How to defer payment of the March, May & June 2020 VAT returns
If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full on or before 31 March 2021 opt in to the VAT deferral new payment scheme when it launches in 2021 contact HMRC if you need more help to pay...
No Fine If Covid Makes You Miss Your Tax Return Deadline
You will no longer be fined for filing your tax return late if your business has been affected by coronavirus. These new rules will benefit millions of workers and will alleviate some pressure off many individuals. Those affected businesses that will not be able to...
Check to see if simplified expenses could save money for your business
If you are a sole trader or partnership, there are 2 ways that you can calculate business expenses for vehicles, working from home and living on your business premises. You can use simplified expenses or calculate your expenses by working out their actual cost....
The Tampon Tax Has Been Abolished Within The UK
After a lot of dispute over recent years, the ‘tampon tax’ has been abolished. As a result, a zero rate of VAT now applies to women’s sanitary products as of 1 January 2021. This comes as part of the governments action to end Period Poverty which includes the roll out...