Back in March 2021 as part of the spring budget, the chancellor announced a new enhanced allowance for Limited companies that were considering investing in new assets, as a way of generating business stimulus as they come out of the global covid pandemic. The new allowance in effect increases the value of the equipment…
So it begins again. From the 6th April, a new tax year has begun. This means that Personal Tax returns can now be completed and submitted to HMRC, notifying them of your income for the previous tax year, 6th April 2020 to 5th April 2021. Why submit now? Surely the deadline is 31st January…
The long-awaited 2021 Budget announcement from the chancellor had lots of professionals wondering whether it was going to be a compassionate and sympathetic budget, with additional support to continue to help individuals and businesses as we are still currently within a national lockdown, or whether the road to recovery and payback was due to start,…
If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full, on or before 31 March 2021 join the VAT deferral new payment scheme – the online service is open between 23 February 2021 and 21 June 2021…
HMRC announced this year that you could set up a payment plan with them if you were unable to pay your 2019/2020 personal tax liability by the 31st January 2021. You can set up a payment plan to spread the cost of your latest Self Assessment bill if all the following apply: you owe…