Thursday, January 6, 2022 | Covid-19 (CoronaVirus), Tax
Today HMRC has announced that they will not charge: Late filing penalties for those who file online by 28 February 2022. Late payment penalties for those who pay the tax due in full or set up a payment plan by 1 April 2022. This will give tax payers additional...
Monday, January 25, 2021 | Tax
Today HMRC has announced that Self Assessment customers will not receive a penalty for filing their 2019-20 tax return late, as long as they file online by 28 February. Tax-payers who have not filed yet are still being encouraged to do so by 31 January, if...
Tuesday, August 11, 2020 | Covid-19 (CoronaVirus), Tax
This morning I received a letter that was forwarded to me by a client. The letter was dated 7th August 2020 and was from HMRC with the head-line “Information on your Self-Employment Income Support Grant”. The letter opens: “I am writing to tell you that we did not...
Thursday, July 23, 2020 | Covid-19 (CoronaVirus), Tax
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...
Thursday, July 16, 2020 | Tax
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:...
Thursday, July 9, 2020 | Covid-19 (CoronaVirus), Tax
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...
