Covid-19 Government supports news

Covid-19 Government supports news

Below is a weekly roundup of Government supports for businesses and individuals in the UK. Please talk to us if you need help in applying for Government support.   Pay VAT deferred due to coronavirus (COVID-19) The guidance on how to pay VAT payments deferred...
Brexit News

Brexit News

We have heard of more stories of extra layers of administration, courier fees, VAT problems and unexpected customs invoices for both importers and exporters. Some EU specialist online retailers have said they will no longer deliver to the UK because of the new tax...
BUSINESS NEWSLETTER

BUSINESS NEWSLETTER

Last week we witnessed the inauguration of a new US president with the promise of further economic stimulus and over 6 million first dose Covid-19 vaccinations administered in the UK. This continues to create a more positive short-term outlook for families and...
MAKING TAX DIGITAL (MTD) FOR INCOME TAX

MAKING TAX DIGITAL (MTD) FOR INCOME TAX

Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for MTD for Income Tax from their next accounting period starting on or after 6 April 2023.   What is “Making Tax Digital”? Making Tax...
MAKING TAX DIGITAL (MTD) FOR VAT

MAKING TAX DIGITAL (MTD) FOR VAT

Introduction From the 1 April 2022, MTD for VAT will apply to all VAT registered businesses regardless of the level of turnover. The first VAT period to which MTD applies to all VAT registered businesses (who are not already doing so) will be the one commencing on or...