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Capital Gains Tax 30-day returns rule – what you need to know - February 26, 2021
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The number of property investors and second home owners in the UK has increased significantly in the last decade. However, this has resulted in a tightening of tax rules – and in particular a much shorter… |
VAT Deferral New Payment Scheme goes live - February 24, 2021
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HM Revenue & Customs (HMRC) has announced that its online VAT Deferral New Payment Scheme is now open for applications to help businesses arrange smaller monthly repayments of deferred VAT. Under the… |
Self-Assessment late payment penalties relaxed but interest still accrues - February 22, 2021
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Following HM Revenue & Customs’ (HMRC) announcement that it is waiving late filing penalties for Self-Assessment taxpayers who file by 28 February, it has now announced that it is waiving the five… |
The VAT Deferral New Payment Scheme - February 11, 2021
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Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will repay this outstanding tax. They can choose from the… |
COVID-19 Bounce Back Loan repayment period extended - February 8, 2021
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The Government has announced changes to the Bounce Back Loan Scheme (BBLS) available to small businesses in the UK that will give companies longer to repay what they have borrowed. Around 1.4 million small… |
The VAT Reverse Charge for the Construction Industry Scheme – Are you ready? - February 3, 2021
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From 1 March 2021, businesses within the Construction Industry Scheme (CIS) must record, report and pay VAT under the new VAT domestic reverse charge rules. This change affects both contractors and subcontractors… |
Large and medium-sized businesses need to be ready for IR35 - February 3, 2021
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Large and medium-sized businesses now just have a couple of months left to prepare for the changes to the off-payroll working rules (IR35). From 6 April 2021, in most cases, the engager (employer) will… |
Don’t forget to claim home working tax relief - February 3, 2021
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Due to the ongoing restrictions of the Government’s Coronavirus response, millions of UK workers continue to work from home. Many may not be aware that they can claim tax relief for additional household… |
Voluntary and compulsory strike-off processes paused in response to national lockdown - February 3, 2021
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Companies House will pause both the voluntary and compulsory strike-off processes for one month from 21 January until 21 February to support businesses affected by COVID-19, it has been announced. The… |
Consultations on future of Companies House could see filing deadlines slashed - February 3, 2021
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A set of consultations on the future of Companies House published in December 2020, include proposals for mandatory digital filing, requirements to tag accountants digitally with IXBRL and shortening filing… |
Latest News
May
Companies that signed up to the VAT deferral scheme have been warned they face …
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May
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Budget 2021
The Chancellor, Rishi Sunak, has announced a new job protection scheme and a range of new...
