Category Archives: Uncategorized

Prospects for 2021

Prospects for 2021
February 11, 2021

The short-term outlook for UK businesses operating in sectors badly affected by the present COVID lock-down directives is not good.

Many cannot trade, many others are facing reduced turnover. Both will be struggling to maintain reserves...

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Reminder of CIS VAT changes

Reminder of CIS VAT changes
February 1, 2021

Contractors and subcontractors registered for VAT and the Construction Industry Scheme will need to use the VAT reverse charge process for building and construction services from 1 March 2021.

VAT registered subcontractors affected by...

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Online payment plans

Online payment plans
February 1, 2021

Almost 25,000 Self-Assessment customers have set up an online payment plan to manage their tax liabilities in up to 12 monthly instalments, totalling £69.1 million, HMRC revealed recently.

In October, HMRC increased the threshold...

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