Bounce back loan borrowers now able to delay repayments for another 6 months
The Chancellor has announced that businesses which took out government-backed Bounce Back Loans will now have greater flexibility to repay their loans. Those who took out bounce back loans as a result of the covid-19 pandemic will now have the option to delay all...
VAT Reverse charge starts March 2021
From 1 March 2021 the domestic VAT reverse charge must be used for most supplies of building and construction services. The charge will apply to both standard and reduced-rate VAT services: for individuals or businesses who are registered for VAT in the UK reported...
Record number of people miss UK self-assessment tax filing deadline
A record number of 1.8 million people have missed the deadline to submit their UK personal tax return, a figure that is almost double last year’s total and the highest in the system’s 24-year history. This just goes to show the devastating impact which 2020 and the...
IR35 – Important Changes From 6 April 2021
What is IR35? IR35 is a tax anti-avoidance rule designed to combat “disguised employment” in situations where an individual contractor is providing their personal services (i.e. their labour) to an end-user via their own intermediary, such as a personal services...