HMRC introduced changes to the VAT road fuel scale on 1 May 2021. Businesses will need to use the new scale from the start of their next prescribed accounting period, beginning on or after 1 May 2021. The valuation rate tables: Set out the new scale charges (a VAT... read more
HMRC has warned tax credits customers to be vigilant as there are a number of scams going around at the moment. Scammers are targeting those who receive tax credits by sending emails or texts claiming to be from HMRC. They’re then asked to share personal information... read more
One of the many government schemes which were made available to businesses due to COVID-19 was the deferral of VAT payments. If you deferred any VAT payments which were due between 20 March 2020 and 30 June 2020 you can: Pay the deferred VAT in full now Join the VAT... read more
In the Spring Budget, Chancellor Rishi Sunak announced a temporary three-year carry back of trading losses for limited companies and unincorporated traders. This is to replace the normal one-year carry back and will potentially allow loss-making businesses to obtain a... read more
HMRC has issued a warning after the Revenue has become aware of a phishing scam related to the fourth Self-Employment Income Support Scheme (SEISS) grant. Thousands of people have received the email below telling them that they can make a claim for the latest... read more
The last 12 months certainly has been challenging for UK businesses. The good news is that from this month, lockdown restrictions begin to ease, with life expected to return to ‘normal’ from 21 June. As we all rejoice at this thought, the arrival of spring and the new... read more
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