IR35: Off-payroll working rules to go ahead in April 2021

Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed.

Read more...

COVID-19: The key dates for your tax diary

There are a number of Government support measures to help businesses through the coronavirus pandemic, as well as various business tax obligations being deferred. However, it can be difficult to keep track of all of the dates, deadlines and requirements,

Read more...

Can I save money by leasing a car through my company?

Is it cheaper to lease a car through a limited company? It’s a question we’re often asked, but the answer isn’t quite so straightforward.

Read more...

VAT reverse charge for the construction industry postponed until March 2021

The Government has officially announced that the introduction of the domestic VAT reverse charge for the construction industry has been delayed until 1 March 2021 because of the impact of the coronavirus pandemic.

Read more...

Zero-rate of VAT applied to sales of PPE from today

The tax on personal protective equipment purchased by care homes, businesses, charities and individuals will be cut from today, it has been announced.

Read more...

Businesses who defer VAT payments should continue to file returns as usual, says HMRC

Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed.

Read more...

Deferring VAT – HMRC confirms businesses should cancel VAT direct debits

Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to

Read more...

SMEs urged to go digital: £15.3 billion could be added to the UK economy

A recent study suggests that the UK economy could benefit by up to £15.3 billion if SMEs introduce the use of digital technology, tools and connectivity within their organisation.

Read more...

The VAT treatment of PCP agreements for commercial vehicles

When considering the purchase a commercial vehicle, there are many decisions to make, including whether an HP agreement or a personal contract purchase (PCP) agreement is more suitable, but what are the VAT implications of a PCP agreement?

Read more...

Everything you need to know about the construction industry scheme VAT reverse charge

HM Revenue & Customs (HMRC) announced a 12-month deferral on the domestic reverse charge last year, which will now apply to construction services from 1 October 2020.

Read more...

No small issue – The importance of accounting in microbusinesses

Small and medium-sized enterprises (SMEs) account for the majority of the business population in the UK, producing trillions of pounds in revenue every year. However, a large amount of their time is spent working on financial admin.

Read more...

3,000 taxpayers file Self Assessment on Christmas day

More than 3,000 Self Assessment returns were filed on Christmas day, HM Revenue & Customs (HMRC) has revealed.

Read more...

IR35: HMRC launches updated CEST service

HM Revenue & Customs (HMRC) has launched an updated Check for Employment Status for Tax (CEST) service ahead of the introduction of the IR35 off-payroll working rules for the private sector on 6 April 2020.

Read more...

VAT receipts rise to record £133 billion

The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors.

Read more...

HMRC issues detailed guidance on cryptoassets

On 1 November 2019, HM Revenue and Customs (HMRC) published detailed guidance relating to all taxes regarding the treatment of cryptoasset transactions.

Read more...