Paying back VAT deferred due to coronavirus Information has been added on penalties or interest that may be charged if you do not pay in full, or make an arrangement to pay, and how you may still be able to avoid these charges. The webpage below details how to pay VAT payments deferred between 20 […]
Reminder – the automatic filing extensions that Companies House put in place last year came to an end this month. There will be no further automatic extensions for confirmation statement filings, accounts filings and event-driven filings after 5 April 2021. You’ll need to file your documents by your usual deadlines and deadlines will go back […]
The Recovery Loan Scheme will ensure businesses continue to benefit from Government-guaranteed finance throughout 2021. Loans will include 80% government guarantee and interest rate cap. With non-essential retail and outdoor hospitality reopening today, Ministers have ensured that appropriate support is still available to businesses to protect jobs. From 6 April 2021 businesses – ranging from […]
Croydon Council has launched the business restart grants for businesses in the retail, hospitality, leisure and personal care sectors, as announced by Government in the recent budget statement. The Restart Grant scheme supports businesses in reopening safely as COVID-19 restrictions are lifted. Grants are available from 1 April 2021. Eligible businesses in the hospitality, accommodation, […]
The government makes rapid home testing available for all businesses with over 10 employees who cannot offer on-site testing, businesses must register interest by 12 April to access free tests. Over 60,000 businesses across the country have already registered their interest to provide rapid tests to key workers. From 6 April, the workplace testing programme […]
Date What’s Due 1/04 Corporation tax payment for year to 30/6/20 (unless quarterly instalments apply) 6/04 2020/21 tax year ended on 5th. 2021/22 tax year begins. New “off-payroll” working rules start. 19/04 PAYE & NIC deductions, and CIS return and tax, for month to 5/04/21 (due 22/04 if you pay electronically) 1/05 Corporation tax […]
The Treasury normally issue a bundle of tax consultation documents on Budget Day. This year however they chose to delay the publication until 3 weeks after the Budget. It was expected that the consultation documents would include major changes to CGT and IHT, but it would appear that these have been delayed again. The Treasury […]
In the March Budget it was announced that the normal one year carry back for trading losses would be extended to three years. This means that many businesses that have made losses during the COVID-19 pandemic may be able to obtain a repayment of tax paid in that three-year period. This enhanced carry back applies […]
In the Budget on 3 March the Chancellor announced a new 130% tax relief for expenditure on new plant and machinery incurred between 1 April 2021 and 31 March 2023. It has been clarified that the new tax relief is only available to limited companies and the latest Finance Bill reveals a nasty sting in the […]
The “off-payroll” working rules that apply to certain workers supplying their services to clients via their own personal service companies start from 6 April 2021. Under this new regime end user businesses will be required to determine whether that individual would have been treated as an employee or not if directly engaged. This will be […]
