Updates to Making Tax Digital (MTD)
It’s hard to believe that there’s anything going on in the tax world other than Coronavirus business support schemes. As lockdown continues to ease and companies begin to resume their activities however, the government has reminded us about Making Tax Digital (MTD). A... read more COVID-19 Update #85: How different circumstances affect the Self-Employment Income Support Scheme
The Government has updated its page on the Self-employment income support scheme. If you are self-employed or member of a partnership find out how your circumstances can affect your eligibility for the scheme. The scheme is now closed for claims for the first grant.... read more COVID-19 Update #84: How to treat expenses and benefits paid to employees during COVID-19
The Government has updated its guidance on certain benefits and expenses which have been paid to employees during the Coronavirus outbreak. These are all things which are likely to have been provided to employees as a direct result of COVID-19 such as personal... read more COVID-19 Update #83: New VAT flat rate scheme percentages
Due to coronavirus (COVID-19), new flat rate percentages from 15 July 2020 until 12 January 2021 have been announced, which include: Catering 4.5% Pubs 1% Hotels and accommodation 0% The VAT flat rate you use usually depends on your business type. You may pay a... read more