Budget 2021: Hospitality businesses call for extended VAT cut

Due to the prolonged impact of coronavirus on the hospitality industry, firms within this sector urge Chancellor Rishi Sunak to extend the VAT reductions for a year in the Budget.

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Construction industry VAT reverse charge to come into effect on 01 March, Government confirms

The delayed Construction Industry Scheme (CIS) VAT reverse charge will come into effect on 01 March 2021, it has been confirmed.

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EU exports halt as UK firms encounter extra charges

Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports to the EU as a

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HMRC urges businesses to act ahead of end of transition period to “avoid disruption”

HM Revenue & Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to “act now” ahead of the end of the Brexit transition period.

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Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed

From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs (HMRC) adviser first.

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HMRC: Making Tax Digital to be extended to all VAT-registered businesses from 2022

HM Revenue & Customs (HMRC) has confirmed that Making Tax Digital (MTD) will be extended to all VAT-registered businesses from April 2022.

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Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms

Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed.

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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.

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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,

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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.

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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.

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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.

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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.

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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

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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.

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