Here are some of the key points from the budget of 3 March 2021: Furlough and Self-employed grant extended until September. Universal Credit uplift of £20 to be extended for a further 6 months. Incentive payments of £3,000 for all new hires of any age. Business rates holiday will be extended until June. National insurance, Read more about Main points from the budget (3 March 2021)[…]
Stay vigilant about scams, which may mimic government/HMRC messages as a way of appearing authentic and unthreatening. Should you receive a suspicious text, phone call or email, you should notify HMRC by forwarding suspicious emails claiming to be from HMRC to email@example.com and texts to 60599 Below are some examples of scams that HMRC are aware Read more about Please be aware of scams[…]
With the next VAT deadline date of 7 May fast approaching, we wanted to send a reminder of the process for those who wish to utilise the VAT payment deferral announced by the Chancellor in March. There’s no need to apply for a deferral BUT: You are still required to file a return through the Read more about VAT Payment deferal[…]
The situation for Covid-19 is changing quickly, this information will help keep you up to date with current government advice and guidance, helping you quickly get to the facts. The information below was last updated on 20 March 2020. The Chancellor has set out a package of temporary, timely and targeted measures to support public services, Read more about Covid-19 – Support for Businesses and Self-Employed[…]
You can apply for 2 grants to help your business complete customs declarations, in preparation for the UK leaving the EU. You can apply to get funding for: training that helps your employees to complete customs declarations and processes IT improvements to help your business complete customs declarations more efficiently Who can apply You can Read more about Apply for grants if your business completes customs declarations[…]
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What is rent a room? Rent a room relief (RARR) allows anyone who lets all or part of their home, say to a lodger, ro receive tax free the lesser of £7,500, or £3,750 for each joint owner of the property, per year. The exemption applies to rents and related payments, e.g. money for laundry Read more about New rules on rent-a-room[…]
This short video tells you how to sign up to your own personal tax account, and how it helps you deal with your HMRC affairs online at a time that suits you, on a device of your choice. To set up/register for your own personal tax account – https://www.gov.uk/personal-tax-account
This video by HMRC explains how to register your new business online with HM Revenue & Customs so that you can complete a Self-Assessment tax return.