Category Archives: blog

Blog from Tax Compute, Cheltenham accountants, Gloucester accountants


UK government body has issued ten coronavirus related scams that we should be aware of and how to spot them.   So far, since lockdown began, Action Fraud has logged reports from 2,378 victims across the United Kingdom who have lost a total of more than £7,000,000 to scammers. So be careful.   There are a number […]


digital marketing

MAKING TAX DIGITAL – VAT Making Tax Digital (MTD) for VAT was launched in April 2019.   All VAT registered businesses above the VAT threshold (£85,000) are now recording and reporting their VAT affairs digitally to HM Revenue & Customs (HMRC) using approved MTD functional compatible software.  Businesses with more complex VAT affairs have an extension […]


The furlough scheme has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages – giving businesses and employees across the UK certainty into the New Year, the Chancellor announced on Wednesday. Certainty for millions of jobs and businesses as furlough scheme extended until the end of April […]

Why IR35 reform is bad for business and contractors

As already widely reported the controversial reforms to off-payroll working rules will go ahead in April 2021.   Several MPs including David Davis tabled an amendment to the Finance Bill to delay the bill until April 2023 but the motion was defeated back in July this year.  There have been other calls from other groups for […]


home office

HMRC are inviting self-employed individuals or members of a partnership who have been adversely affected by the pandemic (Coronavirus-19) to claim a second grant HMRC are inviting self-employed individuals or members of a partnership who have been adversely affected by the pandemic (Coronavirus-19) to claim a second grant referred to as the; self-employed income support […]

IR 35 review and how to stay out

bookkeeping accountancy gloucester

IR35 EMPLOYMENT VERSUS CONTRACTING In this article we will detail some tips on how to stay outside IR35 but it is also worth reviewing the benefits of permanent employment versus contracting. You may read the statement from Contractor websites that “To stay outside IR35 is crucial for the financial health of contractors”.   That statement is […]

Claiming mileage on private and company vehicles

car interior

It is worth a recap on this subject as the rules can be confusing.   Employees and employers alike can get very confused about the rules on what they can claim and what they can’t claim.    So let’s review the rules for claiming mileage allowance on business travel for both privately owned and company owned vehicles.   […]

Buy-to-let Mortgage Interest Tax Relief Changes

Tax accountancy Gloucester, tax accountancy London, tax accounting services Cheltenham

Up until the tax year 2016/2017 Landlords have been able to offset 100% of mortgage interest paid against rental income.   This is being phased out and replaced by a 20% tax credit allowance.   So landlords at the start of the 2020/2021 tax year will no longer qualify for relief on mortgage interest.   Instead they will […]

Self Employed Income Support Scheme

self employed, freelance

The scheme announced by the chancellor will provide grants to self-employed individuals or partnerships who are negatively impacted by COVID-19.    The grants are worth 80% of profits but up to a cap of £2,500. To be eligible for the scheme you must meet all the criteria below: You must be self-employed or a member of […]

Covid 19 – Government Support

help with covid 19

VAT Deferral main points HMRC Defers Valued Added Tax (VAT) payments for 3 months. All VAT-registered UK businesses are eligible. The deferral will only apply for the period from 20 March 2020 until 30 June 2020. This will mean the deferral of one quarter’s VAT due on either the 7 April, 7 May or 7 […]