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                        <id>https://staging.b20wessex.co.uk/feed</id>
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                                <title><![CDATA[B20 Wessex Articles]]></title>
                    
                                <subtitle>The latest news, advice and articles from B20 Wessex.</subtitle>
                                                    <updated>2026-03-06T13:42:49+00:00</updated>
                        <entry>
            <title><![CDATA[Voluntary NICs for periods abroad]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/voluntary-nics-for-periods-abroad" />
            <id>https://staging.b20wessex.co.uk/articles/voluntary-nics-for-periods-abroad</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Government has announced important changes to voluntary national insurance contributions (NICs) for individuals working abroad]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2026-03-06T13:38:46+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[APR and BPR restrictions relaxed]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/apr-and-bpr-restrictions-relaxed" />
            <id>https://staging.b20wessex.co.uk/articles/apr-and-bpr-restrictions-relaxed</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Government has announced an easement to planned changes to business property relief (BPR) and agricultural property relief (APR) from 6 April 2026]]>
            </summary>
                                    <category term="Company Accounts" />
                        <updated>2026-03-06T13:38:32+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Changes to statutory sick pay]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/changes-to-statutory-sick-pay" />
            <id>https://staging.b20wessex.co.uk/articles/changes-to-statutory-sick-pay</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Two major changes to statutory sick pay will be introduced by the Employment Rights Act 2025 from 6 April 2026]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2026-03-06T13:39:00+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Private hire taxis excluded from VAT TOMS]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/private-hire-taxis-excluded-from-vat-toms" />
            <id>https://staging.b20wessex.co.uk/articles/private-hire-taxis-excluded-from-vat-toms</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From 2 January 2026, suppliers of most standalone private hire and taxi journeys can no longer use the tour operators’ margin scheme (TOMS)]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2026-03-06T13:39:25+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[How winter fuel payments will be taxed]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/how-winter-fuel-payments-will-be-taxed" />
            <id>https://staging.b20wessex.co.uk/articles/how-winter-fuel-payments-will-be-taxed</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Most people who were eligible to receive the 2025-26 winter fuel payment (WFP) and did not opt out will have received it automatically in November or December 2025]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2026-03-06T13:39:38+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Self assessment payments via PAYE]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/self-assessment-payments-via-paye" />
            <id>https://staging.b20wessex.co.uk/articles/self-assessment-payments-via-paye</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From April 2029, income tax self assessment taxpayers who also have PAYE income will pay some of their self assessment liability via PAYE]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2026-03-06T13:39:54+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[New penalties regime for all income taxpayers]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/new-penalties-regime-for-all-income-taxpayers" />
            <id>https://staging.b20wessex.co.uk/articles/new-penalties-regime-for-all-income-taxpayers</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The new points-based penalties system will apply to all self assessment taxpayers from April 2027, not just those within Making Tax Digital for income tax (MTD IT)]]>
            </summary>
                                    <category term="Self Employment &amp; Partnerships" />
                        <updated>2026-03-06T13:41:03+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Making Tax Digital for Income Tax letters]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/making-tax-digital-for-income-tax-letters" />
            <id>https://staging.b20wessex.co.uk/articles/making-tax-digital-for-income-tax-letters</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[With just one month to go before the first tranche of individuals are required to sign up to MTD for income tax, HMRC is writing to taxpayers it believes might be affected]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2026-03-06T13:42:49+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Changes to capital allowances]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/changes-to-capital-allowances" />
            <id>https://staging.b20wessex.co.uk/articles/changes-to-capital-allowances</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The writing-down allowance (WDA) for capital assets will be lowered from April 2026 and a new first year allowance is introduced]]>
            </summary>
                                    <category term="Capital investment" />
                        <updated>2025-11-29T09:15:01+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Loan charge settlement opportunity]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/loan-charge-settlement-opportunity" />
            <id>https://staging.b20wessex.co.uk/articles/loan-charge-settlement-opportunity</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Chancellor has announced significant and welcome changes for individuals facing tax bills under the loan charge]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2025-11-29T09:16:57+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[High value council tax surcharge]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/high-value-council-tax-surcharge" />
            <id>https://staging.b20wessex.co.uk/articles/high-value-council-tax-surcharge</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From April 2028 residential properties valued at £2m or more will attract a new high value council tax surcharge]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2025-11-29T09:13:15+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Income tax increases]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/income-tax-increases" />
            <id>https://staging.b20wessex.co.uk/articles/income-tax-increases</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Chancellor will add two percentage points to the rates of tax paid on income received from dividends, savings and property]]>
            </summary>
                                    <category term="National Insurance" />
                        <category term="Employee Benefits" />
                        <updated>2025-11-29T09:13:42+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Salary sacrifice pensions]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/salary-sacrifice-pensions" />
            <id>https://staging.b20wessex.co.uk/articles/salary-sacrifice-pensions</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Many employers offer salary sacrifice schemes enabling employees to give up some of their salary in exchange for an equivalent employer's contribution into their pension]]>
            </summary>
                                    <category term="Benefits" />
                        <category term="Employee Benefits" />
                        <updated>2025-11-29T09:10:25+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Pay the high income child benefit charge via PAYE]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/pay-the-high-income-child-benefit-charge-via-paye" />
            <id>https://staging.b20wessex.co.uk/articles/pay-the-high-income-child-benefit-charge-via-paye</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Taxpayers can use HMRC's new online service to register for the high income child benefit charge to be collected automatically from their payslip.]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2025-11-29T09:09:44+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Electric vehicle excise duty]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/electric-vehicle-excise-duty" />
            <id>https://staging.b20wessex.co.uk/articles/electric-vehicle-excise-duty</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If you drive an electric or plug-in hybrid car you will have to pay a new mileage-based charge from April 2028]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2025-11-29T09:09:10+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Understanding simple assessments]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/understanding-simple-assessments" />
            <id>https://staging.b20wessex.co.uk/articles/understanding-simple-assessments</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If you owe income tax that cannot be collected automatically via PAYE, such as tax on bank interest or the state pension, HMRC may send you a simple assessment notice]]>
            </summary>
                                    <category term="Self Employed Income" />
                        <updated>2025-11-29T09:08:28+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Business and agricultural property reliefs]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/business-and-agricultural-property-reliefs" />
            <id>https://staging.b20wessex.co.uk/articles/business-and-agricultural-property-reliefs</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Draft legislation has been published giving more insight into how and when proposed restrictions to two major inheritance tax (IHT) reliefs will be implemented]]>
            </summary>
                                    <category term="Benefits" />
                        <category term="Corporation Tax" />
                        <updated>2025-09-18T05:01:29+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Cryptoasset reporting framework]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cryptoasset-reporting-framework" />
            <id>https://staging.b20wessex.co.uk/articles/cryptoasset-reporting-framework</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From January 2026 UK businesses facilitating cryptoasset exchanges must collect user and transaction data and report it to HMRC under the new cryptoasset reporting framework (CARF)]]>
            </summary>
                                    <category term="National Insurance" />
                        <category term="Corporation Tax" />
                        <updated>2025-09-18T05:03:14+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Tackling non-compliance in umbrella companies]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/tackling-non-compliance-in-umbrella-companies" />
            <id>https://staging.b20wessex.co.uk/articles/tackling-non-compliance-in-umbrella-companies</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has published draft legislation aimed at tightening rules around umbrella companies in a bid to increase accountability, protect workers and ensure the correct tax is paid across the labour supply chain]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2025-09-18T05:04:46+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Companies spared from Making Tax Digital]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/companies-spared-from-making-tax-digital" />
            <id>https://staging.b20wessex.co.uk/articles/companies-spared-from-making-tax-digital</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has confirmed that companies will not have to comply with the requirements of Making Tax Digital (MTD) for corporation tax (CT) purposes]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2025-09-18T05:05:11+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Making Tax Digital for income tax - exemptions]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/making-tax-digital-for-income-tax-exemptions" />
            <id>https://staging.b20wessex.co.uk/articles/making-tax-digital-for-income-tax-exemptions</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[In just over six months the first group of taxpayers will be required to join HMRC's Making Tax Digital for income tax (MTD IT) programme]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2025-09-18T05:05:27+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Winter fuel payment clawback]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/winter-fuel-payment-clawback" />
            <id>https://staging.b20wessex.co.uk/articles/winter-fuel-payment-clawback</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Thousands of eligible pensioners will receive a Winter Fuel Payment this winter. Whether or not you can keep the money will depend on your taxable income.]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2025-09-18T05:20:26+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Class 2 NIC error update]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/class-2-nic-error-update" />
            <id>https://staging.b20wessex.co.uk/articles/class-2-nic-error-update</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The issue affecting many self-employed taxpayers in relation to Class 2 national insurance contributions (NICs) is unlikely to be resolved before the end of September]]>
            </summary>
                                    <category term="National Insurance" />
                        <updated>2025-09-18T05:22:49+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Advisory fuel rates]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/fuel-rates" />
            <id>https://staging.b20wessex.co.uk/articles/fuel-rates</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If you reimburse fuel or charging costs for employees using a company car for business travel there will be no taxable profit and no Class 1A national insurance, provided the mileage amount paid does not exceed the advisory rates]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2025-09-18T05:21:33+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Salaried members of LLPs]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/salaried-members-of-llps" />
            <id>https://staging.b20wessex.co.uk/articles/salaried-members-of-llps</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The salaried members rules are an anti-avoidance measure designed to prevent limited liability partnerships (LLPs) from disguising remuneration paid to members as profit share instead of employment income.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2025-06-13T13:09:21+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Childcare costs – don't miss out!]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/childcare-costs-dont-miss-out" />
            <id>https://staging.b20wessex.co.uk/articles/childcare-costs-dont-miss-out</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Government's tax-free childcare scheme could provide up to £2,000 a year per child, or £4,000 if the child is disabled, towards the cost of wraparound childcare and holiday clubs.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2025-06-13T13:07:57+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Small employers' relief]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/small-employers-relief" />
            <id>https://staging.b20wessex.co.uk/articles/small-employers-relief</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Small employers can usually recover 100% of most of the statutory payments they make to employees plus compensation from HMRC.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2025-06-13T13:06:36+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Guidance for non-doms]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/guidance-for-non-doms" />
            <id>https://staging.b20wessex.co.uk/articles/guidance-for-non-doms</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[With effect from 6.4.25 the preferential tax treatment enjoyed by UK resident individuals whose permanent home is outside the UK ('non-doms') has been withdrawn.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2025-06-13T13:05:09+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Check Employment Status for Tax tool]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/check-employment-status-for-tax-tool" />
            <id>https://staging.b20wessex.co.uk/articles/check-employment-status-for-tax-tool</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Check Employment Status for Tax (CEST) tool allows contractors and other individuals providing services - or businesses engaging workers to perform services for them - to determine whether the work should be treated as employment or self-employment for tax purposes.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2025-06-13T13:02:46+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Multi-agent access for MTD IT]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/multi-agent-access-for-mtd-it" />
            <id>https://staging.b20wessex.co.uk/articles/multi-agent-access-for-mtd-it</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Making Tax Digital for Income Tax (MTD IT) is fast approaching, with the mandation date for sole traders and landlords with qualifying income of £50,000 and above set firmly at 6.4.26.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2025-06-13T12:59:06+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Class 2 NI calculation error]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/class-2-ni-calculation-error" />
            <id>https://staging.b20wessex.co.uk/articles/class-2-ni-calculation-error</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From the 2024-25 tax year, self-employed individuals with profits in excess of £6,725 no longer need to pay Class 2 national insurance contributions (NIC).]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2025-06-13T12:56:50+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Mandatory payrolling of benefits delayed]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/mandatory-payrolling-of-benefits-delayed" />
            <id>https://staging.b20wessex.co.uk/articles/mandatory-payrolling-of-benefits-delayed</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has confirmed that the mandatory payrolling of benefits in kind (BIKs) will be delayed to April 2027, giving businesses more time to get to grips with the process.]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2025-06-13T12:53:23+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[IR35: small company exemption]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/ir35-small-company-exemption" />
            <id>https://staging.b20wessex.co.uk/articles/ir35-small-company-exemption</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Changes to the company size thresholds from April 2025 will also apply for the purposes of the off-payroll working (OPW) rules]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <category term="Personal Tax" />
                        <updated>2025-04-04T08:32:56+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[High-income child benefit charge via PAYE]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/high-income-child-benefit-charge-via-paye" />
            <id>https://staging.b20wessex.co.uk/articles/high-income-child-benefit-charge-via-paye</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From August 2025 employed taxpayers will no longer be required to complete a self assessment tax return (SATR) to declare and pay the high-income child benefit charge (HICBC)]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2025-04-04T08:31:17+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Self Assessment and student loan repayment]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/self-assessment-and-student-loan-repayment" />
            <id>https://staging.b20wessex.co.uk/articles/self-assessment-and-student-loan-repayment</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From April 2026 most benefits in kind (BIKs) will have to be processed through the payroll and included on monthly payslips, with a potential knock-on effect for student loan repayments]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2025-04-04T08:30:37+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[R&D relief for subcontractors]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/rd-relief-for-subcontractors" />
            <id>https://staging.b20wessex.co.uk/articles/rd-relief-for-subcontractors</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has updated its guidance to clarify the treatment of subcontracted research and development (R&D) expenditure under the SME scheme]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2025-04-04T08:30:16+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[HMRC to close online filing service]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/hmrc-to-close-online-filing-service" />
            <id>https://staging.b20wessex.co.uk/articles/hmrc-to-close-online-filing-service</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has announced that it will close the online service for filing company accounts and corporation tax returns on 31 March 2026]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2025-04-04T08:29:55+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Making Tax Digital – time to prepare!]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/making-tax-digital-time-to-prepare" />
            <id>https://staging.b20wessex.co.uk/articles/making-tax-digital-time-to-prepare</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[In just over a year the first tranche of sole traders and landlords will be required by law to keep digital records to comply with the requirements of Making Tax Digital for Income Tax (MTD IT)]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2025-04-04T08:28:45+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Salary vs dividends: NIC changes]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/salary-vs-dividends-nic-changes" />
            <id>https://staging.b20wessex.co.uk/articles/salary-vs-dividends-nic-changes</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[With changes to employer’s National Insurance and the Employment Allowance, now is the time for businesses to review the most tax efficient mix of salary and dividends for directors.]]>
            </summary>
                                    <category term="National Insurance" />
                        <updated>2025-04-04T08:28:00+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Side-hustle reporting threshold increased]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/side-hustle-reporting-threshold-increased" />
            <id>https://staging.b20wessex.co.uk/articles/side-hustle-reporting-threshold-increased</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Government has announced plans to increase the threshold above which income from self-employment must be reported via self assessment.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2025-04-04T08:27:37+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Making tax digital threshold reduced to £20,000]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/making-tax-digital-threshold-reduced-to-20000" />
            <id>https://staging.b20wessex.co.uk/articles/making-tax-digital-threshold-reduced-to-20000</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Many more sole traders and landlords will be required to comply with making tax digital (MTD) for income tax when the qualifying income threshold is reduced from £30,000 to £20,000.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2024-12-13T12:30:37+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[EIS and VCT sunset clause extended]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/eis-and-vct-sunset-clause-extended" />
            <id>https://staging.b20wessex.co.uk/articles/eis-and-vct-sunset-clause-extended</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The sunset clause which was set to end the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) scheme on 5 April 2025 has been extended for a further ten years.]]>
            </summary>
                                    <category term="Capital investment" />
                        <updated>2024-12-13T12:28:34+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Festive period RTI easement]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/festive-period-rti-easement" />
            <id>https://staging.b20wessex.co.uk/articles/festive-period-rti-easement</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[It is common for some employers to pay their workers earlier than usual in December, for example if the business will be closed during the festive period.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-12-13T12:39:46+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[National minimum wage and salary sacrifice]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/national-minimum-wage-and-salary-sacrifice" />
            <id>https://staging.b20wessex.co.uk/articles/national-minimum-wage-and-salary-sacrifice</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[As announced in the Autumn Budget, the national minimum wage (NMW) and the national living wage (NLW) are set to increase from April 2025.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-12-13T12:22:52+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[CGT anti-forestalling rules]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cgt-anti-forestalling-rules" />
            <id>https://staging.b20wessex.co.uk/articles/cgt-anti-forestalling-rules</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The changes to capital gains tax (CGT) announced in the Autumn Budget are subject to anti-forestalling rules designed to prevent taxpayers from circumventing the new rates and rules.]]>
            </summary>
                                    <category term="Capital investment" />
                        <updated>2024-12-13T12:21:37+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Evidence needed to claim employment expenses]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/evidence-needed-to-claim-employment-expenses" />
            <id>https://staging.b20wessex.co.uk/articles/evidence-needed-to-claim-employment-expenses</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has tightened up the process for claiming tax deductible employment expenses following a series of high-profile scandals.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-12-13T12:21:26+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Mind the NIC gap!]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/mind-the-ni-gap" />
            <id>https://staging.b20wessex.co.uk/articles/mind-the-ni-gap</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[When was the last time you checked your national insurance (NI) record for unexpected gaps or viewed your state pension forecast?]]>
            </summary>
                                    <category term="National Insurance" />
                        <updated>2024-12-13T12:15:42+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Pensions to lose IHT exemption]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/pensions-to-lose-iht-exemption" />
            <id>https://staging.b20wessex.co.uk/articles/pensions-to-lose-iht-exemption</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[At the Autumn Budget the Chancellor announced plans to remove the exemption which allows unused pension funds to be inherited tax free.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-12-13T12:13:22+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Non-doms regime abolished]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/non-doms-regime-abolished" />
            <id>https://staging.b20wessex.co.uk/articles/non-doms-regime-abolished</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[As expected, the Chancellor has confirmed the abolition of the generous tax regime enjoyed by non-UK-domiciled individuals, or ‘non-doms’]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-11-02T12:32:45+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT exemption removed from private schools]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-exemption-removed-from-private-schools" />
            <id>https://staging.b20wessex.co.uk/articles/vat-exemption-removed-from-private-schools</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Private schools will need to register for VAT and charge output VAT on education and boarding services when the exemption that currently applies is removed from 1 January 2025.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2024-11-02T12:28:56+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[SDLT: Higher Rate for Additional Dwellings increased]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/sdlt-higher-rate-for-additional-dwellings-increased" />
            <id>https://staging.b20wessex.co.uk/articles/sdlt-higher-rate-for-additional-dwellings-increased</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The stamp duty land tax (SDLT) surcharge levied on purchases of second and subsequent homes has been increased from 3% to 5% with immediate effect]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-11-02T12:27:52+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Inheritance tax reform]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/inheritance-tax-reform" />
            <id>https://staging.b20wessex.co.uk/articles/inheritance-tax-reform</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Chancellor has extended the current freeze on inheritance tax (IHT) thresholds until 2030 and announced changes to the treatment of inherited pensions and other IHT reliefs.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-11-02T12:53:32+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Another handbrake turn on double cab pick-ups]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/another-handbrake-turn-on-double-cab-pick-ups" />
            <id>https://staging.b20wessex.co.uk/articles/another-handbrake-turn-on-double-cab-pick-ups</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Reversing the previous Government's u-turn on the tax treatment of double cab pick-ups, they will revert to being treated as cars for certain taxation purposes from April 2025.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-11-02T12:19:48+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Bad news for hybrid vehicles]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/bad-news-for-hybrid-vehicles" />
            <id>https://staging.b20wessex.co.uk/articles/bad-news-for-hybrid-vehicles</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Showing renewed commitment to promoting electric vehicles over petrol, diesel and hybrid models, the Government has extended the 100% first year allowance for zero-emission cars.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-11-02T12:16:26+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Capital gains tax on investment disposals]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/capital-gains-tax-on-investment-disposals" />
            <id>https://staging.b20wessex.co.uk/articles/capital-gains-tax-on-investment-disposals</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The rates of capital gains tax (CGT) payable on gains arising from assets other than residential property have been increased with immediate effect]]>
            </summary>
                                    <category term="Property" />
                        <updated>2024-11-02T12:15:04+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Employer's national insurance increased]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/employers-national-insurance-increased" />
            <id>https://staging.b20wessex.co.uk/articles/employers-national-insurance-increased</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Chancellor has announced that the main rate of secondary Class 1 national insurance contributions (NIC) for employers will increase by 1.2 percentage points from 13.8% to 15% from April 2025.]]>
            </summary>
                                    <category term="National Insurance" />
                        <updated>2024-11-02T12:12:53+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Changes to bereavement forms]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/changes-to-bereavement-forms" />
            <id>https://staging.b20wessex.co.uk/articles/changes-to-bereavement-forms</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has completed a long-overdue overhaul of the forms and associated guidance used to report chargeable events on which inheritance tax (IHT) is due on a trust.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-09-17T07:43:59+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Workplace nurseries]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/workplace-nurseries" />
            <id>https://staging.b20wessex.co.uk/articles/workplace-nurseries</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Providing a nursery can be a powerful way to attract and retain staff, with childcare costs in the UK among the highest in the world.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <category term="Employee Benefits" />
                        <updated>2024-09-17T07:43:51+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Corporation Tax small profits rate]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/corporation-tax-small-profits-rate" />
            <id>https://staging.b20wessex.co.uk/articles/corporation-tax-small-profits-rate</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Certain types of company are not eligible to apply the small profits rate for corporation tax, regardless of their profit levels.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2024-09-17T07:34:50+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Making Tax Digital: jointly-owned property]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/making-tax-digital-jointly-owned-property" />
            <id>https://staging.b20wessex.co.uk/articles/making-tax-digital-jointly-owned-property</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From April 2026, sole traders and landlords with qualifying income over £50,000 will have to comply with the Making Tax Digital (MTD) for Income Tax requirements.]]>
            </summary>
                                    <category term="Property Income" />
                        <updated>2024-09-17T07:34:38+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Furnished Holiday Lettings regime abolished]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/furnished-holiday-lettings-regime-abolished" />
            <id>https://staging.b20wessex.co.uk/articles/furnished-holiday-lettings-regime-abolished</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has published draft legislation explaining how the abolition of the special tax rules for furnished holiday lettings (FHLs) will work.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-09-17T07:34:23+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[RTI reporting changes delayed]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/rti-reporting-changes-delayed" />
            <id>https://staging.b20wessex.co.uk/articles/rti-reporting-changes-delayed</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has delayed planned changes to real-time information (RTI) reporting requirements for employee hours worked.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-09-17T07:34:05+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Reporting rules for digital platforms]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/reporting-rules-for-digital-platforms" />
            <id>https://staging.b20wessex.co.uk/articles/reporting-rules-for-digital-platforms</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From 1 January 2024 online platforms such as websites, online marketplaces and apps that allow individuals and businesses to sell items and services are required to collect and report seller information and income to HMRC.]]>
            </summary>
                                    <category term="Benefits" />
                        <category term="Personal Tax" />
                        <updated>2024-07-06T10:35:10+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[New VAT compliance test for CIS]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/new-vat-compliance-test-for-cis" />
            <id>https://staging.b20wessex.co.uk/articles/new-vat-compliance-test-for-cis</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has issued guidance on various changes to the existing construction industry scheme (CIS) rules.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2024-07-06T10:31:07+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Consider restarting child benefit]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/consider-restarting-child-benefit" />
            <id>https://staging.b20wessex.co.uk/articles/consider-restarting-child-benefit</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The clawback threshold for the high-income child benefit charge (HICBC) was increased to £60,000 from 6 April 2024.]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2024-07-06T10:31:23+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Commuting costs guidance updated]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/commuting-costs-guidance-updated" />
            <id>https://staging.b20wessex.co.uk/articles/commuting-costs-guidance-updated</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has updated its guidance to clarify the tax position of reimbursed travel costs for hybrid workers.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-07-06T10:31:30+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Basis period reform: additional profits]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/basis-period-reform-additional-profits" />
            <id>https://staging.b20wessex.co.uk/articles/basis-period-reform-additional-profits</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From 6 April 2024 all unincorporated businesses (sole traders and partners in a partnership) are required to report profits or losses in line with the tax year.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-06-17T08:31:01+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Cash basis by default]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cash-basis-by-default" />
            <id>https://staging.b20wessex.co.uk/articles/cash-basis-by-default</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From 6 April 2024 the cash basis has replaced accruals as the default method for preparing sole trader and partnership accounts for tax purposes.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-06-17T08:25:33+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Voluntary Class 2 NIC wrongly refunded]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/voluntary-class-2-nic-wrongly-refunded" />
            <id>https://staging.b20wessex.co.uk/articles/voluntary-class-2-nic-wrongly-refunded</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If you made voluntary Class 2 national insurance contributions (NIC) for the 2022-23 tax year, check whether this payment has been refunded in error by HMRC.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-06-17T08:15:05+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Major R&D scheme overhaul]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/major-rd-scheme-overhaul" />
            <id>https://staging.b20wessex.co.uk/articles/major-rd-scheme-overhaul</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[A new merged research and development (R&D) scheme has come into effect for periods beginning on or after 1 April 2024.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2024-06-17T08:10:54+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT on energy saving materials]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-on-energy-saving-materials" />
            <id>https://staging.b20wessex.co.uk/articles/vat-on-energy-saving-materials</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The zero rate of VAT has been extended to include the installation of additional energy-saving materials (ESMs) from 1 February 2024.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2024-06-17T08:06:40+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Capital allowances for partnerships]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/capital-allowances-for-partnerships" />
            <id>https://staging.b20wessex.co.uk/articles/capital-allowances-for-partnerships</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has clarified the rules relating to capital allowances claims in mixed partnerships, confirming that all partners subject to corporation tax are eligible for enhanced capital allowances.]]>
            </summary>
                                    <category term="Partnership Income" />
                        <updated>2024-03-25T07:44:35+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Advisory fuel rates]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/advisory-fuel-rates2" />
            <id>https://staging.b20wessex.co.uk/articles/advisory-fuel-rates2</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has updated the recommended reimbursement rates for employees reclaiming business travel in company vehicles.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-03-25T07:43:55+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Subpostmasters' compensation]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/subpostmasters-compensation" />
            <id>https://staging.b20wessex.co.uk/articles/subpostmasters-compensation</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[There are currently three forms of compensation being awarded to subpostmasters following the Horizon scandal and each will have different tax implications.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2024-03-25T07:41:58+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Making Tax Digital: quarterly update returns]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/making-tax-digital-quarterly-update-returns" />
            <id>https://staging.b20wessex.co.uk/articles/making-tax-digital-quarterly-update-returns</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD SA) as announced in the Autumn Statement 2023.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2024-03-25T07:41:47+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Mandatory payrolling of benefits]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/mandatory-payrolling-of-benefits" />
            <id>https://staging.b20wessex.co.uk/articles/mandatory-payrolling-of-benefits</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2024-03-25T07:39:09+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Crypto investors urged to declare gains]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/crypto-investors-urged-to-declare-gains" />
            <id>https://staging.b20wessex.co.uk/articles/crypto-investors-urged-to-declare-gains</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has reminded investors in cryptoassets that they should declare any income or gains above the tax-free allowance on a tax return.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-03-25T07:38:43+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Student loans and basis period reform]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/student-loans-and-basis-period-reform" />
            <id>https://staging.b20wessex.co.uk/articles/student-loans-and-basis-period-reform</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[New guidance from HMRC confirms that profits used to assess student loan repayments and entitlement to student finance will include transitional profits from basis period reform.]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2024-03-25T07:37:58+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[CGT higher rate on dwellings reduced]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cgt-higher-rate-on-dwellings-reduced" />
            <id>https://staging.b20wessex.co.uk/articles/cgt-higher-rate-on-dwellings-reduced</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The higher rate of capital gains tax (CGT) for residential property disposals will be cut from 28% to 24% from 6 April 2024.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-03-14T12:27:22+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Multiple dwellings relief for SDLT scrapped]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/multiple-dwellings-relief-for-sdlt-scrapped" />
            <id>https://staging.b20wessex.co.uk/articles/multiple-dwellings-relief-for-sdlt-scrapped</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Multiple dwellings relief (MDR) can significantly reduce the stamp duty land tax (SDLT) payable on the purchase of two or more properties in one transaction.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-03-14T12:25:55+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[High income child benefit charge threshold increased]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/high-income-child-benefit-charge-threshold-increased" />
            <id>https://staging.b20wessex.co.uk/articles/high-income-child-benefit-charge-threshold-increased</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The threshold for earnings above which you have to pay back some or all of your child benefit will be increased from 6 April 2024 with a full overhaul of the regime promised in April 2026.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-03-14T12:22:58+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Two new products for UK savers]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/two-new-products-for-uk-savers" />
            <id>https://staging.b20wessex.co.uk/articles/two-new-products-for-uk-savers</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Two new savings products have been announced, aimed at supporting growth of UK companies and encouraging a culture of saving.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-03-14T12:28:02+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Non-dom reforms]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/non-dom-reforms" />
            <id>https://staging.b20wessex.co.uk/articles/non-dom-reforms</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The remittance basis tax relief offered to non-UK domiciled individuals (non-doms) will be removed and replaced with a simpler residence-based regime from 6 April 2025.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2024-03-14T12:21:22+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Furnished holiday lets relief to be scrapped]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/furnished-holiday-lets-relief-to-be-scrapped" />
            <id>https://staging.b20wessex.co.uk/articles/furnished-holiday-lets-relief-to-be-scrapped</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Owners of furnished holiday lets will lose their entitlement to favourable income tax, capital gains tax and capital allowances as the FHL scheme is abolished.]]>
            </summary>
                                    <category term="Property Income" />
                        <category term="Personal Tax" />
                        <updated>2024-03-14T12:19:49+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT registration threshold raised]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-registration-threshold-raised" />
            <id>https://staging.b20wessex.co.uk/articles/vat-registration-threshold-raised</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The earnings threshold above which businesses must register for and start charging VAT has been increased.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2024-03-14T12:19:37+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[National insurance rates cut again]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/national-insurance-rates-cut-again" />
            <id>https://staging.b20wessex.co.uk/articles/national-insurance-rates-cut-again</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The headline news from the Spring Budget was further cuts to national insurance contributions (NIC) of 2% each for self-employed taxpayers and employees.]]>
            </summary>
                                    <category term="National Insurance" />
                        <updated>2024-03-14T12:15:54+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Charging your electric company car at home]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/charging-your-electric-company-car-at-home" />
            <id>https://staging.b20wessex.co.uk/articles/charging-your-electric-company-car-at-home</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2023-11-27T08:02:13+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Two new R&D forms]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/two-new-rd-forms" />
            <id>https://staging.b20wessex.co.uk/articles/two-new-rd-forms</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has introduced two new measures to tackle the rise in fraudulent research and development (R&D) claims.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2023-11-27T07:59:52+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Submit VAT claims digitally for DIY house builds]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/submit-vat-claims-digitally-for-diy-house-builds" />
            <id>https://staging.b20wessex.co.uk/articles/submit-vat-claims-digitally-for-diy-house-builds</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Individuals who build their own home, or complete part of the build project themselves, are entitled to reclaim the VAT paid on materials under the VAT homebuilders scheme.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2023-11-27T07:56:01+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Overlap relief online tool]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/overlap-relief-online-tool" />
            <id>https://staging.b20wessex.co.uk/articles/overlap-relief-online-tool</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The online form for requesting overlap relief information for basis period reform is now live.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2023-11-27T07:52:17+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[MTD simplification]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/mtd-simplification" />
            <id>https://staging.b20wessex.co.uk/articles/mtd-simplification</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[A dramatic simplification of the MTD processes to be introduced in 2026 including no EOPS; cumulative submissions each quarter; and restrictions for complex situations.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2023-11-27T07:49:59+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[NLW and NMW increased]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/nlw-and-nmw-increased" />
            <id>https://staging.b20wessex.co.uk/articles/nlw-and-nmw-increased</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The national living wage (NLW) will increase by 9.8% to £11.44 per hour from April 2024. The higher rate will also apply to 21 and 22-year-olds for the first time.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2023-11-27T07:48:14+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Cash basis to replace accruals]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cash-basis-to-replace-accruals" />
            <id>https://staging.b20wessex.co.uk/articles/cash-basis-to-replace-accruals</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting).]]>
            </summary>
                                    <category term="Personal Tax" />
                        <category term="Employee Benefits" />
                        <updated>2023-11-27T07:48:01+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[National insurance rates cut]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/national-insurance-rates-cut" />
            <id>https://staging.b20wessex.co.uk/articles/national-insurance-rates-cut</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Chancellor has announced cuts to national insurance contributions for self-employed taxpayers and employees.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2023-11-27T07:41:05+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[A guide to the Autumn Statement 2023]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/a-guide-to-the-autumn-statement-2023" />
            <id>https://staging.b20wessex.co.uk/articles/a-guide-to-the-autumn-statement-2023</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[A guide to the Autumn Statement 2023 (including key announcements from the Spring Budget coming into effect next year).]]>
            </summary>
                                    <category term="Budget" />
                        <updated>2023-11-23T09:39:55+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Deadline extended for voluntary NIC payments]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/deadline-extended-for-voluntary-nic-payments" />
            <id>https://staging.b20wessex.co.uk/articles/deadline-extended-for-voluntary-nic-payments</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has given taxpayers an extra two years to plug any gaps in their NIC record from April 2006.]]>
            </summary>
                                    <category term="National Insurance" />
                        <updated>2023-09-08T07:32:22+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Keeping a child benefit entitlement]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/keeping-a-child-benefit-entitlement" />
            <id>https://staging.b20wessex.co.uk/articles/keeping-a-child-benefit-entitlement</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Claiming child benefit is, after the initial claim, an incredibly straightforward process (subject to the issues raised above regarding higher earners).]]>
            </summary>
                                    <category term="Benefits" />
                        <updated>2023-09-08T07:23:57+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Merged R&D relief scheme]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/merged-rd-relief-scheme" />
            <id>https://staging.b20wessex.co.uk/articles/merged-rd-relief-scheme</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If your company undertakes research and development (R&D) you will usually benefit from generous tax relief.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2023-09-08T07:25:44+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Influencers subject to tax on non-cash gifts]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/influencers-subject-to-tax-on-non-cash-gifts" />
            <id>https://staging.b20wessex.co.uk/articles/influencers-subject-to-tax-on-non-cash-gifts</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[There is currently no legislation specifically targeted at social media influencers, however the fast-growing industry is very much on HMRC's radar.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <category term="Personal Tax" />
                        <updated>2023-09-08T07:31:24+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Relaxation of rules on self assessment for child benefit]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/relaxation-of-rules-on-self-assessment-for-child-benefit" />
            <id>https://staging.b20wessex.co.uk/articles/relaxation-of-rules-on-self-assessment-for-child-benefit</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[In families where child benefit is claimed, it is important that the individual or couple receiving the child benefit keeps a close eye on their income level.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2023-09-08T07:22:44+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[HMRC demands more data]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/hmrc-demands-more-data" />
            <id>https://staging.b20wessex.co.uk/articles/hmrc-demands-more-data</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC has confirmed that requirements to report additional information will come into effect from the 2025-26 tax year or possibly a later period.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2023-09-08T07:29:40+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Nationwide Building Society bonus]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/nationwide-building-society-bonus" />
            <id>https://staging.b20wessex.co.uk/articles/nationwide-building-society-bonus</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Nationwide Building Society has paid what is described as a 'fairer share' of £100 each to around three million of its customers.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2023-09-08T07:33:50+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Pensions update - changes to income tax for beneficiaries]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/pensions-update-changes-to-income-tax-for-beneficiaries" />
            <id>https://staging.b20wessex.co.uk/articles/pensions-update-changes-to-income-tax-for-beneficiaries</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[In Spring Budget 2023 the Chancellor announced a welcome change to the tax treatment of pensions - the scrapping of the Lifetime Allowance (LTA).]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2023-09-08T07:34:46+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Vacancy - Payroll Assistant]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vacancy-payroll-assistant" />
            <id>https://staging.b20wessex.co.uk/articles/vacancy-payroll-assistant</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Processing clients weekly/monthly payrolls – calculating pay deductions.
Issuing reports, payslips – paper, email, portal.]]>
            </summary>
                                    <category term="Company News" />
                        <updated>2023-07-13T16:13:24+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Avoid payroll problems with duplicated employees]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/avoid-payroll-problems-with-duplicated-employees" />
            <id>https://staging.b20wessex.co.uk/articles/avoid-payroll-problems-with-duplicated-employees</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[A persistent bug in the PAYE system is caused by the HMRC computer creating a duplicate employment record which it then uses to demand PAYE for wages which have not been paid.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2023-05-31T07:39:48+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Sales till manipulation]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/sales-till-manipulation" />
            <id>https://staging.b20wessex.co.uk/articles/sales-till-manipulation</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The traditional way to hide sales from HMRC is to take payment in cash and not put it through the books. Nowadays technology helps dishonest traders to hide sales by using electronic sales suppression (ESS) software.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <category term="Fraud" />
                        <updated>2023-05-31T07:36:57+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Student loans, property and pensions]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/student-loans-property-and-pensions" />
            <id>https://staging.b20wessex.co.uk/articles/student-loans-property-and-pensions</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Student loan repayments (SLR) are normally deducted under PAYE from employment income so many people incorrectly assume that SLR are not due on other 'unearned income' such as rent or pensions.]]>
            </summary>
                                    <category term="Capital investment" />
                        <updated>2023-05-31T07:34:18+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT on land and buildings]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-on-land-and-buildings" />
            <id>https://staging.b20wessex.co.uk/articles/vat-on-land-and-buildings</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[When purchasing commercial premises you need to know whether VAT will be added to the price as the stamp duty land tax charge (or similar taxes in Wales or Scotland) is calculated on the VAT inclusive value.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2023-05-31T07:32:09+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT on work in pharmacies]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-on-work-in-pharmacies" />
            <id>https://staging.b20wessex.co.uk/articles/vat-on-work-in-pharmacies</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[For a medical service to be exempt from VAT it must generally be performed by a registered health professional or a staff member who is directly supervised by a registered health professional.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2023-05-31T07:43:49+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[What state pension will you receive?]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/what-state-pension-will-you-receive" />
            <id>https://staging.b20wessex.co.uk/articles/what-state-pension-will-you-receive</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The amount of your state pension is largely determined by how many years of NIC you have completed during your working life. You can check your NIC record in your online personal tax account (www.gov.uk/personal-tax-account).]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2023-05-31T07:43:38+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Getting ready to retire]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/getting-ready-to-retire" />
            <id>https://staging.b20wessex.co.uk/articles/getting-ready-to-retire</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The changes to the pension rules announced in the Spring Budget were designed to dissuade higher earners from retiring early to avoid pension charges on high contributions but the new rules could have the opposite effect.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2023-05-31T07:25:17+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Excess mileage payments]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/excess-mileage-payments" />
            <id>https://staging.b20wessex.co.uk/articles/excess-mileage-payments</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Petrol and diesel pump prices are high but the tax-free mileage rates payable to employees who use their own vehicles for business have not been adjusted for over a decade.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2023-05-31T07:23:13+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Settle the tax with a PSA]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/settle-the-tax-with-a-psa" />
            <id>https://staging.b20wessex.co.uk/articles/settle-the-tax-with-a-psa</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Occasionally you may reward your employees with something special such as a holiday or a hamper. If the value exceeds the tax-free amount permitted under the rules for say long service awards, trivial benefits or staff suggestions it will be taxable.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2023-05-31T07:20:11+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Budget Briefing Spring 2023]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/budget-briefing-spring-2023" />
            <id>https://staging.b20wessex.co.uk/articles/budget-briefing-spring-2023</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Our comprehensive analysis of the Chancellor's Spring 2023 budget covers R&D tax relief, the seed enterprise investment scheme, free childcare, pension allowances, pension savings, corporation tax and capital allowances.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <category term="VAT (Value Added TAX)" />
                        <category term="Capital investment" />
                        <category term="Employee Benefits" />
                        <category term="Corporation Tax" />
                        <category term="Self Employed Income" />
                        <updated>2023-03-20T10:35:37+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Mind the NIC gap]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/mind-the-nic-gap" />
            <id>https://staging.b20wessex.co.uk/articles/mind-the-nic-gap</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[You can check the NIC record over your entire working life on your online personal tax account (www.gov.uk/personal-tax-account). This will also provide an estimate of the state retirement pension you should expect to receive when you retire.]]>
            </summary>
                                    <category term="National Insurance" />
                        <updated>2023-03-03T07:57:06+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Recognising capital losses]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/recognising-capital-losses" />
            <id>https://staging.b20wessex.co.uk/articles/recognising-capital-losses</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The annual capital gains exemption (currently £12,300) may cover most of the capital gains that you make on your share portfolio. However that exemption will be cut to £6,000 on 6 April 2023 and £3,000 in April 2024.]]>
            </summary>
                                    <category term="Capital investment" />
                        <updated>2023-03-01T15:13:52+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[New VAT late-filing and late-payment penalties]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/new-vat-late-filing-and-late-payment-penalties" />
            <id>https://staging.b20wessex.co.uk/articles/new-vat-late-filing-and-late-payment-penalties</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[All VAT returns must now be submitted digitally using MTD compatible software (unless the business has an exemption) so the VAT penalties have been revised to fit with this new regime.  In addition to the new penalties for late VAT returns (see above) there is also a new system of penalties for late paid VAT.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2023-03-01T15:14:06+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Largest ever NMW rise]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/largest-ever-nmw-rise" />
            <id>https://staging.b20wessex.co.uk/articles/largest-ever-nmw-rise</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The national minimum wage (NMW) and national living wage (NLW) rates are due to rise significantly for pay periods starting on and after 1 April 2023. These increases - the largest since the NMW began - are being introduced because inflation is running at around 10%.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2023-03-01T15:14:19+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[MTD for income tax delayed again]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/mtd-for-income-tax-delayed-again" />
            <id>https://staging.b20wessex.co.uk/articles/mtd-for-income-tax-delayed-again</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Making tax digital for income tax self-assessment (MTD ITSA) was set to take effect from 6 April 2024. This has been postponed until 6 April 2026.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2023-03-03T07:57:27+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Coping with an HMRC nudge]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/coping-with-an-hmrc-nudge" />
            <id>https://staging.b20wessex.co.uk/articles/coping-with-an-hmrc-nudge</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Marketing companies know that personal letters sent directly to customers are more powerful than broadcast or printed adverts. HMRC is using this technique to recover unpaid tax.]]>
            </summary>
                                    <category term="Business Owner" />
                        <category term="VAT (Value Added TAX)" />
                        <updated>2023-03-03T07:57:40+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Planning dividends in 2023]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/planning-dividends-in-2023" />
            <id>https://staging.b20wessex.co.uk/articles/planning-dividends-in-2023</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Owners and directors of family businesses often take a small salary from the company and any extra funds as dividends. Other family members may also hold shares in the company and receive a dividend each year.]]>
            </summary>
                                    <category term="Business Owner" />
                        <category term="Personal Tax" />
                        <updated>2023-03-01T15:14:39+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Investment incentives]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/investment-incentives" />
            <id>https://staging.b20wessex.co.uk/articles/investment-incentives</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Companies can currently claim super-deduction allowances set at 130% of the cost of new plant and machinery or 50% of the purchase cost of certain fixtures and fittings for buildings. These super-deductions will expire on 31 March 2023.]]>
            </summary>
                                    <category term="Capital investment" />
                        <updated>2022-11-21T09:24:33+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Payroll matters]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/payroll-matters" />
            <id>https://staging.b20wessex.co.uk/articles/payroll-matters</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Companies can currently claim super-deduction allowances set at 130% of the cost of new plant and machinery or 50% of the purchase cost of certain fixtures and fittings for buildings. These super-deductions will expire on 31 March 2023.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2022-11-21T09:23:24+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT changes]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-changes" />
            <id>https://staging.b20wessex.co.uk/articles/vat-changes</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The VAT registration threshold has already been frozen at £85,000 since April 2017 and it will now be fixed at that level until April 2026. The Chancellor made the point that the UK's VAT registration threshold is more than twice as high as the average in OECD and EU countries so be prepared for this threshold to be cut in the future.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2022-11-21T09:21:45+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Corporation tax up]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/corporation-tax-up" />
            <id>https://staging.b20wessex.co.uk/articles/corporation-tax-up</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[When the current Prime Minister was Chancellor he announced an increase in the main rate of corporation tax to 25% to apply to profits above £250,000 from 1 April 2023. Under the previous administration this decision was reversed but the 25% rate will now apply next year.]]>
            </summary>
                                    <category term="Business Owner" />
                        <updated>2022-11-21T09:17:48+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Business rates]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/business-rates" />
            <id>https://staging.b20wessex.co.uk/articles/business-rates</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Properties subject to business rates will be revalued in 2023. Where the value has reduced compared to the last valuation point in 2017 that will translate to a rates reduction from April 2023.]]>
            </summary>
                                    <category term="Business Owner" />
                        <updated>2022-11-21T09:16:05+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Tax on dwellings held by companies]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/tax-on-dwellings-held-by-companies" />
            <id>https://staging.b20wessex.co.uk/articles/tax-on-dwellings-held-by-companies</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The annual tax on enveloped dwellings (ATED) applies where a residential property worth over £500,000 is held by a company and is not commercially let out or used for some other qualifying purpose. This tax currently starts at £3,800 per year but that starting rate will rise to £4,150 from April 2023.]]>
            </summary>
                                    <category term="Capital investment" />
                        <updated>2022-11-21T09:14:55+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Home buyers pay less stamp duty]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/home-buyers-pay-less-stamp-duty" />
            <id>https://staging.b20wessex.co.uk/articles/home-buyers-pay-less-stamp-duty</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[In September's mini-Budget the then Chancellor announced that the entry threshold for SDLT payable on residential properties would double to £250,000 for deals completed on or after 23 September 2022. This higher threshold will apply until April 2025.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <category term="Capital investment" />
                        <updated>2022-11-21T09:12:59+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Capital gains and inheritance tax]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/capital-gains-and-inheritance-tax-nov22" />
            <id>https://staging.b20wessex.co.uk/articles/capital-gains-and-inheritance-tax-nov22</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Capital gains made by individuals are generally taxed at lower rates to income and taxpayers benefit from a separate annual exemption that covers the first £12,300 of gains made per year.  This exemption will be reduced to £6,000 for the tax year 2023-24 and then to £3,000 for 2024-25. Any annual exemption unused in a tax year cannot be carried over to the next year.]]>
            </summary>
                                    <category term="Capital investment" />
                        <category term="Personal Tax" />
                        <updated>2022-11-21T09:11:10+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Income tax]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/income-tax-nov22" />
            <id>https://staging.b20wessex.co.uk/articles/income-tax-nov22</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The main income tax thresholds and allowances had already been frozen at the 2021-22 levels until 2026 and that has been extended to 6 April 2028.  The main income tax rates are unchanged for 2023-24 at: 20%, 40% and 45%.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2022-11-21T09:09:13+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Dividend tax]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/dividend-tax" />
            <id>https://staging.b20wessex.co.uk/articles/dividend-tax</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[In 2023-24 the cut in the dividend allowance will cost a basic rate taxpayer £87.50; a higher rate taxpayer £337.50; and an additional rate taxpayer £393.50 assuming that these individuals would use the full allowance]]>
            </summary>
                                    <category term="Personal Tax" />
                        <category term="Business Owner" />
                        <updated>2022-11-21T09:09:01+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Autumn Statement Newsletter 2022]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/autumn-statement-newsletter-2022" />
            <id>https://staging.b20wessex.co.uk/articles/autumn-statement-newsletter-2022</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[A summery and analysis of the Chancellor's Autumn statement.]]>
            </summary>
                                    <category term="Budget" />
                        <updated>2022-10-04T14:43:43+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Autumn Quarterly Digest]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/autumn-quarterly-digest" />
            <id>https://staging.b20wessex.co.uk/articles/autumn-quarterly-digest</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[An executive summary of key articles from Autumn and Summer 2022, with links to more information.]]>
            </summary>
                                    <category term="Quarterly Digest" />
                        <updated>2022-09-27T13:34:21+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT portal to close]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-portal-to-close" />
            <id>https://staging.b20wessex.co.uk/articles/vat-portal-to-close</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[All VAT registered businesses are now required to file VAT returns using MTD-compatible software and keep VAT records in a digital format. This applies from the start of the first VAT period for newly registered businesses.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2022-09-27T13:38:34+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Reporting UK property gains]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/reporting-uk-property-gains" />
            <id>https://staging.b20wessex.co.uk/articles/reporting-uk-property-gains</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[In 2020 HMRC introduced a new system for paying capital gains tax (CGT) due from selling residential property in the UK, but many solicitors and estate agents are still unaware of the new requirements.]]>
            </summary>
                                    <category term="Capital investment" />
                        <updated>2022-09-27T13:39:02+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Paying your income tax bill]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/paying-your-income-tax-bill" />
            <id>https://staging.b20wessex.co.uk/articles/paying-your-income-tax-bill</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Many self-employed people will find January 2023 a tough month as it is predicted that domestic fuel bills will increase again and income tax payments will be due.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2022-10-10T15:26:58+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Loans to employees]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/loans-to-employees" />
            <id>https://staging.b20wessex.co.uk/articles/loans-to-employees</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Many employers will advance modest loans to employees to meet upfront costs which they necessarily incur to enable them to work, such as a travel season ticket or a deposit for childcare costs. Such loans can also be provided to help towards other unexpected costs such as a car repair or gas bill.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2022-10-10T08:45:03+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Beware of early RTI returns]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/beware-of-early-rti-returns" />
            <id>https://staging.b20wessex.co.uk/articles/beware-of-early-rti-returns</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Employers must send their PAYE reports to HMRC on or before the day they pay their employees. The full payment submission (FPS) report sets out what has been paid and the deductions made.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2022-10-10T15:20:47+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Paying PAYE]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/paying-paye" />
            <id>https://staging.b20wessex.co.uk/articles/paying-paye</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[As an employer you can pay PAYE to HMRC using a direct debit (DD) but each DD authority only applies for a single payment, so the effort is hardly worth it.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2022-10-10T15:10:31+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Working at home deductions]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/working-at-home-deductions" />
            <id>https://staging.b20wessex.co.uk/articles/working-at-home-deductions</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[There are now almost 10 million people who work from home and can benefit from the tax-free allowance of £6 per week (£26 per month) which their employer may choose to pay.]]>
            </summary>
                                    <category term="Employee Benefits" />
                        <updated>2022-10-10T15:06:19+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Electronic sales suppression]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/electronic-sales-suppression" />
            <id>https://staging.b20wessex.co.uk/articles/electronic-sales-suppression</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Programming an electronic till to suppress the recording of sales amounts to tax evasion and HMRC can impose some serious penalties on retailers who do this.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <category term="Fraud" />
                        <updated>2022-10-10T15:17:59+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Cost of travelling to work]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cost-of-travelling-to-work" />
            <id>https://staging.b20wessex.co.uk/articles/cost-of-travelling-to-work</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Travelling to the workplace may now be unaffordable for some employees but employers who help by reimbursing travel expenses could be creating an extra tax burden for themselves and their employees.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2022-10-10T15:14:39+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Using your personal tax account]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/using-your-personal-tax-account" />
            <id>https://staging.b20wessex.co.uk/articles/using-your-personal-tax-account</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Your online personal tax account (PTA) is a useful source of information about your personal tax position and allows you to communicate with HMRC quickly and easily.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2022-07-18T10:02:28+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Beware of tax scams]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/beware-of-tax-scams" />
            <id>https://staging.b20wessex.co.uk/articles/beware-of-tax-scams</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Scammers are very aware of the tax payment deadlines and will step-up their efforts to divert payments from taxpayers to their own bank accounts.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <category term="Corporation Tax" />
                        <updated>2022-06-07T13:24:18+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Cost of living support]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cost-of-living-support" />
            <id>https://staging.b20wessex.co.uk/articles/cost-of-living-support</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Chancellor has announced a range of financial support measures to assist with energy costs. There is no direct support for businesses.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2022-06-07T13:22:24+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Preparing for MTD for income tax]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/preparing-for-mtd-for-income-tax" />
            <id>https://staging.b20wessex.co.uk/articles/preparing-for-mtd-for-income-tax</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The making tax digital (MTD) rules currently only apply for businesses that submit VAT returns. Those traders need to keep their VAT records in a digital format and transmit their VAT return data directly from their digital records to HMRC using MTD-compatible software.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2022-06-07T13:21:09+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Car or van questions]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/car-or-van-questions" />
            <id>https://staging.b20wessex.co.uk/articles/car-or-van-questions</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[When completing the annual expenses and benefits return (P11D) you need to know what company-provided vehicles each employee and director used in the tax year.]]>
            </summary>
                                    <category term="Business Owner" />
                        <category term="Employment &amp; Benefits" />
                        <updated>2022-06-07T13:19:58+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Tax implications of Homes for Ukraine]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/tax-implications-of-homes-for-ukraine" />
            <id>https://staging.b20wessex.co.uk/articles/tax-implications-of-homes-for-ukraine</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Ukrainian refugees are being hosted by private individuals and organisations in spare rooms and properties across the UK.
The Government is providing hosts with a monthly payment of £350 per property, administered by local authorities.]]>
            </summary>
                                    <category term="Charitable Giving" />
                        <category term="Property Income" />
                        <updated>2022-06-07T13:18:24+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Reporting employee expenses]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/reporting-employee-expenses" />
            <id>https://staging.b20wessex.co.uk/articles/reporting-employee-expenses</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[It is time to report the expenses and benefits provided to employees during the year to 5 April 2022. This reporting process is known as the P11D after the number of the relevant HMRC form although these days the report is normally a function within payroll software.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2022-06-07T13:16:34+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Trivial benefits for directors and family]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/trivial-benefits-for-directors-and-family" />
            <id>https://staging.b20wessex.co.uk/articles/trivial-benefits-for-directors-and-family</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[It is important to keep your personal money and your company's money completely separate. If you use your company's bank card to buy personal items or to pay your own bills, that expenditure is treated as a loan to you.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2022-06-07T13:15:21+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Changing NIC in July]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/changing-nic-in-july" />
            <id>https://staging.b20wessex.co.uk/articles/changing-nic-in-july</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The rates for national insurance contributions (NIC) increased by 1.25 percentage points for everyone on 6 April 2022. From 6 July the NIC starting threshold will rise to £12,570 per year (£1,048 per month) for employees.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2022-06-07T13:13:27+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Advisory fuel rates]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/advisory-fuel-rates" />
            <id>https://staging.b20wessex.co.uk/articles/advisory-fuel-rates</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The price of road fuel has increased significantly in the last few months and HMRC has responded by raising all the advisory fuel mileage rates for company cars from 1 December 2021.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2022-03-04T14:23:01+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Interest on late paid tax]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/interest-on-late-paid-tax" />
            <id>https://staging.b20wessex.co.uk/articles/interest-on-late-paid-tax</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[All late paid tax now carries interest at 3%. Where the tax has been outstanding for more than six months a 5% surcharge on the outstanding amount may also apply.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2022-03-04T14:21:03+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT on termination fees]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-on-termination-fees" />
            <id>https://staging.b20wessex.co.uk/articles/vat-on-termination-fees</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Contract termination fees can be a bitter pill to swallow when you just want out of an expensive agreement. What's worse is that some suppliers will charge VAT on top of the cancellation fee while others will not.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2022-03-04T14:19:31+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Cryptoassets are taxable]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cryptoassets-are-taxable" />
            <id>https://staging.b20wessex.co.uk/articles/cryptoassets-are-taxable</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[In uncertain times people instinctively look for alternative ways to invest and some may choose cryptoassets such as Bitcoin and non-fungible tokens. If you decide to go digital with your investments, think about how the profit or loss you make on these assets will be taxed.]]>
            </summary>
                                    <category term="Personal Tax" />
                        <updated>2022-03-04T14:18:39+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Tax on PPI interest]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/tax-on-ppi-interest" />
            <id>https://staging.b20wessex.co.uk/articles/tax-on-ppi-interest</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Do you remember those annoying 'claim back your PPI' adverts? Thousands of people received repayments, which included interest calculated at 8% on the PPI premiums refunded.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2022-03-04T14:15:19+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Declare your Covid-19 grants]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/declare-your-covid-19-grants" />
            <id>https://staging.b20wessex.co.uk/articles/declare-your-covid-19-grants</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Covid-19 support grants (CJRS, SEISS and Eat Out to Help Out) are taxable and should be declared on your business' tax return. For corporation tax (CT) you must report amounts received in the accounting period covered by the return, not grants claimed for the period and paid in a later period.]]>
            </summary>
                                    <category term="Business Owner" />
                        <updated>2022-03-04T14:13:37+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Valuation of let property]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/valuation-of-let-property" />
            <id>https://staging.b20wessex.co.uk/articles/valuation-of-let-property</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[When an individual dies everything they own is valued to calculate the inheritance tax (IHT) due on their estate. These assets include the deceased's main home and any let properties they may own.]]>
            </summary>
                                    <category term="Property Income" />
                        <updated>2022-03-04T14:10:53+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Covid-19 sick pay scheme ends]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/covid-19-sick-pay-scheme-ends" />
            <id>https://staging.b20wessex.co.uk/articles/covid-19-sick-pay-scheme-ends</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[As we are now at the 'living with Covid-19' stage of the pandemic the Government has decided to close the Covid-19-related statutory sick pay (SSP) rebate scheme on 17 March 2022.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2022-03-04T14:09:21+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Hospitality VAT rates increase]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/hospitality-vat-rates-increase" />
            <id>https://staging.b20wessex.co.uk/articles/hospitality-vat-rates-increase</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The hospitality and tourist sectors have been supported through the Covid-19 pandemic by being able to pay a reduced amount of VAT to HMRC in respect of most sales.  The reduced VAT rate was 5% from 15 July 2020 to 30 September 2021 and 12.5% from 1 October 2021 to 31 March 2022.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2022-03-04T14:06:16+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[MTD for VAT is compulsory]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/mtd-for-vat-is-compulsory" />
            <id>https://staging.b20wessex.co.uk/articles/mtd-for-vat-is-compulsory</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[For VAT periods starting on and after 1 April 2022 all VAT records must be recorded digitally and returns must be submitted under the Making Tax Digital (MTD) regime. If you are not already submitting your VAT returns using MTD-enabled software (or asking us to do so) you need to take action.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <category term="MTD and Online Tools" />
                        <updated>2022-03-04T14:04:30+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Use your basic rate band]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/use-your-basic-rate-band" />
            <id>https://staging.b20wessex.co.uk/articles/use-your-basic-rate-band</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Personal tax rates have been held steady for a few years, so it made no difference whether you extracted funds from your company in one tax year or the next.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-12-06T09:01:19+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Correcting furlough grants]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/correcting-furlough-grants" />
            <id>https://staging.b20wessex.co.uk/articles/correcting-furlough-grants</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC are now actively pursuing incorrect and fraudulent grant claims made under the coronavirus job retention scheme (CJRS) for wages of furloughed employees.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-12-06T08:58:59+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[HMRC challenges SEISS grant claims]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/hmrc-challenges-seiss-grant-claims" />
            <id>https://staging.b20wessex.co.uk/articles/hmrc-challenges-seiss-grant-claims</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The self-employed income support scheme (SEISS) grants were welcomed when they were distributed during the Covid-19 pandemic. Each recipient had to meet three conditions:]]>
            </summary>
                                    <category term="Business Owner" />
                        <updated>2021-12-06T08:56:45+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Paying tax to right account]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/paying-tax-to-right-account" />
            <id>https://staging.b20wessex.co.uk/articles/paying-tax-to-right-account</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Your business probably pays several different taxes to HMRC: corporation tax or income tax; VAT; and PAYE all at different intervals. If the tax payment is not correctly accounted for by HMRC and set against the right tax account for your business an erroneous tax debt may arise.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <category term="Employment &amp; Benefits" />
                        <updated>2021-12-06T08:54:17+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Benefits of electric vehicles]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/benefits-of-electric-vehicles" />
            <id>https://staging.b20wessex.co.uk/articles/benefits-of-electric-vehicles</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The fuel crisis last September has encouraged many people to consider buying an electric car.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-12-06T08:52:38+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[New late VAT penalties]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/new-late-vat-penalties" />
            <id>https://staging.b20wessex.co.uk/articles/new-late-vat-penalties</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Currently if you pay your VAT bill late you may receive a penalty of up to 15% of the late paid amount, even for a one-day delay. The Government agrees that this is harsh, so it is reforming the late-payment penalties for VAT periods starting on or after 1 April 2022.]]>
            </summary>
                                    <category term="VAT (Value Added TAX)" />
                        <updated>2021-12-06T08:50:42+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Make your Gift Aid donations now]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/make-your-gift-aid-donations-now" />
            <id>https://staging.b20wessex.co.uk/articles/make-your-gift-aid-donations-now</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Making a charitable donation in place of physical Christmas gifts is a worthy tradition in some families. This means that fewer unwanted items need to be quietly disposed of and as an added benefit the giver and the charity can both claim tax relief in the form of Gift Aid.]]>
            </summary>
                                    <category term="Charitable Giving" />
                        <updated>2021-12-06T08:47:40+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Delays to income tax repayments]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/delays-to-income-tax-repayments" />
            <id>https://staging.b20wessex.co.uk/articles/delays-to-income-tax-repayments</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The UK tax system is under attack from fraudsters who attempt to register numerous people for self assessment then submit false repayment claims.]]>
            </summary>
                                    <category term="Self Employed Income" />
                        <updated>2021-12-06T08:45:08+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[New MTD filing penalties]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/new-mtd-filing-penalties" />
            <id>https://staging.b20wessex.co.uk/articles/new-mtd-filing-penalties</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Filing VAT returns using making tax digital (MTD)-compatible software will be compulsory for all VAT registered traders for periods beginning on or after 1 April 2022 unless HMRC agrees that the taxpayer is exempt.]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2021-12-06T08:42:40+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Changes for self-employed tax returns]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/changes-for-self-employed-tax-returns" />
            <id>https://staging.b20wessex.co.uk/articles/changes-for-self-employed-tax-returns</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Making tax digital for income tax self assessment (MTD ITSA) will replace the self assessment tax return for unincorporated businesses from April 2024 for sole traders and from April 2025 for most partnerships.]]>
            </summary>
                                    <category term="Self Employed Income" />
                        <updated>2021-11-01T12:06:45+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Capital gains reporting pressure eased]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/capital-gains-reporting-pressure-eased" />
            <id>https://staging.b20wessex.co.uk/articles/capital-gains-reporting-pressure-eased</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If you sell a UK residential property subject to capital gains tax (CGT) you must report the gain and pay the tax within 30 days of the completion date of the deal.   The report generally has to be done online through a UK property account which needs to be activated for that purpose. The reporting must be repeated in your self assessment tax return after the end of the tax year. We can help you with CGT reporting.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2021-11-01T12:04:46+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[NIC rises for all]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/nic-rises-for-all" />
            <id>https://staging.b20wessex.co.uk/articles/nic-rises-for-all</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Two areas in the public sector that desperately need funding are the NHS and social care. To pay for these services the Government is raising a new tax: the health and social care (HSC) levy. This will be charged at 1.25% of income or profits for the employed and self-employed respectively from 6.4.23 as it takes time to adjust computer systems to collect a new tax.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-11-01T12:02:25+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Business rates reliefs]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/business-rates-reliefs" />
            <id>https://staging.b20wessex.co.uk/articles/business-rates-reliefs</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[High street shops, hospitality and leisure businesses were some of the hardest hit during the Covid-19 pandemic and many have not fully recovered. These businesses were granted 100% business rates relief during 2020-21 which continued until 30.6.21 for properties in England. Different rates reliefs apply in Scotland and Wales.]]>
            </summary>
                                    <category term="Property" />
                        <updated>2021-11-01T12:00:44+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Increases in income tax]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/increases-in-income-tax" />
            <id>https://staging.b20wessex.co.uk/articles/increases-in-income-tax</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The tax payable on dividends is set to rise from 7.5% to 8.75% for basic rate taxpayers from 6.4.22. Higher rate taxpayers will pay 33.75% on dividends and additional rate taxpayers must budget for dividend tax of 39.35%. These rates will apply to all dividends taken from all companies where the total dividend income exceeds the dividend allowance which has been held at £2,000 for 2022-23.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <category term="Self Employed Income" />
                        <updated>2021-11-01T11:55:51+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Capital investment encouraged]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/capital-investment-encouraged" />
            <id>https://staging.b20wessex.co.uk/articles/capital-investment-encouraged</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[In the March 2021 Budget the Chancellor announced a super-deduction scheme that provides a 130% deduction for the cost of new plant or equipment if it is purchased by a company before 1.4.23. Expenditure on other new assets such as fixtures and integral features in buildings can also qualify for a 50% first year deduction if purchased before 1.4.23.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <category term="Capital investment" />
                        <updated>2021-11-01T11:52:15+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Incentives for research and development]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/incentives-for-research-and-development" />
            <id>https://staging.b20wessex.co.uk/articles/incentives-for-research-and-development</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Research and development (R&D) tax reliefs can be very generous for small companies, giving a deduction of 230% of qualifying costs. However the categories of expenditure which qualify for R&D relief were defined over 20 years ago and do not include costs of a typical internet based business.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2021-11-01T11:47:50+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[National minimum wage rates rise]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/national-minimum-wage-rates-rise" />
            <id>https://staging.b20wessex.co.uk/articles/national-minimum-wage-rates-rise</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The national living wage (NLW) will rise to £9.50 per hour for pay periods starting on and after 1.4.22 along with the other national minimum wage rates (see table). Since 6.4.21 the NLW rate has applied to workers aged 23 and over.]]>
            </summary>
                                    <category term="Self Employed Income" />
                        <category term="Employment &amp; Benefits" />
                        <updated>2021-11-01T11:43:49+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Universal Credit claimants to keep more wages]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/universal-credit-claimants-to-keep-more-wages" />
            <id>https://staging.b20wessex.co.uk/articles/universal-credit-claimants-to-keep-more-wages</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Many employed and self-employed people claim Universal Credit as they have low or unpredictable levels of income. It provides a much needed top-up to their earnings but the benefit is reduced as the worker earns more due to the Universal Credit taper rate.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-11-01T11:34:11+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT changes for hospitality sector]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-changes-for-hospitality-sector" />
            <id>https://staging.b20wessex.co.uk/articles/vat-changes-for-hospitality-sector</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The hospitality and tourism sector has been enjoying a reduced rate of VAT (5%) since 15 July 2020. This rate applies to most supplies made by hotels, tourist attractions, members' clubs and most events venues. It also applies to the food and drink served in those premises and hot takeaway food and non-alcoholic drinks.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-09-16T08:18:50+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[What to include on your VAT invoice]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/what-to-include-on-your-vat-invoice" />
            <id>https://staging.b20wessex.co.uk/articles/what-to-include-on-your-vat-invoice</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC will block recovery of VAT on invoices that do not clearly state what goods or services were supplied. We have heard that HMRC officers are using this power to query the validity of invoices, particularly in the construction sector and from employment agencies.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-09-16T08:17:05+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Super capital allowances]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/super-capital-allowances" />
            <id>https://staging.b20wessex.co.uk/articles/super-capital-allowances</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Companies can now claim 'super' capital allowances on the purchase of new machinery and plant and to a lesser extent on certain new fixtures and fittings.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2021-09-16T08:09:54+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[How to carry back corporate losses]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/how-to-carry-back-corporate-losses" />
            <id>https://staging.b20wessex.co.uk/articles/how-to-carry-back-corporate-losses</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If your company suffered badly under the Covid-19 pandemic you can at least claim a tax repayment where the accounts show a loss and the company made profits in earlier years.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2021-09-16T08:07:49+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[How to get an income tax refund from losses]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/how-to-get-an-income-tax-refund-from-losses" />
            <id>https://staging.b20wessex.co.uk/articles/how-to-get-an-income-tax-refund-from-losses</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Many businesses have made large losses in the tax year 2020-21 which have eclipsed the profits made in the previous year and even the year before that. Those pandemic trading losses can be used to generate a tax refund by setting them against profits made from the same trade up to three years earlier.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-09-16T08:05:53+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Money back for working from home]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/money-back-for-working-from-home" />
            <id>https://staging.b20wessex.co.uk/articles/money-back-for-working-from-home</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If an employer has asked an employee to work from their own home, it can pay a tax-free allowance of £6 per week to compensate for any additional costs incurred.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-09-16T08:03:09+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Check your tax calculation]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/check-your-tax-calculation" />
            <id>https://staging.b20wessex.co.uk/articles/check-your-tax-calculation</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Individuals who are taxed under PAYE and who do not complete an annual tax return may receive a tax calculation (on form P800) from HMRC covering the previous tax year.]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2021-09-16T07:58:54+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Change to tax year basis]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/change-to-tax-year-basis" />
            <id>https://staging.b20wessex.co.uk/articles/change-to-tax-year-basis</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Unincorporated businesses which draw up accounts to a date other than on or between 31 March or 5 April may need to prepare for larger than normal tax bills for 2022-23.]]>
            </summary>
                                    <category term="Corporation Tax" />
                        <updated>2021-09-16T07:56:28+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Going digital in advance of MTD]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/going-digital-in-advance-of-mtd" />
            <id>https://staging.b20wessex.co.uk/articles/going-digital-in-advance-of-mtd</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[From 6 April 2023 all unincorporated businesses will have to keep their business records in a digital format and submit quarterly reports derived from those records to HMRC using MTD-compatible software. These are the basic obligations under making tax digital for income tax self assessment (MTD ITSA).]]>
            </summary>
                                    <category term="MTD and Online Tools" />
                        <updated>2021-09-16T07:54:32+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Beware of mini umbrella companies]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/beware-of-mini-umbrella-companies" />
            <id>https://staging.b20wessex.co.uk/articles/beware-of-mini-umbrella-companies</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Umbrella companies employ temporary workers such as contractors on behalf of employment agencies or very large companies. Alarm bells should ring if your workers have been promised non-taxable pay, higher take-home pay or have been asked to sign a loan or annuity agreement]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-05-31T09:37:29+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Business rates on empty properties]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/business-rates-on-empty-properties" />
            <id>https://staging.b20wessex.co.uk/articles/business-rates-on-empty-properties</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[As a landlord you may have lost income during the pandemic as tenants have left or gone into liquidation]]>
            </summary>
                                    <category term="Property" />
                        <updated>2021-05-31T09:37:07+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Postponed import VAT accounting]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/postponed-import-vat" />
            <id>https://staging.b20wessex.co.uk/articles/postponed-import-vat</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[As the UK is no longer a member of the EU, import VAT applies to all goods imported from the rest of the world into Great Britain (different rules apply for Northern Ireland) which do not qualify as small parcels (worth under £135).]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-05-31T09:33:40+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[How to report employee benefits]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/how-to-report-employee-benefits" />
            <id>https://staging.b20wessex.co.uk/articles/how-to-report-employee-benefits</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Employee expenses and benefits provided in the year to 5 April 2021 must be reported to HMRC by way of the P11D process by 6 July 2021]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-05-31T09:31:58+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[MTD for VAT: crunch time]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/mtd-for-vat-crunch-time" />
            <id>https://staging.b20wessex.co.uk/articles/mtd-for-vat-crunch-time</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Most VAT registered businesses were required to comply with the making tax digital (MTD) regulations for VAT periods beginning on or after 1 April 2019]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-05-31T09:30:09+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[CGT on sale of homes]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cgt-on-sale-of-homes" />
            <id>https://staging.b20wessex.co.uk/articles/cgt-on-sale-of-homes</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Capital gains tax (CGT) may be due when you sell a second home or a property that has not been occupied as your main home for the entire period of ownership.]]>
            </summary>
                                    <category term="Property" />
                        <updated>2021-05-31T09:30:29+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Avoid child benefit clawback]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/avoid-child-benefit-clawback" />
            <id>https://staging.b20wessex.co.uk/articles/avoid-child-benefit-clawback</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Couples who receive child benefit are in danger of having some of that benefit clawed back as a tax charge if the higher earner has annual income of over £50,000. When the higher earner has income exceeding £60,000 all of the family's child benefit is clawed back.]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2021-05-31T09:28:13+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Problems with holiday lets]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/problems-with-holiday-lets" />
            <id>https://staging.b20wessex.co.uk/articles/problems-with-holiday-lets</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Landlords of furnished holiday accommodation qualify for tax breaks if their property is available for short term lettings for at least 210 days a year and is actually let for 105 days in the year. Longer lets out of season are permitted but these must not exceed 155 days in total.]]>
            </summary>
                                    <category term="Property Income" />
                        <updated>2021-05-31T09:27:10+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Tax credit renewals]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/tax-credit-renewals" />
            <id>https://staging.b20wessex.co.uk/articles/tax-credit-renewals</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[All tax credit claimants should have received their renewal pack by 4 June 2021. If you have not received your renewal pack you should contact HMRC on 0345 300 3900.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-05-31T09:25:51+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Spring Budget 2021 Briefing]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/spring-budget-2021-briefing" />
            <id>https://staging.b20wessex.co.uk/articles/spring-budget-2021-briefing</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The B20 Wessex B20 Wessex, Spring Budget 2021 Tax Briefing is available for download.]]>
            </summary>
                                    <category term="Business Owner" />
                        <updated>2021-05-07T19:20:21+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Postponed import VAT accounting]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/postponed-import-vat-accounting" />
            <id>https://staging.b20wessex.co.uk/articles/postponed-import-vat-accounting</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Life outside of the EU is considerably more complicated for businesses in Great Britain who import goods, as import VAT applies to the value of most goods that come in. There are different rules for businesses in Northern Ireland.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-04-29T11:57:35+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Fraud in tax repayments]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/fraud-in-tax-repayments" />
            <id>https://staging.b20wessex.co.uk/articles/fraud-in-tax-repayments</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[It is a sad fact that some fraudsters have obtained SEISS grants by using innocent taxpayers' Government Gateway IDs and passwords. Once the ID has been proven to work, the fraudsters attempt to double their money by submitting false tax returns to claim tax refunds.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-04-29T09:10:52+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT debt paid in instalments]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-debt-paid-in-instalments" />
            <id>https://staging.b20wessex.co.uk/articles/vat-debt-paid-in-instalments</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[A year ago, at the start of the Covid-19 pandemic, the Government automatically deferred all VAT due to be paid to HMRC between 20 March to 30 June 2020. The direct debit to collect that VAT was not activated by HMRC and no interest or late payment surcharges have been charged on that debt until now.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-04-29T11:58:10+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT for sub-contractors in construction]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-for-sub-contractors-in-construction" />
            <id>https://staging.b20wessex.co.uk/articles/vat-for-sub-contractors-in-construction</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[A fundamental change to VAT charged within the construction industry came into effect on 1 March 2021.]]>
            </summary>
                                    <category term="Self Employed Income" />
                        <category term="VAT" />
                        <updated>2021-04-29T09:12:19+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[SDLT surcharge for non-residents]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/sdlt-surcharge-for-non-residents" />
            <id>https://staging.b20wessex.co.uk/articles/sdlt-surcharge-for-non-residents</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Stamp duty land tax (SDLT) applies to purchases of most land and buildings in England and Northern Ireland. Wales and Scotland impose different land taxes.]]>
            </summary>
                                    <category term="Property Income" />
                        <updated>2021-04-29T11:59:30+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Prepare for off-payroll working]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/prepare-for-off-payroll-working" />
            <id>https://staging.b20wessex.co.uk/articles/prepare-for-off-payroll-working</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The IR35 rules have been around for over 20 years but those rules have been redrawn and renamed 'off-payroll working'.]]>
            </summary>
                                    <category term="Self Employed Income" />
                        <updated>2021-04-29T11:59:48+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Free Covid-19 tests for employees]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/free-covid-19-tests-for-employees" />
            <id>https://staging.b20wessex.co.uk/articles/free-covid-19-tests-for-employees</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[All employers can now register to receive free rapid lateral flow Covid-19 tests for employees]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2021-04-29T09:15:57+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Fourth SEISS grant]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/fourth-seiss-grant" />
            <id>https://staging.b20wessex.co.uk/articles/fourth-seiss-grant</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Self-employed individuals will be able to apply for the fourth SEISS grant from late April if they submitted their tax return for 2019-20 by midnight on 2 March 2021 (it was due by 31 January 2021).]]>
            </summary>
                                    <category term="Self Employed Income" />
                        <updated>2021-04-29T12:04:30+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Ideal salary for 2021-22]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/ideal-salary-for-2021-22" />
            <id>https://staging.b20wessex.co.uk/articles/ideal-salary-for-2021-22</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[As the owner and director of your own company you decide how much salary to take each year. Paying yourself a small salary can be a good way to maintain your national insurance record to build up state benefit entitlements.]]>
            </summary>
                                    <category term="Business Owner" />
                        <category term="Self Employed Income" />
                        <category term="Employees &amp; Payroll" />
                        <updated>2021-05-04T10:39:06+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Furlough scheme extended]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/furlough-scheme-extended" />
            <id>https://staging.b20wessex.co.uk/articles/furlough-scheme-extended</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Some potentially good news for employers is the Chancellor’s decision to extend the furlough scheme in its current form until 30 June 2021. Employers can continue to claim 80% of each furloughed employee's usual wages for periods the employee is furloughed, up to £2,500 per employee per month.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-04-29T09:34:22+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Two new SEISS grants]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/two-new-seiss-grants" />
            <id>https://staging.b20wessex.co.uk/articles/two-new-seiss-grants</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[As a self-employed individual you may have been able to claim up to three grants under the self-employed income support scheme (SEISS) since the start of the pandemic.]]>
            </summary>
                                    <category term="Self Employed Income" />
                        <updated>2021-04-29T12:00:14+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Frozen bands and allowances]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/frozen-bands-and-allowances" />
            <id>https://staging.b20wessex.co.uk/articles/frozen-bands-and-allowances</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Income tax and national insurance contribution rates have been frozen for 2021-22 and are likely to remain frozen until the end of this Parliament in 2024.]]>
            </summary>
                                    <category term="Self Employed Income" />
                        <category term="Employees &amp; Payroll" />
                        <updated>2021-04-29T12:06:09+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Relief for business losses]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/relief-for-business-losses" />
            <id>https://staging.b20wessex.co.uk/articles/relief-for-business-losses</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Government have announced that they will permit businesses to carry back losses for up to three years.]]>
            </summary>
                                    <category term="Company Accounts" />
                        <updated>2021-04-29T09:28:53+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Points mean penalties]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/points-mean-penalties" />
            <id>https://staging.b20wessex.co.uk/articles/points-mean-penalties</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[HMRC is changing the way taxpayers interact with them in a project called making tax digital (MTD).]]>
            </summary>
                                    <category term="Company Accounts" />
                        <updated>2021-04-29T12:01:37+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Corporation tax complexity]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/corporation-tax-complexity" />
            <id>https://staging.b20wessex.co.uk/articles/corporation-tax-complexity</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The Chancellor announced that taxes would have to rise, but not quite yet, as all tax rates except for VAT are frozen for 2021-22.]]>
            </summary>
                                    <category term="Company Accounts" />
                        <updated>2021-04-29T12:02:06+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Super deduction for capital expenditure]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/super-deduction-for-capital-expenditure" />
            <id>https://staging.b20wessex.co.uk/articles/super-deduction-for-capital-expenditure</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Larger companies may have opted to wait until April 2023 before making major investments in plant or machinery to achieve tax relief of 25% on those costs following the increase in the corporation tax rate.]]>
            </summary>
                                    <category term="Company Accounts" />
                        <updated>2021-04-29T09:25:45+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Deferring tax due in 2021]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/deferring-tax-due-in-2021" />
            <id>https://staging.b20wessex.co.uk/articles/deferring-tax-due-in-2021</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[B20 Wessex, Spring Budget 2021 Tax Briefing]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-04-29T09:17:24+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT on international services]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-on-international-services" />
            <id>https://staging.b20wessex.co.uk/articles/vat-on-international-services</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The rate of VAT on services supplied to non-business customers in other EU countries normally depends on where the supplier is located or, for services related to land, where the land is located.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-04-29T12:03:10+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT on low value imports]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-on-low-value-imports" />
            <id>https://staging.b20wessex.co.uk/articles/vat-on-low-value-imports</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[There will be several VAT changes for businesses that import or export goods from 1 January 2021 as the rules that permit free movement of goods and people between the UK and the EU cease to apply from 11pm on 31 December 2020.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-04-29T09:18:22+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Refunds of VAT on overseas expenses]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/refunds-of-vat-on-overseas-expenses" />
            <id>https://staging.b20wessex.co.uk/articles/refunds-of-vat-on-overseas-expenses</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Before the Covid-19 pandemic, many of us would travel to Europe to meet customers or attend trade shows. VAT on business expenses incurred in another EU country up to 31 December 2020 can be reclaimed through HMRC's online VAT service.]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-04-29T12:03:38+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Report and pay CGT in 30 days]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/report-and-pay-cgt-in-30-days" />
            <id>https://staging.b20wessex.co.uk/articles/report-and-pay-cgt-in-30-days</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Capital gains tax (CGT) is normally payable by 31 January following the tax year in which you sold the asset. This can give you up to an extra 22 months to hold on to the full proceeds.]]>
            </summary>
                                    <category term="Business Owner" />
                        <updated>2021-04-29T09:19:10+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[SIX ways management accounting gives you a competitive advantage]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/management-accounting" />
            <id>https://staging.b20wessex.co.uk/articles/management-accounting</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Management accounting can help develop a clear picture of your monthly performance, financial year to date, performance against budget and previous years.]]>
            </summary>
                                    <category term="Management Accounts" />
                        <category term="VAT" />
                        <updated>2021-04-12T10:31:38+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT and bad debt relief]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-and-bad-debt-relief" />
            <id>https://staging.b20wessex.co.uk/articles/vat-and-bad-debt-relief</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Unless you use the VAT cash accounting scheme you have to account to HMRC for the VAT you charge on sales even if the customer does not pay you.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-04-29T12:04:00+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Is it a car or a van?]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/is-it-a-car-or-a-van" />
            <id>https://staging.b20wessex.co.uk/articles/is-it-a-car-or-a-van</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Whether your business buys a car or a van can make a big difference to the tax relief given on the cost of the vehicle and to the tax payable by the driver who...]]>
            </summary>
                                    <category term="Employment &amp; Benefits" />
                        <updated>2021-04-29T08:21:20+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Redundancy pay]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/redundancy-pay" />
            <id>https://staging.b20wessex.co.uk/articles/redundancy-pay</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Making staff redundant is hard for any small business as employees can become as close as family.  Any employees you let go are entitled to a written statement setting out the amount of their redundancy payment and how it was calculated so it is important to get this right.]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2021-04-29T08:19:04+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Job retention bonus]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/job-retention-bonus" />
            <id>https://staging.b20wessex.co.uk/articles/job-retention-bonus</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[To encourage employers to keep as many employees on the payroll as possible into 2021 the Government has promised to pay a job retention bonus to employers of £1,000 per employee.]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2021-04-29T08:16:36+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Report your sale in 30 days]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/report-your-sale-in-30-days" />
            <id>https://staging.b20wessex.co.uk/articles/report-your-sale-in-30-days</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[A new online system for paying and declaring CGT within 30 days of completion for sales of residential property was introduced from 6 April 2020.]]>
            </summary>
                                    <category term="Property" />
                        <updated>2021-04-29T08:15:13+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Making tax digital (MTD)]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/making-tax-digital-mtd" />
            <id>https://staging.b20wessex.co.uk/articles/making-tax-digital-mtd</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[The UK tax system is due an overhaul to streamline and digitalise the administration processes.]]>
            </summary>
                                    <category term="Company Accounts" />
                        <category term="Non-Profit Organisations" />
                        <updated>2021-04-29T10:02:24+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT zero rates]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-zero-rates" />
            <id>https://staging.b20wessex.co.uk/articles/vat-zero-rates</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[There are three rates of VAT applicable to sales in the UK: standard 20%, reduced 5% and zero 0%.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-04-29T08:30:56+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Sick pay refunds]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/sick-pay-refunds" />
            <id>https://staging.b20wessex.co.uk/articles/sick-pay-refunds</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If you have paid statutory sick pay (SSP) to employees who were unable to work because they had COVID-19 symptoms, or they self-isolated because someone in their household had such symptoms, you may be eligible to reclaim that SSP.]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2021-04-29T12:06:55+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Working at home expenses]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/working-at-home-expenses" />
            <id>https://staging.b20wessex.co.uk/articles/working-at-home-expenses</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Many workplaces are currently closed and employees working at home where possible to prevent the spread of COVID-19. This comes with advantages, not least avoiding the daily commute, but may also create costs for the employee such as additional power and water used whilst working.]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2021-04-29T12:07:13+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[CIS repayments]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/cis-repayments" />
            <id>https://staging.b20wessex.co.uk/articles/cis-repayments</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Subcontractors registered in the construction industry scheme (CIS) will normally have tax deducted from their invoices by the companies they work for.]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2021-04-29T08:25:54+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Off-payroll working deferred]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/off-payroll-working-deferred" />
            <id>https://staging.b20wessex.co.uk/articles/off-payroll-working-deferred</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Changes to the application of the IR35 rules (known as off-payroll working) were due to come into effect from 6 April 2020 but due to the COVID-19 pandemic those changes have been deferred until April 2021]]>
            </summary>
                                    <category term="Employees &amp; Payroll" />
                        <updated>2021-04-29T08:24:21+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Stamp duty holiday extended]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/stamp-duty-holiday-extended" />
            <id>https://staging.b20wessex.co.uk/articles/stamp-duty-holiday-extended</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Stamp duty land tax (SDLT) must normally be paid by purchasers when they buy residential property in England or Northern Ireland for more than £125,000.]]>
            </summary>
                                    <category term="Property" />
                        <updated>2021-04-29T09:37:13+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[VAT boost for hospitality]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/vat-boost-for-hospitality" />
            <id>https://staging.b20wessex.co.uk/articles/vat-boost-for-hospitality</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[Many hospitality venues have been closed for almost a year and are still unable to open under the Covid-19 restrictions. To help them survive this period, the Government has given them a 15% VAT reduction on most sales.]]>
            </summary>
                                    <category term="VAT" />
                        <updated>2021-04-29T12:08:11+00:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Trade slowing down]]></title>
            <link rel="alternate" href="https://staging.b20wessex.co.uk/articles/trade-slowing-down" />
            <id>https://staging.b20wessex.co.uk/articles/trade-slowing-down</id>
            <author>
                <name><![CDATA[B20 Wessex]]></name>
            </author>
            <summary type="html">
                <![CDATA[If your business is not making sales but you are still incurring costs, HMRC may refuse to repay the input VAT on purchases and ask you to cancel your VAT registration voluntarily as there are no business activities.]]>
            </summary>
                                    <category term="Business Owner" />
                        <updated>2021-04-29T08:32:16+00:00</updated>
        </entry>
    </feed>
