COVID-19 Update #108: Chancellor’s Winter Economy Plan announced
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
Preparing for your tax return
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
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 #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