COVID-19 Update #137: Bounce Back Loan repayments can be delayed by an extra six months
The government has announced that anyone who made a claim for the Bounce Back Loan Scheme (BBLS) can delay repayments by an extra six months. The scheme was introduced shortly after the UK went into its first lockdown last year in a bid to help small and medium-sized... read more
New VAT rules for construction – March 2021
New VAT rules for the UK’s construction sector will come into effect from 1 March 2021. Referred to as ‘the domestic reverse charge for supplies of building and construction services,’ the changes will affect sub-contractors who supply their services to other... read more
It’s time to prepare for changes to IR35
As you may already be aware, it’s less than 70 days until changes to IR35 come into effect. At the moment, contractors who operate through their own personal service company (PSC) are responsible for ensuring they’re paying Income Tax and National Insurance. From 6... read more COVID-19 Update #136: Deadline for claiming third SEISS rapidly approaches
The deadline for claiming the third instalment of the Self-Employment Income Support Scheme (SEISS) is rapidly approaching. If you’re self-employed and have been negatively affected by coronavirus, you have until 29 January 2021 to make your claim. You can find out if... read more