Latest blogs for Specialisms

30th June 2020 New electrical safety regulations for all landlords

While the Coronavirus pandemic holds our attention it is easy to overlook other changes taking place in its shadow. From 1 June 2020 new electrical safety regulations have come into force which apply to all new lettings of dwellings; from 1 July 2020 (tomorrow!) the regulations will be extended to cover all existing lettings of…

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8th June 2020 COVID-19: Implementation of VAT Reverse Charge on Construction Services – Delayed

HMRC has announced that the domestic reverse charge on constructions services, which is due to come into effect on 1 October 2020 has been delayed until 1 March 2021.  This will be welcome news as it provides businesses with additional time to prepare for the introduction of these new rules.   At Whiting & Partners…

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4th June 2020 Charity Commission: Reporting on matters of material significance

The Charity Commission released updated guidelines in April 2020 for auditors and independent examiners. This was based around the statutory duty to report to the charity regulators in the UK on matters of material significance.   The three main changes in this updated guidance are as follows: confirmation that difficulties in carrying out an audit…

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21st April 2020 Future Fund: New COVID-19 Support for Innovative Companies

As part of it`s support package for UK businesses during COVID-19, the Government have now launched, through the British Business Bank, a new initiative: Future Fund. This is aimed at helping businesses that regularly finance their operations through successive equity funding rounds (ie start-up TechCo`s).   Eligibility criteria: UK based businesses which have been operating…

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7th April 2020 COVID-19 – Furlough for IR35 Workers in the Public Sector

The Government has issued guidance notes to clarify the extent to which the Furloughing arrangements can be offered to all public sector workers including contingent workers being paid under PAYE, through an umbrella or their own personal service company.  This means that the scheme can be offered to those individuals who:   work through a…

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19th March 2020 IR35: Government delays private sector reforms

Only days after Budget 2020 confirmed that IR35 reforms to the private sector would go ahead, the changes have been postponed until 6 April 2021. Chief Secretary to the Treasury, Steve Barclay MP, confirmed “This is a deferral and not a cancellation”. Amongst the unintended consequences of this legislation, the lack of employment rights for…

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6th April 2020 Coronavirus delaying filing your Charity Annual Return?

All charities must file their Annual Return with the Charity Commission every year.   The Charity Commission have released guidance regarding the current situation for anyone affected by coronavirus. If you are due to submit an annual return, but are unable to due to the virus, you must contact the Charity Commission before the filing…

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11th March 2020 Budget 2020: What’s in it for TechCo’s?

As Chancellor Rishi Sunak sits down after presenting his first Budget to the Commons, the headlines will all relate to tackling Coronavirus and increased spending on our public services. Reading the small print, however, which is released by HMRC straight after the Budget, announcements that will be of interest to clients running technology companies include:…

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24th February 2020 An update for NHS staff on the annual allowance charge for 2019/20

Current Issues The introduction of the tapered pension annual allowance from 6 April 2016 has been a contentious issue for many, in particular senior NHS staff members. The legislation change means that, for high income individuals, the annual pension allowance may be reduced from £40,000 to a minimum of £10,000. Pension inputs in excess of…

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12th February 2020 Successful tax refund for grain silo treatment

A successful legal case claiming that grain silos should be treated as plant and machinery for corporation tax purposes – rather than land and buildings – has resulted in a successful tax refund claim by Whitings.   The claim was submitted following precedent set in the legal case, and resulted in a substantial tax refund…

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