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
On Wednesday 8 July, Rishi Sunak announced a number of new measures which have been introduced in a bid to give the UK’s economy a much-needed boost. From a stamp duty holiday to VAT cuts and extra support for employers, the mini-budget has focused on trying to get... read more
The Self-Employment Income Support Scheme (SEISS) is one of the many grants introduced by the UK government in a bid to help struggling business survive the COVID-19 outbreak. Within days of the scheme opening, the number of applications topped one million. As of 21... read more
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