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Welcome to our blog page, keeping you up to date with current topics….

BLOG: Domestic VAT reverse charge comes into effect on 1 March

BLOG: Domestic VAT reverse charge comes into effect on 1 March

Domestic VAT reverse charge comes into effect on 1 March The twice-delayed introduction of the domestic VAT reverse charge for construction services came into effect on 1 March 2021. The change was originally scheduled to come into effect from 1 October 2019 but was deferred for 12 months after industry bodies highlighted concerns about the lack [...]
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BLOG: HMRC clarifies off-payroll rules

BLOG: HMRC clarifies off-payroll rules

HMRC clarifies off-payroll rules HMRC has published a briefing on its approach to the changes to off-payroll working rules, commonly known as IR35, which will be introduced on 6 April 2021. Reiterating its advice from last year, HMRC has confirmed that it will not issue penalties for inaccuracies in the first 12 months of the [...]
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BLOG: Online service opens for VAT deferral scheme

BLOG: Online service opens for VAT deferral scheme

Online service opens for VAT deferral scheme HMRC has announced that businesses that deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments. To take advantage of the new payment scheme businesses will need to have deferred VAT payments between March and June [...]
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BLOG: Late payment penalties for Self Assessment waived until 1 April

BLOG: Late payment penalties for Self Assessment waived until 1 April

Late payment penalties for Self Assessment waived until 1 April HMRC has announced that Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April. The payment deadline for Self Assessment is 31 January and interest is charged from 1 [...]
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BLOG: Business groups welcome Budget

BLOG: Business groups welcome Budget

Business groups welcome Budget Business groups welcomed the Chancellor’s Budget for protecting the economy now and kickstarting recovery from the COVID-19 pandemic. Tony Danker, Director General of the CBI, said: ‘The Chancellor has gone above and beyond to protect UK businesses and people’s livelihoods through the crisis and get firms’ spending. ‘Thousands of firms will [...]
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BLOG: Sunak sets out Budget to protect businesses

BLOG: Sunak sets out Budget to protect businesses

Sunak sets out Budget to protect businesses Chancellor Rishi Sunak set out a Budget to protect businesses through the pandemic, fix the public finances and begin building the future economy. The Chancellor once again pledged to do ‘whatever it takes’ during the COVID-19 pandemic and confirmed that the furlough scheme would be extended until September [...]
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Check if you can claim a grant through the Self-Employment Income Support Scheme

Check if you can claim a grant through the Self-Employment Income Support Scheme

Check if you can claim a grant through the Self-Employment Income Support Scheme HMRC is advising the self employed that the Self-Employment Income Support Scheme (SEISS) has been extended. Taxpayers who were not eligible for the first and second grant will not be eligible for the third. To make a claim for the third grant the taxpayer’s [...]
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Self assessment deadline approaching

Self assessment deadline approaching

Self assessment deadline approaching The deadline for submitting your 2019/20 self assessment return is 31 January 2021. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions (NIC), capital gains tax and High Income [...]
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