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...
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...