From the 1st of March 2021, if you are VAT registered and work in construction, you must ensure you are prepared for the VAT reverse charge.

The charge applies to services which are reduced-rate and standard rate VAT.  It applies to both individuals and businesses (Ltd Companies) who work within the Construction Industry Scheme (CIS).

Found out more here –

Last week the Chancellor announced his ‘Winter Economy Plan 2020’.  All the important points are detailed below, but please note that not all of these will affect your business.

Job Support Scheme

A new job support scheme will start on 1^st November for six months and will replace the current furlough scheme.  The scheme is designed to contribute towards

On 21st July, the Government announced their new timetable for Making Tax Digital (MTD).  This is part of their 10 year plan, to modernise the current tax system.  Only those over the VAT limit have been obligated to keep and submit their data in digital formats so far.  So what is changing? Well, here are the important dates from when

Chancellor Rishi Sunak announced a host of emergency funding measure , to help businesses through this difficult time. Here’s the important bits –

• VAT Reduction to 5% – The hospitality sector will benefit from a 6 months rate cut to just 5% from 15th July. This applies to the sale of food and non-alcoholic drinks.
• Job Retention Bonus – To

New rules coming into force on the 6th April 2020, mean that those who need to report Capital Gains Tax to HMRC on the sale of UK properties, need to do so within 30 days.

Under the old rules , you used to be able to declare any Capital Gains on your annual self assessment form, effectively giving you nearly

If you work for the NHS, Emergency Services, Care Home Services or any PAYE employment, where you had to buy your own PPE, you can use the following form to claim for Income Tax relief from the expense.

https://www.gov.uk/guidance/claim-income-tax-relief-for-your-employment-expenses-p87

This only applies to those who require PPE to do their jobs at work, it won’t apply to anyone buying it

We have been asked alot of question during this time of uncertainty. I have listed below a few of the more common ones. Hopefully this will help answer some of them. If you are still unsure about anything, please ask me. If I hear any updates on this, I will let you all know.

Q – When and how do

Following the announcement today, the following relief package has been made available to those who are Self Employed and unable to work due to COVID-19 :

• Up to 80% of average earnings over the last 3 tax years, capped at £2,500 per month.
• Available to all those who earn under £50,000 in taxable profits.
• Available to those who were already

For those who have business premises, you may be eligible for the Small Business Grant Scheme.

This one-off grant of up to £10,000, is available to ratepayers of small businesses in receipt of the Small Business Bonus Scheme (SBBS) or Rural Relief.

Although it does state this on the forms, we do have to highlight that while this is NOT