Business and Finance

How to submit a deferred VAT payment

On 20 March 2020, the Government announced that VAT payments could be deferred between that date and 30 June 2020, as part of measures to support businesses through the coronavirus pandemic. This deferment option was available to all VAT-registered businesses in the UK and was automatic, meaning it was not necessary to apply to HMRC. …

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Self Assessment Tax Deadline

31 January is the Self Assessment Tax Deadline

Last month, we reminded you about the 31 January deadline for filing Self Assessment tax returns and explained what you need to do. Now, with less than two weeks to go, it is essential you check with your tax advisor or accountant that your return has been filed correctly for the tax year that ended…

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tax accountants manchester

Maxing Tax Digital – Who will pay?

The Economic Affairs Committee has warned the HMRC that small businesses in the UK ‘could pay a heavy price’ for Making Tax Digital for VAT (MTD for VAT). What is MTD for VAT? If you haven’t heard of it, you need to get up to speed quickly because as the ICAEW website reports: From April 2019,…

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HMRC set for technological overhaul

HMRC have announced that they are set to change the way in which they operate, currently a large percentage of the government organisations work is done via traditional paper methods however, changes are being made to fit our technologically developed society. Each taxpayer will be allocated personal login details, their area will be personalised to their own needs and…

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