HMRC launches new VAT deferral scheme

Nov 25, 2020 | COVID 19, VAT

Businesses that took up HMRC’s offer to defer some or all of their VAT liability due for payment between 20 March and 30 June 2020 are to be given more time to pay. Originally, the terms of the offer required the deferred VAT to be paid in full by no later than 31...

Full details of third SEISS grant announced

Nov 25, 2020 | COVID 19

In an earlier announcement, the government outlined the key points of the third self employment income support scheme (SEISS) grant. Now we have the full details – what are they?    Third grant. The grant is payable for the three month period beginning on 1...

The VAT reverse charge

Nov 19, 2020 | Uncategorised

The Law S55A VATA 1994 (customers to account for tax on supplies of goods or services of a kind used in missing trader fraud) provides that where a taxable person makes a supply of goods or services to which that section applies, and the supply is not an excepted...

Job Retention Scheme update

Nov 11, 2020 | COVID 19, Payroll

The Coronavirus Job Retention Scheme has been extended and will remain open until 31 March 2021. Claims will now need to be submitted by the 14th of the following month. If this falls on the weekend, claims should be submitted the next working day. Claims are still...