Insights

E-commerce – “just when you thought it was safe to go back in the water…” Businesses are still getting to grips with the trade, import taxes and VAT changes, following the end of the Transition Period on 31 December 2020. There is more just over the horizon with...

From April 2021 VAT registered businesses submitting VAT returns using Making Tax Digital (MTD) need to ensure digital links are in place within their records. Making Tax Digital has three main requirements: Records to be maintained digitally (from 1st April 2019) VAT...

The Finance Minister has announced £177.9 million in new business support grants to include:  £50,000 Grant £50,000 for businesses with a Net Annual Value (NAV) over £51,000 that are eligible for the 12 months rates holiday Exclusions apply and only one grant will be...

Joanne Small, Emma George & Ashleigh Shaw Did you know that 60% of our staff are female? On International Women’s Day 2021, we’re profiling some of Baker Tilly Mooney Moore’s outstanding female professionals and are looking at the challenges they’ve encountered...

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...