From 8 April 2021, HMRC will no longer be able to accept XML VAT submissions from third party software. If you are still using this method (i.e. filing through QBO/Xero...
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If you are accounting for import VAT under the new Postponed VAT Accounting rules you will need to download your postponed import VAT statement. Be aware that you will only...
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If you deferred your VAT payments due between 20th March and 30th June 2020 and still have outstanding payments to make, you can join the new VAT deferral payment scheme...
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HMRC have announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement by...
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The Domestic Reverse Charge VAT scheme for those in the Construction Industry Scheme comes into effect on 1st March 2021. Be aware that the changes could affect your cashflow and...
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Take A Deep Breath Either from a personal perspective or as a business owner it is likely you will have been hit with a whole raft of information being thrown...
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HMRC have recently issued fresh policy guidance on their approach to collecting debts of debts. They are clear in their guidance that where customers find themselves unable to pay on time,...
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There are changes on the way to capital gains tax returns that you should be aware of. Buy-to-let and second home disposals: changes to date when capital gains tax is...
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If only we had a crystal ball! The Office of Tax Simplification have produced two reports on the reform of inheritance tax in the last couple of years and the...
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Job Retention Bonus Employers will be able to claim a one-off payment of £1,000 for every employee they have previously received a grant for under the Coronavirus Job Retention Scheme...
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