By Neil Driver, Director at Davis Grant Non-resident landlords are, for the first time, having to get to grips with new rules regarding Corporation Tax that were introduced more than a year ago.
‘Pingdemic’ – an increase in self-isolating threatens supermarket sales
The NHS app has told so many supermarket workers to self-isolate that some stores are now considering reducing opening hours or closing altogether.
Help to Grow: Management scheme now open
The Government’s landmark Help to Grow: Management scheme is now open for applications.
I am an overseas seller selling directly to UK customers – do I need to register for VAT?
Are you selling goods directly to UK customers after 1 January 2021? Follow this handy guide to help decide whether you need to register for VAT in the UK. For further information, please get in touch with our expert team. If you are selling to an individual If the consignment is valued at more than […]
Corporate Insolvency and Governance Act 2020 – the changes in 2021
Some temporary relief measures introduced under the Corporate Insolvency and Governance Act 2020 (CIGA) are extending, the Government announced on 16 June 2021.
Businesses told to prepare for “full customs control”
Businesses should use the next six months to prepare for “full customs control”, the Government has warned.
Time to prepare for Corporation Tax changes
From April 2023, the Corporation Tax rate will rise for companies with profits of more than £50,000, following the Chancellor’s announcement at his Spring 2021 Budget. However, the new higher rate of Corporation Tax will not be the same for all companies and will instead be tied to their profits. Companies generating profits of £250,000 […]
Points-based system for HMRC late payment penalties
Penalties for late submission and late tax payments will be determined by a new points system to make them fairer and more consistent, HM Revenue & Customs (HMRC) has announced. Under the new system, penalties will be points-based rather than automatic. This means that those who consistently miss deadlines will accrue more points – and […]
Take account of your year-end tax liabilities
Payments on account are advance payments towards your tax liability for the year, if you complete a UK Self-Assessment tax return and is a way of settling tax owed. The two deadlines for the self-employed to pay their tax bills are 31 January and 31 July of each year. These two payments are made during […]