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The latest information you should know.

Autumn Budget 2017

The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. His report set out a number of actions the government will take including support for more housebuilding...


Class 2 National Insurance Contributions

Class 2 NIC count towards your state pension and other selected state benefits and are payable by all individuals who are either self-employed or are a partner in a trading partnership. The method of paying Class 2 NIC changed...


Spring Budget 2017

The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8th March, 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair...


Land Remediation Relief (LRR)

Land Remediation Relief allows businesses to claim relief of 150% of the clean-up cost from corporation tax for contaminated land, not caused or knowingly allowed by the company claiming, if the land is...


New NI Numbers cause trouble for employers!

New prefixes. New NI numbers with prefix “KC” are causing problems for employers. Where they have been shown on an RTI report for an employee, HMRC’s system has in some cases been rejecting them as invalid.


Press Release : R&D Tax Credits

HMRC’s most recent statistics for R&D tax relief are food for thought! R&D tax relief claims continue to rise, as the generous relief combined with an improved economic climate encourages uptake.


Are you ready for workplace pensions?

A new survey by the Federation of Small Businesses (FSB) has revealed that nearly half of small businesses (45%) are unclear about the rules surrounding workplace pensions.


Proud Sponsors of Island Triathlon Club

Corr & Corr are proud sponsors of Island Triathlon Club. Pictured is partner Paul Corr presenting club members with jerseys for the 2016 year.


New Office opens in Cookstown

Corr & Corr are pleased to announce the opening of a new office at 58 Loy Street, Cookstown. Partner, Brendan Corr said 'We hope this is the beginning of further expansion across the province over the next 5 years. We plan to open an office in the South Down area...


VAT Accounting Schemes

This guide looks at how the 3 main accounting schemes work and how they can help businesses. Special VAT accounting schemes for small businesses have been available for a number of years, but they are still under used...


Late Payroll Submission PENALTIES!

Employers and their advisers have had nearly a year dealing the new RTI regulations and electronic filing of payroll information. The first year saw a relaxed approach by HM Revenue and Customs for small businesses (those with less than 50 employees)...


Employment Allowance

Eligible businesses can now reduce their Class 1 NICs by up to £2,000 on an annual basis. Please ensure this is claimed correctly through your monthly payroll submission...


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