by Gary Woosey | Oct 6, 2020 | Tax
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. On 24 September 2020, the Chancellor announced that...
by Gary Woosey | Sep 18, 2020 | Tax
Leading business groups have urged the Government to introduce digital tools tax relief to support small and medium-sized enterprises (SMEs). Experts including the Institute of Directors (IoD) and Be the Business have stated that the coronavirus pandemic has...
by Gary Woosey | Sep 9, 2020 | Tax
Payroll could become an even more pivotal area for businesses, with the latest research finding that the coronavirus pandemic has made payroll a ‘key concern’ for employers. The research polled companies from 11 European countries and found that 41 per cent of firms...
by Gary Woosey | Aug 24, 2020 | Tax
Employers who delay their Employment Allowance claim and have unused Employment Allowance available at the end of the tax year “can use this to reduce other tax costs”, it has been confirmed. The new guidance comes after taxpayers reported confusion as to whether or...
by Gary Woosey | Aug 17, 2020 | Tax
HM Revenue & Customs (HMRC) has written to people suspected of having undeclared overseas assets, asking them to declare any currently undeclared overseas assets and to complete a certificate declaring the correct tax position. The letters have been generated...
by Gary Woosey | Aug 4, 2020 | Covid-19, Tax
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...
