by admin | Oct 14, 2021 | HMRC, Tax, VAT
Extension of MTD for VAT VAT-registered traders whose VATable turnover is over the VAT registration threshold of £85,000 must comply with the requirements of Making Tax Digital (MTD) for VAT. This means that they must keep digital records and file their VAT returns...
by admin | Feb 16, 2021 | Business, Self Employed, VAT
The Government has updated its advice for businesses that deferred VAT payments between 20 March and 30 June 2020 to include details about how to join the new VAT deferral payment scheme. HMRC announced that the new scheme, which is an online service, will be open...
by admin | Nov 23, 2020 | HMRC, VAT
If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full on or before 31 March 2021 opt in to the VAT deferral new payment scheme when it launches in 2021 contact HMRC if you need more help to pay Pay...
by admin | Oct 7, 2020 | Accountancy, Business, HMRC, Self Employed, Tax, VAT
Job Support Scheme A new Job Support Scheme will be introduced from 1?? November to protect jobs where businesses are facing lower demand over the winter months due to coronavirus (COVID-19). Under the scheme, which will run for six months, the government will...
by admin | Jun 29, 2020 | HMRC, VAT
As part of the government’s support for businesses during COVID-19, HMRC gave businesses the option of deferring their VAT payments if they were unable to pay on time, without incurring late payment interest or penalties. Payment of VAT falling due between 20?? March...
by admin | Sep 16, 2019 | Albert's Knowledge Share, Business, Self Employed, VAT
The introduction of the domestic reverse charge for construction services will be delayed for a period of 12 months until 1 October 2020. Background A domestic reverse charge means the UK customer who get supplies of construction services must account for the...
