During the current crisis HMRC has allowed VAT registered businesses to defer paying their VAT liability for the period between 20 March and 30 June 2020. This deferment applied to VAT periods ending 29 February, 31 March and 30 April where payments would be due by 7 April, 7 May and 7 June. That deferment period is now finished …
Although lockdown has restricted business for many, as a payroll provider to a large number of businesses I know that some businesses have been taking on new employees over this period. There will also be individuals who have used this time to start their own business and will be planning for the costs involved in taking on their first employee as the business grows. So if you are a potential new employer here are some points you need to think about along with the costs you need to plan for. …
Those of you who have more than a couple of employees and run your own payroll will probably be finding the current situation a bit of a minefield. Not only are we starting a new tax year this month with its changes in National Insurance contributions, changes to student loan thresholds, a change to they way holiday is calculated …
There are lots of things to remember about VAT when you are VAT registered. Here are ten things about VAT which you may not know. …
HMRC have confirmed the tax and NI thresholds for 2020-21 and some details of statutory parental bereavement pay. …
