£20 million Brexit support for small and medium sized businesses

£20 million Brexit support for small and medium sized businesses

The UK officially leaving the EU has resulted in a number of new customs and tax rule changes when trading with the EU. As such, from 15 March 2021, smaller businesses are able to apply for grants of up to £2,000 to help them with the adaption process. This comes as...
The Stamp Duty Land Tax Holiday Ends 30 June 2021

The Stamp Duty Land Tax Holiday Ends 30 June 2021

In his spring budget review, the Chancellor, Rishi Sunak announced a 3 month extension to the Stamp Duty Land Tax Holiday. However, this is due to end on 30 June 2021 which is rapidly approaching. This article summarises the details of the Stamp Duty Holiday so that...
VAT Reverse charge starts March 2021

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

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

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...