HMRC confirmed employees working from home can have a £6 per week or £26 per month allowance paid tax-free by employers or, during the pandemic, can claim a deduction from earnings for this allowance. The relaxation to enable employees working at home because of COVID-19 to claim a deduction (under 336 ITEPA 2003) where they have not been reimbursed by their employer (which would be exempt under s316A ITEPA 2003) was announced in a Parliamentary question answered on 27 March.
Inchmead’s Complex Matters Team, headed up by Graham Arnott, has been engaged with a UK lighting manufacturer to assist with the complex impact of Brexit on their business and their dealings with the European Union after 1 January 2021. Inchmead, a proposed member of INAA are working with INAA’s partner firm, Bornhausen Consulting, in Frankfurt. Brexit will have a far-reaching impact on the business, including VAT and cross-border movements of goods, transfer pricing and pla
Financial Planning Process Explained 1. Your goals In the initial meeting, we establish your life goals, personal circumstances, aspirations and concerns. We’ll discuss your objective and tell you more about how we work, as both individual advisers and as a company. We’ll explain how our charges work and ensure that you understand our approach before you incur any costs. 2. Your story At this stage, we start to gather all the relevant facts and financial information we need t