Xero ready for the new VAT rates

Xero ready for the new VAT rates

Last week the chancellor announced a temporary cut in the VAT rate for certain supplies in the hospitality and tourism sector with the standard 20% rate is being reduced to 5% from 15 July 2020 until 12 January 2021. We’re pleased to say that Xero’s got...
Council discretionary business grants still available

Council discretionary business grants still available

Wigan Council have announced that there is still money left in their discretionary grant pot to support the borough’s businesses through the Covid-19 pandemic. More than 71 per cent of the small business grant scheme has now been allocated along with 50 per cent of...
How your Covid-19 claims could affect your R&D tax credits

How your Covid-19 claims could affect your R&D tax credits

We are expecting HMRC to challenge future claims for Research and Development tax credits on the basis of claims made under the various Covid-19 support schemes. This is because subsidies and grants will affect eligibility for R&D tax credit claims. RDP has...
Capital Gains Tax: Reporting and payment periods shortened

Capital Gains Tax: Reporting and payment periods shortened

Important changes to the deadlines for filing and paying CGT on the disposal of UK property Few property transactions are proceeding at the moment but anyone selling UK residential property needs to be aware that CGT due should now be reported and paid within 30 days...
Vat deferral period ends soon

Vat deferral period ends soon

During the Covid 19 pandemic, HMRC has allowed VAT registered businesses to defer the payment of any VAT which fell due between 20th March and 30th June without incurring any interest or penalties. This period is now almost at an end and VAT due for periods ended on...