30 September 2021
On 23rd September, HMRC announced that businesses will get an extra year to prepare for the digitalization of the Income Tax. The decision to introduce MTD after the year of its initial release for Income Tax Self-Assessment is due to the pandemic where many of the businesses and their representatives…
The new legislation has been implemented as Late Payment Penalties that will be applied to payments due from VAT businesses and ITSA taxpayers. The current late payment penalties in Schedule 56 of FA 09 will be replaced by a new regime for ITSA taxpayers whereas, the Surcharge will be replaced…
27 September 2021
The rates will only apply to employees who are using a company car. These rates should not be used in any other circumstances other than the below: reimburse employees for the company cars for their business travel employees need to repay the cost of fuel used for private travel Reimburse…
31 August 2021
The end date has been extended until 5 April 2022 for the temporary adjustments made to the right to work checks is been confirmed by the Home Office. Initially, the deadline was scheduled for 1st September 2021, but this has now been amended to 5th April 2022 for the end…
The business that supplies goods & services and is partially exempt from VAT while using a special calculation method for tax recovery can apply online. HMRC has launched a service on 16th August that will help businesses to apply for a partial exemption. To use the services, you will need…
