COVID: Impact on Retailers and Business Rates Relief
In the UK Spring Budget, the Chancellor announced business rates relief. It might be a new year, but the ongoing Covid-19 pandemic means that there are further challenges for the…
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VAT Rules Post Brexit
VAT Rules Post Brexit: The UK continues to levy VAT but there are changes. However, there are changes to VAT rules for transactions between the UK and EU member states.…
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The Domestic Reverse VAT Charge in the Construction Industry
From 1 March 2021, the domestic reverse VAT charge will come into effect for businesses in the construction industry. The domestic reverse VAT charge (DRC) will now mean that the…
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Why use XERO as your accounting software?
We are often asked by clients why we use XERO as our recommended accounting software. While not the cheapest option available in the market, we like the following features: The…
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VAT Deferral of Payments – New HMRC Payment Scheme Relief
VAT deferral of payments was one of the COVID19 reliefs offered by HMRC. Those unable to make payment of VAT were able to defer these payments from 20 March 2020…
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Transferring Marriage Allowance
You could potentially save up to £250 each tax year by transferring a portion of your Marriage Allowance to your spouse/civil partner. Transferring the Marriage Allowance lets a spouse or…
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Winding up your company? The corporation tax requirements you need to know!
Winding up your limited company due to the voluntary or compulsory closing, might still incur tax. Whether it is due to ceasing trading, the voluntary or compulsory closing of your…
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VAT deferred payments period has ended!
The VAT deferred payments period that HMRC allowed from March to June 2020 has ended. In order to alleviate cashflow during the COVID19 pandemic, HMRC allowed for a deferral of…
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Job Retention Bonus
The Job Retention Bonus was announced by Chancellor Rishi Sunak, as part of his Plan for Jobs. This is an initiative designed to encourage employers to bring employees who had…
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