Insights

The Coronavirus Job Retention Scheme has been extended until 30 September 2021.  The scheme will remain as it is until 30 June 2021. From 1 July 2021, the level of grant will be reduced and to remain eligible, employers will contribute towards the cost of furloughed...

The rates for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age)  will increase from 1 April 2021. The rates increase every April and the current and new rates are set out below. Age 23 &...

Tax Director Angela Keery considers the Spring Budget.  The Chancellor had a difficult balancing act to perform with this budget, supporting people, jobs and businesses through the Covid 19 pandemic whilst looking to the future. Mr Sunak has again made it clear with...

For businesses that took advantage of the opportunity to defer VAT payments for the period from 20 March to 30 June 2020, the deadline for making the repayment is 31st March 2021. Alternatively, they can opt in to the newly announced HMRC payment scheme and pay the...

This week, we catch up with Tax Manager, Chris Bradley. Chris joined Baker Tilly Mooney Moore in 2020, with a specialist knowledge of personal tax compliance, pension planning, incorporations and residency issues. “I had just started with Baker Tilly Mooney Moore...

If love is in the air for you this Valentine’s day, there may be some tax benefits to consider: With regards to Inheritance Tax, gifts given in consideration of marriage or civil partnership may be exempt from taxation. These include: The first £5,000 of a gift by a...

This week, we’re catching with up with Graduate Tax Trainee, Ciara Mallon. Ciara began working for Baker Tilly Mooney Moore in 2020 and has had a very busy January, dealing with the personal tax deadline for the first time! “Before graduating from Queen’s University...

We caught up with Restructuring and Insolvency Manager, Claire Mateer, to find out how she has found working from home during a year of lockdown. “I have two young children so when the lockdown was announced on 23 March 2020, I was thrown in at the deep end trying to...

Following a year of unforeseen and unparalleled change in the world of work, Consulting Partner Donal Laverty examines the key areas businesses should be focusing on in 2021 when it comes to their employees. Diversity and Inclusion Diversity makes good business sense,...

Grant Deadline Reminders  Self-Employment Income Support Scheme - the deadline for claims for the third round of grants is 29 January 2021.  Read more here. Newly Self-Employed Support Scheme - the deadline for applications is 5 February 2021.  Read more here. Loan...

The effects of the pandemic on local businesses, such as slashed revenues and emergency redundancies, have been costly, but so too has its cycle of lockdowns and the investment made by businesses to accommodate employees working from home and abide by wider guidelines...

The Limited Company Director’s Support Scheme provides an initial one-off taxable grant of £3,500 to eligible company directors. This scheme is now open for applications and closes on 18 February 2021. Check the eligibility and apply here. The Large Tourism and...