Category: Tax

Business rates relief extended with £1.5 billion fund

Posted on April 8, 2021 | Legislation Changes | Self Employment | Startups | Tax
The government is to extend business rates relief with a £1.5 billion fund targeted at those businesses unable to benefit from the current COVID-19 support. Retail, …

Domestic VAT reverse charge comes into effect on 1 March

Posted on March 10, 2021 | Legislation Changes | Tax | VAT
The twice-delayed introduction of the domestic VAT reverse charge for construction services came into effect on 1 March 2021. The change was originally scheduled to come …

HMRC clarifies off-payroll rules

Posted on March 10, 2021 | Employment | Tax
HMRC has published a briefing on its approach to the changes to off-payroll working rules, commonly known as IR35, which will be introduced on 6 …

Late payment penalties for Self Assessment waived until 1 April

Posted on March 10, 2021 | Tax
HMRC has announced that Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a …