The requirement to submit VAT returns to HMRC using Making Tax Digital (MTD) compatible software became mandatory in 2019. For most VAT registered entities, this took effect from the first VAT return period beginning on or after 1 April 2019. From April 2019 once those
If you’re the owner of a UK business or self-employed worker in financial difficulties due to outstanding tax payments as a result of Covid-19, HMRC has scaled up the Time to Pay service. Payments of VAT for the period from 20 March 2020 until 30
The self-employment income support aims to provide relief and financial assistance to those self-employed individuals whose earnings are most likely to be negatively affected by the coronavirus. You also need to know that any payment received through this scheme will be subject to Income Tax
At the Budget 2020 the Chancellor announced details about a new coronavirus (COVID-19) Statutory Sick Pay Rebate Scheme. This scheme will allow small and medium sized employers, with fewer than 250 employees, to apply to HMRC to recover the costs of paying Statutory Sick Pay
Under the Coronavirus Job Retention Scheme, all employers in the UK will be able to access support to continue paying part of employees’ salaries who would otherwise have been laid off during the ongoing health crisis. Furloughed workers are those whose employers cannot cover staff
Chancellor Rishi Sunak has announced some major economic measures to help businesses and individuals deal with the Corona Virus crisis. We have set out below the headlines of what was said including links to relevant articles, help sheets and support lines. Please note that some
