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14.10.2020
WINTER ECONOMY PLAN – JOB SUPPORT SCHEME & TAX DEFERRALS
The Chancellor announced measures to help businesses through into 2021 with the “Winter Economy Plan.” These are 2 of the 5 measures he has put in place. Our further...
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13.10.2020
HMRC HAS INCREASED THE THRESHOLD OF THE TIME TO PAY PLAN
HMRC has increased the threshold for time to pay arrangements, for Self Assessment customers, to help ease the financial burden they may be experiencing due to the COVID-19 pandemic. Previously...
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17.09.2020
NEW GRANTS ANNOUNCED FOR SMALL & MEDIUM BUSINESSES
A new fund for small and medium businesses (SMEs) has been announced by the Government. It is to enable them to access specialist advice to further lessen the impact...
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14.08.2020
TAX INVESTIGATIONS
HMRC temporarily suspended tax investigations during lockdown. However with public spending soaring due to Government schemes such as Furlough and SEISS, HMRC are expected to impose harsh penalties for...
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14.08.2020
MAKING TAX DIGITAL FOR INCOME TAX
Keeping business records digitally and submitting under Making Tax Digital (MTD) rules using MTD compliant software has been in place for VAT since April 2019. The timescale for submitting...
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24.07.2020
SUMMER BUDGET 2020 – VAT REDUCTION
Further announcements in the Summer Budget 2020 was the reduction of VAT for certain sectors. From 15 July until 12 January 2021, VAT is to be reduced from 20%...
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