Coronavirus VAT and tax deferral
One of the announcements that was less publicised yesterday with the introduction of the Coronavirus job retention scheme was the Coronavirus VAT and tax deferral scheme. Payment will be expected in due course but it gives some breathing space and potentially some...
Coronavirus job retention scheme
In a massive boost for employers and employees the government has announced direct funding for employers to retain their staff on the payroll the Coronavirus job retention scheme, and this includes bringing back people already laid off or made redundant. The...
Coronavirus what is the government doing
With the current situation businesses and individuals are asking about coronavirus what is the government doing. Clients are receiving email updates and the text of these has been added below: 19 March There was nothing significant in the press release on 17 March,...
Budget 2020
The Budget 2020 will probably be one of the least reported except for the impact that Coronavirus has had. The Chancellor started his speech with the steps that the government is introducing to assist businesses and individuals affected by it, described as the Budget...
Electric vehicle why you should have one
With changes in the tax rules we look at the electric vehicle why you should have one. The take up of electric vehicles has so far been quite slow and with everyone's awareness of climate change and the phasing out of new petrol and diesel vehicles in 2035, the...
IR35 in the private sector – the latest
There is no clear path ahead for IR35 in the private sector with different organisations taking different views of how to deal with it: No one really knows what the end client is going to do at the momentSainsburys have said (very recently) that they will assess...
Sign up for Making Tax Digital for VAT
Step 1 of the process to keep your books electronically should have been completed by 1 April, now you need to Sign up for Making Tax Digital for VAT and the process is as follows: Click for the link on the gov.uk website then answer questions on the next few screens...
Budget 2018
The Budget 2018 had a few surprises up it's sleeve but alot of the measures seemed to be on hold until post Brexit and the subsequent spending review. Public spending is now in control and in the words of the Chancellor Philip Hammond "The era of austerity is finally...
HMRC Scams
It is easy to be mislead by HMRC scams as a client today discovered when he was called by someone claiming to be from HMRC alleging there was a warrant out for his arrest. Having spoken to HMRC as his agent they said that my client would definitely have know if there...
Tax for Missionaries
As a Christian accountant I get a number of calls regarding Tax for Missionaries, and what their status is. Anyone leaving the UK permanently becomes non resident from that point and they have no obligations to submit a tax return from that point unless they still...