HMRC Covid Support – some good news

HMRC Covid Support – some good news

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...
HMRC announce that Self Assessment customers will not receive a penalty for filing their 2019-20 tax return late

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...
HMRC Covid Support – some good news

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...