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
Accruals basis (default) Cash basis COVID-19 Deferral of VAT and Income Tax Flat rate scheme Help with VAT PAYE CIS and Corporation Tax Help IT Contractors Taxation Services VAT VAT accounting schemes VAT return filing deadline

COVID-19: Deferral of VAT update

COVID-19: Deferral of VAT update: The government has just announced that businesses now have until 31 March 2021 to pay any VAT deferred as a result of this announcement. In addition, businesses can opt in to the deferral simply by not making VAT payments due in this period. The announcement also advised that businesses who […]

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 […]

Categories
Construction Industry Scheme (CIS) Corporation tax COVID-19 Help with VAT PAYE CIS and Corporation Tax Help PAYE Taxation Services UK Taxation VAT VAT return filing deadline

VAT PAYE and Corporation Tax Help for Covid-19

The government has promised support for all businesses and self-employed people in financial distress, and with outstanding tax liabilities, such as VAT PAYE and Corporation Tax. The HMRC’s Time To Pay service has been set up to support business with their tax affairs. Eligibility will be assessed on a case-by-case basis and will be tailored […]