheme) has been extended for five months – from 1 November 2020 to 31 March 2021. The general terms for the first quarter to 31 January 2021 are: Maximum…
Year: 2020
Cashback at all shops
Brits will be able to get cashback from shops without needing to buy anything under new proposals to protect the UK’s cash system, which were announced on 15 October 2020. Under the government proposals, cashback without a purchase could be widely available from retailers of…
Students warned to avoid tax scams
Readers with children at university should pass on this message as students starting university this year are being warned by HMRC that they could be targeted by a fresh wave of tax scams. As new students start the academic year, they can be particularly vulnerable…
Make hay while higher rate relief is available
For many years Chancellors have threatened to reduce the Income Tax relief that can be claimed for payments into a private pension scheme. There have been reductions in the amount of contributions that can be made and the size of the pension fund that can…
DSC shortlisted for Yorkshire Accountancy Awards
DSC are delighted to have been shortlisted in 2 categories of this year’s Yorkshire Accountancy Awards – Managing Partner and Trainee of the Year! Our Managing Partner, John Campbell, has been shortlisted for his outstanding contribution to the success of the practice and his continued…
How much of your estate will be taxed?
The present rate of Inheritance Tax (IHT) that is payable by your executors on your taxable estate is 40%. The good news is that you can reduce the impact of this tax, which effectively reduces the amount of your hard-won assets that is received by…
New national lockdown and changes to business support measures
The Prime Minister, Boris Johnson speaking at a press conference on Saturday night, 31 October 2020, confirmed widespread expectations of a second national lockdown in England to help stem the growing resurgence of the coronavirus. The Government was faced with significant concerns that if they…
Smart Data laws on the way?
Consumers and small businesses will benefit from better deals and savings through innovative services, thanks to new Smart Data laws proposed by government. Smart Data enables businesses to provide consumers with more intuitive, easy-to-use services such as better account and bill management, switching services for savings,…
Are you recording customers’ contact details?
In a press release issued 10 September 2020, the Department for Health and Social Care has reminded affected businesses that they have a legal obligation to record the contact details of their customers, visitors and staff. Affected concerns in England should note: Businesses and other…
Annual Christmas bash?
Trying to double guess the social distancing rules is rather like placing bets on a throw of the dice. The current exhortation from the Prime Minister – to observe the rule of six – is yet a further change in the endless attempts at controlling…