IR35: Arriving in April 2021

IR35: Arriving in April 2021

According to Wikipedia, IR35 refers to the United Kingdom’s anti-avoidance tax legislation designed to tax ‘disguised’ employment at a rate similar to employment. In this context, “disguised employees” means workers who receive payments...
Self-assessment deadline looming…

Self-assessment deadline looming…

Self-assessment deadline looming… As the deadline for submitting the self-assessment return is approaching, here is our list of things which are often forgotten, misreported or miscalculated on the tax self-assessment forms. Register on time You have to register...
Spread your Self Assessment tax bill

Spread your Self Assessment tax bill

Spread your Self Assessment tax bill According to the government’s Winter Economy Plan, taxpayers are allowed to spread their payment over an additional 12 months from 31 January 2021 via an online self-service Time to Pay facility. The taxpayers can use the...
Brexit: What’s Next

Brexit: What’s Next

Brexit: What’s Next While the world is overwhelmed with the COVID-19 crisis, the Brexit plans are going ahead. Predictably, they will have a financial and legal impact on our business and everyday life. AAT, a professional membership body, collected a list of...
Making Tax Digital – What Does It Mean for You?

Making Tax Digital – What Does It Mean for You?

Some big news about the Government’s ambitious push on Making Tax Digital programme: From April 2022 – the voluntarily VAT-registered (VAT-able turnover below £85K) will be required to digital tax service’ and move to keeping digital VAT records and submit VAT...
Self-Employment Income Support Scheme is now open

Self-Employment Income Support Scheme is now open

Self-Employment Income Support Scheme is now open The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. This is a temporary scheme, but it...