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NEWS


HMRC late payment interest rates to be revised after Bank of England increases base rate
It was announced on 11 May 2023 that The Bank of England Monetary Policy Committee would increase the Bank of England base rate to 4.5%...
Shepherd Partnership
May 22, 20231 min read


Business Energy Aid Toolkit
The Business Energy Aid Toolkit provides manufacturers with access to experts and equipment, helping you make significant reductions to...
Shepherd Partnership
May 21, 20231 min read


What has changed in the funding of social care?
Back in 2021 it was announced that social care in England was to be reformed. The original proposals included a cap on how much an...
Shepherd Partnership
May 17, 20231 min read


Farming News: Delinked Payments: updated guidance
DEFRA recently updated the guidance for delinked payments on GOV.UK. The guidance sets out whether you’re eligible for delinked payments,...
Shepherd Partnership
May 14, 20231 min read


Older people could be caught out by tax in 2023-24.
One reason state pension claimants might be caught out is the recent increase in the state pension. In April this year it rose from...
Shepherd Partnership
May 10, 20232 min read


Child benefit: Parents to be given state pension boost after Government plans to overhaul tax credit
Under recently announced reforms, the government wants to address the fact that some parents who have not claimed Child Benefit could...
Shepherd Partnership
May 3, 20231 min read


HMRC makes U-turn
HMRC had announced they were removing the option to download Self assessment (SA) tax return forms 2022/23 from gov.uk (which would have...
Shepherd Partnership
May 2, 20231 min read


Enterprise West Yorkshire Start Up Forum: 10th May
Shared from The City of Bradford Metropolitan District Council: Following the success of the first Start Up Forum in October 2022, West...
Shepherd Partnership
May 1, 20231 min read


Common VAT mistakes to avoid
Is a flapjack a cake or a biscuit? Does it matter? Well, for VAT purposes the answer is yes because one is zero rated and the other...
Shepherd Partnership
May 1, 20233 min read


Royal Mail
Royal Mail offered a settlement that has been agreed by the Communication Workers Union’s (CWU) Postal Executive Committee (PEC) and...
Shepherd Partnership
Apr 30, 20231 min read


What are classified as company cars and vans for the purposes of Benefits In Kind?
HM Revenue & Customs have highlighted how a 2020 tax case affected how vehicles are treated for Benefit In Kind purposes. The case...
Shepherd Partnership
Apr 30, 20231 min read


New Rates of Road Fuel Scale Charge
Please remember to update your VAT road fuel scale charges which apply from the next accounting period beginning on or after 1 May 2023....
Shepherd Partnership
Apr 27, 20231 min read


HMRC Receipts
HMRC have published a report of their total receipts for April 2022 to March 2023. It makes for a somewhat interesting read (if you are...
Shepherd Partnership
Apr 24, 20231 min read


Summary of pension changes
The State Pension rose by 10.1% from April 2023, regardless of whether you are eligible for the new Single Tier (flat rate) State Pension...
Shepherd Partnership
Apr 24, 20232 min read


NIC relief for those who employ veterans
Employers who take on those who have worked for the UK military can claim relief on secondary employer’s national insurance contributions...
Shepherd Partnership
Apr 23, 20231 min read


Landlord EPC Requirements
Landlords of privately owned non-domestic rented properties need to be aware the law changed on 1 April 2023. There is now a requirement...
Shepherd Partnership
Apr 23, 20231 min read


Grant for capital items to improve farm productivity
You may be able to apply for a grant for capital items to improve farm productivity through more efficient use of water for irrigation,...
Shepherd Partnership
Apr 20, 20231 min read


Ffion passes first ACCA exam
Congratulations go to Ffion, who passed her first ACCA exam with flying colours. She is now working towards the next exam. Well done,...
Shepherd Partnership
Apr 19, 20231 min read


Basis Period Reform Factsheet
The way sole traders and partnership profits are taxed is about to change. We have written a factsheet to explain how this might affect...
Shepherd Partnership
Apr 18, 20231 min read


Farming Equipment and Technology Fund 2023
Farming, horticultural or forestry businesses in England can apply for a grant for specific items of equipment and technology. The...
Shepherd Partnership
Apr 17, 20231 min read
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