How to defer payment of the March, May & June 2020 VAT returns

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

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...
The Tampon Tax Has Been Abolished Within The UK

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...
Are You & Your Business Ready For Brexit?

Are You & Your Business Ready For Brexit?

The UK has left the EU and there are now only 10 days remaining before we will be forced to face new rules for business with the EU. Additionally, we will also be forced to face a range of different protocols, especially when planning to travel abroad. These may...