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HMRC and Advertising Standard Authority launch new action to disrupt promoters of tax avoidance schemes

HMRC and Advertising Standard Authority launch new action to disrupt promoters of tax avoidance schemes

HMRC and Advertising Standard Authority launch new action to disrupt promoters of tax avoidance schemes HMRC and the Advertising Standards Authority (ASA) have launched a new joint enforcement notice to cut out misleading marketing by promoters of tax avoidance schemes. The joint enforcement notice aims to disrupt the activity of promoters and protect individuals from [...]
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VAT Deferral

VAT Deferral

VAT Deferral If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full, on or before 31 March 2021 join the VAT deferral new payment scheme – the online service is open between 23 February 2021 and 21 [...]
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Extension of the Job Retention Scheme

Extension of the Job Retention Scheme

Extension of the Job Retention Scheme Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (CJRS) until the end of April 2021. Businesses adversely affected by the coronavirus (COVID-19) can make use of the CJRS until the end of April, with the government continuing to pay 80% of employees’ salaries for hours not worked. [...]
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Chancellor announces £4.6 billion lockdown grant package

Chancellor announces £4.6 billion lockdown grant package

Chancellor announces £4.6 billion lockdown grant package Chancellor Rishi Sunak has announced a new £4.6 billion package of grants to support businesses through the latest national lockdown. UK businesses in the retail, hospitality and leisure sectors are to be given one-off grants worth up to £9,000. The payments are expected to support 600,000 business properties [...]
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Brexit Imports & Exports

Brexit Imports & Exports

Brexit imports and exports From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc. From 1 January 2021, declarations will be needed to import or export specific (limited) goods categorised as ‘controlled’. However, for non-controlled [...]
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54,800 customers claim tax relief for working from home

54,800 customers claim tax relief for working from home

54,800 customers claim tax relief for working from home HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home. From 6 April 2020, employers have been able to pay employees up to £6 a week tax-free to cover additional costs [...]
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Self Assessment customers to benefit from enhanced payment plans

Self Assessment customers to benefit from enhanced payment plans

Self assessment customers to benefit from enhanced payment plans Self assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. The online payment plan service was already able to set up instalment arrangements for paying tax liabilities up [...]
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Chancellor approves grants for businesses closed by lockdown

Chancellor approves grants for businesses closed by lockdown

Chancellor approves grants for businesses closed by lockdown Chancellor Rishi Sunak has announced approved additional funding for cash grants to support businesses required to close in England due to the lockdown. Those businesses affected will be eligible for the following: For properties with a rateable value of £15,000 or under, grants to be £1,334 per [...]
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