Digital Accounts Records
From April 2023 individuals who submit a tax return to declare income outside of employed earnings will have to submit their accounts digitally to HMRC on a quarterly basis. …
National Minimum Wage Rise 2021 & Claiming Furlough
In November 2020 the Chancellor announced the new rates for the National Minimum Wage which will take effect from April 2021. …
VAT on Imports and Exports to the EU from 1 January 2021
HMRC have produced clear guidance on what individuals and businesses will need to do when we have left the EU on 1 January 2021. There is an HMRC tool to use which will give specific information for your own personal or business circumstances which can be found here. …
Paying your deferred VAT
Businesses who deferred their VAT payment which was due to be paid between 20 March and 30 June now have 3 options for payment. …
Do you need to complete a Self Assessment Tax Return?
There are just 3 months left until the deadline for submission of your tax return for 2019-20. Late and non submission will incur penalties starting at £100 and will increase if the return is over 3 months late. During this year the importance of submitting tax returns on time became clear because those who hadn't weren't able to receive the SEISS grant which was based on tax returns submitted in previous years. So how do you know if you need to complete a tax return …
