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Do you know when your business needs to register for VAT? It may seem obvious, but many business owners find they have hit the VAT threshold without even realising it, leaving them with a hefty VAT bill that they can’t recoup from their customers. , A business must register for VAT when it is expected […]
Businesses that deferred VAT payments last year have until 21 June 2021 to join the new online payment scheme, allowing them to pay in monthly installments. Over half a million businesses deferred VAT payments due between March and December 2020 under the VAT Payment Deferral Scheme. Businesses that sign up for the scheme can pay […]
Chancellor Rishi Sunak announced this week his March budget, confirming the extension of the Coronavirus Job Retention Scheme (CJRS) until the end of September as well outlining the government’s tax and spending plans for the upcoming year. Coronavirus Support As expected, the furlough scheme will be extended until the end of September, however employers will […]