Reminder: withdrawal of the ‘representative occupiers’ concession for living accommodation from 6 April 2021

14.07.20 / Insight posted in Articles, Brochures

Historically, a non-statutory exemption has applied in respect of employees provided with living accommodation and treated as representative occupiers since 5 April 1977. This exemption has also applied to successors to the particular post that carried representative occupier status. This exemption is an Extra Statutory Concession (ESC) and therefore not in legislation. HMRC have undertaken…


Reduction in the VAT rate: Practical points to consider

13.07.20 / Insight posted in Articles, Tax

The reduction in VAT rate to 5% Businesses providing services in the hospitality, holiday accommodation and attractions sectors will benefit from the reduction of standard rate VAT from 20% to 5%, effective from 15 July, and should be considering the wider potential opportunities that this can offer. Those organisations need to implement the necessary changes…


Media agencies: cash flow and funding – ensure yours is fit for the longer term

13.07.20 / Insight posted in Articles

Our recent survey of independent marketing services businesses revealed that 25% of those surveyed did not hold enough working capital. This shows that agencies have little headroom to deal with unforeseen, but inevitable, problems that occur throughout the business cycle: economic downturns, the loss of major client accounts, slow payment from clients etc. The fact…


Blockchain and crypto firms can claim R&D tax

13.07.20 / Insight posted in Articles

Blockchain technology has revolutionised the way data is controlled, providing unparalleled transparency and security. Through the decentralisation of platforms, intermediaries can be removed from transactions, providing a wide scope of benefits particularly within the financial services sector. Decentralised applications, or DApps, have the potential to remap the technological landscape, while DeFi could provide a viable…


Webinar recording – Independent schools virtual roundtable

13.07.20 / Insight posted in Articles, Webinars

Moore Kingston Smith and Rothschild & Co Wealth Management recently hosted a virtual education discussion to discuss the current Coronavirus pandemic and its effect on the sector. With a prestigious panel from ISBA, GDST, ISC and Rothschild & Co Wealth Management, the discussion focused on how independent schools have been coping during the pandemic and…


Webinar recording: through the crisis – strategy

10.07.20 / Insight posted in Articles, Webinars

Moore Kingston Smith has partnered with Quilter Cheviot and Browne Jacobson to bring you a series of weekly on-demand webinars specifically for the charity sector, focused on the 2020 Coronavirus pandemic. In the first webinar, the panel discusses the question “Is your strategy still right in the post pandemic world – are you in the…


Moore Kingston Smith Financial Advisers: Summer 2020 Bulletin

10.07.20 / Insight posted in Newsletters

In our Summer 2020 bulletin, we talk about a number of topics from holding your nerve with your investments during Coronavirus pandemic and planning towards your own century like Captain Tom. The pandemic has provided an awkward reminder for many people of things they prefer to ignore. Other articles include how solicitor firms, and our own…


Education Matters 2020

10.07.20 / Insight posted in Articles, Brochures

Welcome to the latest edition of Education Matters, our newsletter specifically for the education sector. In this issue: Off-payroll working rules for schools Introducing essential cyber defences for independent schools The Charity Governance Code for schools HMRC revised trivial benefits guidance The potential impact of overseas VAT Recruiting and retaining staff Irregular working hours Employment…


Reminder: clients with a Time to Pay arrangement who have also claimed the CJRS grant for furloughed staff

10.07.20 / Insight posted in Articles

In the last few weeks we have seen a number of organisations being contacted by HMRC in writing saying that the payment of the CJRS grant (for furloughed employees) was conditional on the employer paying the related PAYE tax, employer National Insurance Contributions (NICs) and pension contributions. The guidance says, “You must pay the full…


Webinar recording: setting up a structured wellbeing framework post Coronavirus

09.07.20 / Insight posted in Articles, Webinars

The welfare of employees has arguably never been so important to businesses. As we emerge from lockdown, and businesses return to the workplace, having a wellbeing framework in place is crucial in moving forward. In this webinar our speakers discuss the steps to be taken to establish a wellbeing framework and strategy in the workplace…