Categories
CIS contractors CIS subcontractors COVID-19 Income tax Self Assessment tax return Self Assessment tax return filing deadline Self employment income Taxation Services The Coronavirus Business Interruption Loan Scheme The Self Employment Income Support Scheme UK Taxation VAT

COVID-19: The forgotten self-employed

COVID-19: The forgotten self-employed are individuals who have started their self-employment businesses since 5th April 2019 and, as a consequence are excluded from claiming grants through the self-employment Income Support Scheme. Being self-employed is like walking a tightrope and trying to balance the demands of creditors, staff and bank overdrafts on the one hand while […]

Categories
COVID-19 Deferral of VAT and Income Tax Income tax Self Assessment tax return Self Assessment tax return filing deadline Self employment income Taxation Services UK Taxation VAT VAT return filing deadline

COVID-19: Deferring VAT and Income Tax

The government has announced that they will support businesses during COVID-19 by deferring VAT and Income Tax payments. VAT will be deferred for 3 months starting from 20 March 2020 until 30 June 2020 and the self-employed will have their Self Assessment advance payment due in July 2020 deferred to January 2021. All UK businesses […]