Recovery Loan Scheme comes to an end
The Recovery Loan Scheme (RLS) was introduced by the UK government following the disruption that COVID-19 brought to businesses up and down the country. As all COVID restrictions have been lifted for a few months now, The RLS will be coming to an end on 30 June 2022.... read more
Making Tax Digital now mandatory for VAT-registered businesses
Making Tax Digital (MTD) became mandatory for all VAT registered businesses in the UK on 1 April 2022. The government has introduced the scheme in a bid to help taxpayers submit their tax returns correctly, reduce common mistakes and save time. Evidence shows that... read more
VAT rates return to 20% for hospitality sector
Chancellor Rishi Sunak reduced VAT rates to 12.5% during the pandemic to help struggling businesses in the hospitality sector. While many were hoping that this would be extended to give organisations time to get back on their feet, the Chancellor has confirmed that... read more
Preparing for the new tax year
The tax year comes to an end today, 5 April 2022, which means that any employers who are running payroll now need to submit their records to HMRC. As well as reporting your previous year’s taxes, you should also give your employees their P60 and start preparing for... read more