HMRC Warning for Self-Assessment Tax Return Scammers

HMRC Warning for Self-Assessment Tax Return Scammers

HMRC Warning for self-assessment tax return scammers With the new deadline for the Self-Assessment tax return form to be completed and returned to HMRC by the 31st January 2021, there has been a significant increase in scammers posing as HMRC taking advantage of...
How Will the New Job Support Scheme Work?

How Will the New Job Support Scheme Work?

How will the new Job Support Scheme work? *LATEST GOVERNMENT UPDATE NOVEMBER 2020* Over recent months during the outbreak of Covid-19, the nation has been informed with different news updates relating to the furlough and retention schemes. As the current Job Retention...
VAT Reverse Charge – How to Prepare

VAT Reverse Charge – How to Prepare

VAT Reverse charge- how to prepare What is the VAT Reverse Charge? The VAT reverse charge is for building and construction services in the United Kingdom, and applies to how VAT is processed and handled within the construction industry.  The VAT charge is an extension...
How to Claim the Employment Allowance 

How to Claim the Employment Allowance 

How to Claim the Employment Allowance The National Insurance Employment Allowance allows certain UK businesses that employ workers, to reduce their annual National Insurance tax by up to a total of £4,000.   The Chancellor announced in the budget of 2020, that...
Job Retention Bonus Scheme – The Latest Update

Job Retention Bonus Scheme – The Latest Update

job retention bonus scheme THE LATEST UPDATE Latest update on the Job Retention Bonus Scheme.   On 31 July 2020, Chancellor of the Exchequer Rishi Sunak announced that businesses can receive a one-off payment of £1,000 per furloughed employee if those employees...
P11D Form Deadline – Did You Miss It?

P11D Form Deadline – Did You Miss It?

p11d form deadline - did you miss it? The deadline for the P11D was the 6th July,2020. Have you missed it?   What is P11D? A P11D tax form is a statutory form which is needed by the tax office, in order to show the value of your end of year expenses. This is...