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HMRC to stop automatically sending paper Self Assessment returns

Self Assessment customers will no longer receive automatic paper returns as part of HMRC’s efforts to encourage customers to take advantage of the online service. HMRC is working hard to stop the use of unnecessary resources which have an environmental impact, that’s why they would want to reduce the use of paper as much as possible.  Increasing numbers […]

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VAT Rate cut for hospitality & tourism industry

Yesterday, chancellor Rishi Sunak, announced measures to help the hospitality and tourism industries get back on track by temporarily cutting VAT rates from 20% to 5%. Many other measures were announced at the same time as part of the ‘Plan for Jobs’ initiative to help support businesses and the economy after the impact of COVID-19. […]

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Corona support for self-employed

What is it? The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month. HMRC will use the average profits from tax […]

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Furlough your employees

If you are considering laying off staff due to little or no work then wait… The government have introduced a new measure called the Coronavirus Job Retention Scheme where you will get government support Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme that was created and started on or before […]

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Deferring your VAT payment

The Chancellor announced a VAT payments deferral system on 20 March to support businesses with cash flow during the COVID-19 pandemic. This means that all businesses with a UK VAT registration have the option to defer VAT payments that are due between 20 March and 3‌0‌‌ June. You, therefore, have until 3‌1‌‌ March 2021 to […]

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Latest government help for Corona

The government has made announcements of new measures to help support the nation during these unprecedented times.  Measures of support have never been at this level before.

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IR35 changes delayed

The government has made a big last-minute decision in respect of IR35. A decision has been made to delay the changes until 6 April 2021 giving us a little over 12 months extension to one of the biggest changes to our tax system in recent years.

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