This time last year businesses were preparing for important changes to the rules where workers supply their services via their own personal service companies. The start date was then deferred from 6 April 2020 to 6 April 2021. The new rules are scheduled to apply to large and medium-sized businesses as defined by the Companies […]
Now that the UK has left the EU some taxpayers will start to see additional tax costs. One example is where UK residents own holiday homes in EU countries that they rent out for part of the year. Owners of EU rental properties may now be required to pay more tax in those countries, having […]
Date What’s Due 01/02 Corporation tax payment for year to 30/4/20 (unless quarterly instalments apply) 19/02 PAYE & NIC deductions, and CIS return and tax, for month to 5/02/21 (due 22/02 if you pay electronically) 01/03 Corporation tax payment for year to 31/5/20 (unless quarterly instalments apply) 02/03 5% penalty […]
Information about ‘coronavirus (COVID-19) tests’ has been added. Coronavirus tests provided by the government, as part of its national testing scheme, are not treated as a benefit in kind for tax purposes. This means for employed healthcare workers and other eligible front-line staff who get a test through this programme, there is no tax due […]
If your VAT payments were deferred in the period 20 March – June 2020 you can do one of the following: Pay the deferred VAT in full on or before 31 March 2021 Opt-in to the VAT deferral payment scheme Contact HMRC if you need more time to pay If you would like to opt […]
As the 31 January deadline approaches please be aware of copycat HMRC websites and phishing scams which increase during this time. HMRC customers should always type in the full online address www.gov.uk/hmrc to get the correct link for their Self Assessment tax return online securely and free of charge. Be alert if someone calls, emails or texts […]
The HMRC self- serve time to pay facility is now available online to set up monthly direct debits to pay outstanding tax liabilities. You can set up a payment plan to spread the cost of your latest Self Assessment bill if: you owe £30,000 or less you do not have any other payment plans or […]
We live in uncertain times and planning for the future is challenging. Rather than paying attention to what you can’t do, focus on what you can do. For example, when restaurants couldn’t serve customers indoors, they transitioned to delivery, take-away and outdoor dining. Regardless of the type of business that you manage, this is the […]
In the current uncertain economic climate, signing up to a new office lease can be a challenging task. How much office space will you need in 3 to 5 years time? It will depend on whether your workforce will want to continue working remotely or not, and how many of the team will be working part time – will a desk […]
Date What’s Due 1/01 Corporation tax payment for year to 31/3/20 (unless quarterly instalments apply) 19/01 PAYE & NIC deductions, and CIS return and tax, for month to 5/01/21 (due 22/01 if you pay electronically) 31/01 Deadline for Self-Assessment tax return for 2019/20 if filed online. Also the due date for 2019/20 balancing payment […]
