IR35: Off-payroll working rules to go ahead in April 2021
Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed.
VAT
Can I save money by leasing a car through my company?
Is it cheaper to lease a car through a limited company? It’s a question we’re often asked, but the answer isn’t quite so straightforward.
VAT reverse charge for the construction industry postponed until March 2021
The Government has officially announced that the introduction of the domestic VAT reverse charge for the construction industry has been delayed until 1 March 2021 because of the impact of the coronavirus pandemic. The VAT reverse charge was due to be introduced in October 2020 and would see an end to subcontractors receiving VAT payments …
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Deferring VAT – HMRC confirms businesses should cancel VAT direct debits
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to utilise the deferment offer.
Coronavirus rescue support for businesses
Businesses throughout the UK have been hard-hit by the Coronavirus pandemic. The UK government has brought in timely rescue measures and is working as fast as possible in mobilising them so that they can feed in to businesses that desperately need them.
3,000 taxpayers file Self Assessment on Christmas day
More than 3,000 Self Assessment returns were filed on Christmas day, HM Revenue & Customs (HMRC) has revealed.
VAT receipts rise to record £133 billion
The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors.
What happens if I need to outsource my bookkeeping?
Bookkeeping can be a challenge for all businesses, from small-medium sized enterprises (SMEs) to large multinational corporations. Managing payroll, invoices, VAT and the components of bookkeeping can bring unnecessary stress and pressure to your business.
Our Top VAT Tips
Whether you’re a seasoned pro or a tax ‘newbie’, VAT can cause headaches for business owners. From VAT schemes and registration to Making Tax Digital and exempted goods and services, VAT can cause even the most experienced entrepreneur to slip up from time to time. So, what’s the deal with VAT? In this blog, we’ll …
120,000 businesses failed to meet the Making Tax Digital deadline
HM Revenue and Customs (HMRC) has revealed that 1.1 million businesses have now signed up for Making Tax Digital (MTD) and so far, 1.2 million VAT returns have been successfully submitted through the service.
