With the tax year coming to an end on 5 April 2021, you have just six weeks left to make the most of your allowances. If you haven’t done so already, below we’ve highlight some of the more popular ways you can take advantage of what you’re entitled to. Please act fast... read more
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
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
Earlier this year the government announced that businesses who have been adversely affected by coronavirus can defer their VAT payments. The deferral applied from 20 March 2020 until June 2020 and all UK businesses were eligible to take advantage of the scheme. If you... read more
HMRC has been sending out letters to self-employed workers saying that their second payment on account for 2019-20 has automatically been deferred because payment wasn’t received by 31 July 2020. Earlier this year, it was announced that taxpayers will be able to defer... read more
While the Autumn Budget has been cancelled, Chancellor Rishi Sunak has unveiled a new plan to help protect jobs and support businesses over the coming months. The Winter Economy Plan has been introduced after the government has imposed a number of new, stricter... read more
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