VAT Deferral New Payment Scheme

VAT Deferral New Payment Scheme The VAT Deferral New Payment Scheme is open to businesses that deferred VAT due from 20 March to 30 June 2020 (under the VAT Payment Deferral Scheme) and still have payments to make. You can: pay the deferred VAT in full, on or before...

VAT Domestic Reverse Charge for the Construction Industry

VAT Domestic Reverse Charge for Construction Industry   On 1 March 2021 HMRC introduced a VAT Domestic Reverse Charge Scheme. The rules and requirements for reporting, paying and reclaiming VAT under this scheme are not straightforward however we have attempted...

Self Employed Income Support Grants 4 and 5

HMRC have issued some further guidance on the Self Employed Income Support Scheme (SEISS) grants 4 and 5: Self-Employment Income Support Scheme fourth grant – GOV.UK (www.gov.uk) The key changes from Grants 1-3 are: Grant 4 and 5 will be available for anyone who...

Budget Highlights March 2021

Further to todays Budget announcements by the Chancellor we have extracted some key highlights which we think should be relevant to most of our clients.  Please note that this is not a complete extract and we will forward more details as soon as they are available....

Rishi Sunak announces more help for businesses

Self Employment Income Support Scheme An initial taxable grant will be provided to those who are currently eligible for SEISS and are continuing to actively trade but face reduced demand due to coronavirus. The initial lump sum will cover three months’ worth of...

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