Reminder: VAT payment deferral period has ended

Reminder: VAT payment deferral period has ended

The financial support offered by the Government through the VAT payment deferral scheme has officially come to an end. This period, which was intended to support businesses struggling with the impact of COVID-19, ended on 30 June 2020. You must now pay any VAT due...
“Tax gap” falls to lowest level on record

“Tax gap” falls to lowest level on record

The “tax gap” – the difference between what should be paid and what is actually paid – has fallen to its lowest recorded rate, new figures have revealed. HM Revenue & Customs (HMRC) said the record is a collaborative result of increased enforcement and improved...