The introduction of the Domestic Reverse Charge (“DRC”) for construction services will be delayed for five months from 1 October 2020 until 1 March 2021 due to the impact of the coronavirus pandemic on the construction sector.
The Government has written to VAT-registered businesses explaining what actions they need to take to prepare for life outside of the European Union.
Due to the rising concerns surrounding the second wave of coronavirus infections, and the effect it will have on the UK economy, the Chancellor Rishi Sunak is to announce the extension of the Government’s emergency Coronavirus Business Interruption Loan Scheme
The Annual Investment Allowance (AIA) for capital allowances was increased to £1,000,000 per annum for expenditure from 1 January 2019 – however, this was only a temporary measure and it is reducing back to £200,000 from 1 January 2021.
The Government has announced that it has secured a free trade agreement with Japan, which is the first major trade deal agreed as an independent trading nation.
Companies House has changed its bank details with effect from 1 September 2020 following a technical change to the way it is funded. Letters sent by Companies House from 1 September 2020 onwards include the new bank details, which businesses
According to the latest official figures from HM Revenue & Customs (HMRC), a total of £1.1 billion was paid out in tax reliefs for the creative sector during 2019/20. The figure represents a rise of more than £30 million on
A new set of Advisory Fuel Rates for the next financial quarter are now in effect as of 1 September 2020. These rates apply to any employee who uses a company car. The rates can be used in circumstances where
As the Coronavirus Job Retention Scheme (CJRS) is slowly wound down by the Government, businesses must adapt their PAYE reporting and payroll function to reflect the required funding contributions. To help, we have provided a list of key dates for
The first Child Trust Funds (CTFs) are set to mature in September allowing those turning 18 to access their fund for the first time. CTFs were tax-free children’s savings account set up by the Government, which were available to those