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
With everything that has happened so far this year, you’d be forgiven for forgetting to submit your tax return on time. Unfortunately however, this won’t stop HMRC from issuing penalties so it’s important to ensure your 2019/20 return is completed by midnight on 31... read more
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
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
Welcome to our special monthly tax newsletter. In this edition we focus on the Chancellor’s Summer Statement when he announced “Plan for Jobs”. Click here to have a read. If you have any questions about anything discussed, please don’t hesitate to... read more
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