By Tom Maxwell In Advice, Blog, NewsPosted 30/09/2021 What COVID-19 support schemes are continuing? Today (30 September), the furlough and self-employed support schemes come to an end, as does the 5% VAT cut for hospitality and tourism, which will be raised to 12.5 percent tomorrow (1 October). [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 27/09/2021 COVID support packages coming to an end. On September 30, a number of government support schemes designed to help businesses and individuals cope with the pandemic will end or change, including furlough and reduced SDLT rates in [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, Tax TipsPosted 27/09/2021 MTD for ITSA and basis period reform postponed Following extensive feedback from all the professional bodies, HMRC has postponed the implementation of Making Tax Digital for income tax self-assessment (MTD ITSA). The regulations confirm that [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 24/09/2021 Online VAT return is closing to 800 traders For 800 businesses that should be compliant with Making Tax Digital for VAT, HMRC is testing a forced shutdown of the online VAT return. Unless these businesses sign up for MTD VAT, they will be [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, Tax TipsPosted 22/09/2021 HMRC Tax Return Registration Deadline Approaching Fast! The 5th October HMRC tax return registration deadline is almost here – find out how to file your tax return for the year ended 5th April 2021. If you don’t already file a Tax Return, you [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 20/09/2021 New Plastic Packaging Tax The plastic packaging tax, announced in Budget 2018, will take effect on April 1, 2022, and will be imposed at a rate of £200 per metric tonne on UK businesses that manufacture or import 10 [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 13/09/2021 SSP Rebate Scheme closes 30 September 2021 The government scheme allowing businesses to recoup statutory sick pay costs as a result of coronavirus will end on 30 September 2021 and outstanding claims must be made by 31 December 2021. The [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 01/09/2021 HMRC clarifies interaction between EA and NIC element of CJRS grants Further guidance has been published to clarify the risk of double claiming relief on secondary (employer) NIC, particularly where employers may need to make repayments. If an employer claimed [...] 0 Read More