Controversial changes to the basis period rules will be pushed back to 2024, the Government has announced. Critics said the reforms would needlessly burden businesses in the wake of the coronavirus pandemic and ahead of the introduction of Making Tax Digital ...
READ MOREWith the Speaker of the House of Commons by tradition not presiding over the Budget, the Chancellor might have hoped he would escape a rebuke over the number of important announcements disclosed to the media in advance. ...
READ MOREIf you are, then keep reading... From today, you have less than a week to submit paper tax returns for the 2020/21 tax year before the deadline on Sunday 31 October. Those submitting online tax returns, you have 98 days! For the 31 ...
READ MOREMore than four in 10 businesses in the UK now use external finance to support growth and investment plans, a major study has revealed. But finance options for rural business owners are still limited, resulting in slower growth compared to urban ...
READ MOREAccording to recent research, the total amount of money it costs a fraudster’s victim to get help with their wellbeing after being scammed is £9.3 billion a year. This unwanted financial burden is equivalent to £2,509 per annum for each victim. ...
READ MORESelf employed workers who believe they may struggle to pay tax this year should consider arranging an affordable payment plan, HM Revenue & Customs (HMRC) has said. The report comes ahead of the 31 October 2021 paper Self Assessment deadline. While taxpayers ...
READ MOREThe Night Time Industries Association (NTIA) has recently revealed that due to the pandemic, 393,000 jobs have ended across the night-time economy. Included in this figure is 86,000 roles in the “night-time cultural economy” (NTCE). This economy refers to nightclubs, theatres, ...
READ MOREMore small and medium-sized businesses than ever are taking advantage of the landmark Research & Development (R&D) tax relief scheme, it has been revealed. The initiative, launched in 2000/01, enables firms to claw back tax for every pound spent on innovation. SMEs ...
READ MOREAs the Coronavirus Job Retention Scheme (CJRS), otherwise known as the furlough scheme, ended on 30 September 2021, October marks the last month in which employers will need to handle the related claims. What dates shall employers be aware of? 14 October ...
READ MOREToday, 30 September 2021, is the last day self-employed workers can apply for the fifth and final Self Employment Income Support Scheme (SEISS) grant. Launched last year, the initiative supports freelancers, contractors and other self-employed workers who have been impacted by ...
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