With just over a week to go until the filing deadline for 2019/20 tax returns, HMRC has reminded taxpayers that using its time-to-pay system is an option. What’s different about it this year? HMRC has repeatedly resisted calls to move the filing deadline for 2019/20 tax returns, despite the coronavirus pandemic. Instead, it has indicated … Continue reading Tax due? Set up time to pay online
New rules were supposed to apply to construction businesses that buy and sell services as part of a larger supply chain from October 2019. However, these were delayed twice. What’s the latest? The new reverse charge for builders is aimed at preventing “missing trader” VAT fraud in the construction industry. This is where a contractor … Continue reading No more delay to new reverse charge for builders
The third coronavirus grant claim deadline is fast approaching. If you haven’t yet applied, what do you need to do? The Self-Employment Income Support Scheme (SEISS) was initially intended to cover the two quarters to 31 October 2020, but was extended for a further two quarters due to the ongoing restrictions on businesses. The SEISS … Continue reading Just days left to claim third coronavirus business grant
This morning (5th January 2021) it's been announced that retail, hospitality and leisure businesses will be entitled to extra coronavirus support. What details are available? Although many businesses deemed “non-essential” were already closed due to being in Tier 3 or 4 areas, the Prime Minister’s announcement last night that the whole of England was being … Continue reading Covid 19: further support for “non-essential” businesses announced.