Monthly Archives: December 2020
Concerned about tax payments due 31 January 2021?
UK taxpayers that file a tax return will need to pay a variety of self-assessment tax and NIC liabilities that will fall due at the end of January 2021. They include: · The second payment on account for 2019-20 … Continue reading
Parting shot from the Chancellor
For a man that has admitted he has concerns about the level of government funding committed to the support of businesses during the last nine months, Rishi Sunak’s disclosure last week that he is extending the furlough scheme to the … Continue reading
Looks like we are heading for a no-deal exit from the EU
If the following criteria apply, this is what our government recommend that you do from 1 January 2021: You: Are British Live and work in the UK Travel to the EU for business reasons Have no plans in the short-term … Continue reading
Accounting for import VAT on your VAT return
From 1 January 2021, if your business is registered for VAT in the UK, you will need to consider how to treat VAT added to imports from the EU. Accounting for import VAT on your VAT Return means you will … Continue reading
Possible crackdown on unfair employment clauses
The following update is copied from a government press release recently issued by the Department for Business, Energy & Industrial Strategy. New proposed measures to allow workers’ greater freedom to find new or additional work were unveiled by Business Secretary … Continue reading
