Covid 19 – Business News Update (29 July 2020)

Covid 19 – Business News Update (29 July 2020)

The headlines today show concern over a second wave of the Pandemic and there are calls for more “intelligent” quarantine and airport tests. We are in a “New Normal” and it is clear from those businesses who are successfully coping is that being flexible is a key...
Covid 19 – Business News Update (22 July 2020)

Covid 19 – Business News Update (22 July 2020)

MAKING TAX DIGITAL (MTD) Yesterday the Government published an overview of Making Tax Digital. The big news is that all VAT registered businesses with VAT turnover below £85,000 will be required to follow MTD rules for returns filed on or after April 2022. That might...
Covid 19 – Business News Update (29 July 2020)

Covid 19 – Business News Update (7 July 2020)

As each week passes we see more clearly what our short-term world looks like. Local lockdowns, wearing face masks to prevent a resurgence of Covid-19 and significant easing of restrictions on where we can work and spend our leisure time. Overall, the progress being...
VAT Flat Rate Scheme

VAT Flat Rate Scheme

New flat rate percentages from 15 July until 12 January have been announced, which include: Catering 4.5% Pubs 1% Hotels and accommodation 0% See: https://www.gov.uk/vat-flat-rate-scheme/how-much-you-pay
Chancellor’s Summer Economic Update

Chancellor’s Summer Economic Update

On Wednesday, 8th July 2020, the Chancellor Rishi Sunak made a speech entitled “Summer Economic Update” where he unveiled further Government supports and he unveiled the Government’s plan for jobs which he described as the “Second phase in in the Government’s economic...