Budget 2021 Extension to the Coronavirus Job Retention Scheme The Coronavirus Job Retention Scheme (CJRS) has been extended until the end of September 2021. The UK Government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up to the end of June […]
VAT deferral new payment scheme – open from 23rd February Any businesses that deferred paying VAT due in the period from 20 March to 30 June 2020 and can’t afford to pay by 31 March 2021 may join the new VAT deferral payment scheme and pay their deferred VAT over a longer period. This online […]
If you deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full, on or before 31 March 2021 join the VAT deferral new payment scheme – the online service is open between 23 February and 21 June 2021 contact HMRC […]
From April 2018, VAT registered businesses with a taxable turnover above the VAT registration threshold, currently £85,000 sales revenue in any 12 month period, must keep VAT records digitally and file their VAT returns using MTD compatible software. HMRC will require digital records for each business transaction to be submitted quarterly via compatible software. It […]