At the beginning of the New Year, it is crucial to have an overall understanding of your finances because it puts you in the position to make better decisions and set more meaningful objectives.
Kickstart Scheme: the changes from 3 February 2021
According to a report by the Department for Work and Pensions (DWP), the Kickstart Scheme has supported over 120,000 young people find employment, since its launch in September 2020.
Construction industry VAT reverse charge to come into effect on 1 March, Government confirms
The delayed Construction Industry Scheme (CIS) VAT reverse charge will come into effect on 1 March 2021, it has been confirmed.
EU exports halt as UK firms encounter extra charges
Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports to the EU as a result.
What to do if you’re rejected for Time to Pay
An estimated 25,000 taxpayers have registered to spread out tax payments this year using the Time to Pay service, HM Revenue & Customs (HMRC) recently revealed.
End of the Stamp Duty Land Tax holiday – What happens next?
By Neil Driver, Director at Davis Grant At this point in time, it is looking likely that the Stamp Duty Land Tax (SDLT) holiday will end on 31 March as originally intended, despite calls from many in the property sector to extend this support.
IR35: Businesses are still not prepared for off-payroll working rules
According to a recent study, many UK firms are not adequately prepared for the off-payroll tax rule changes for the private sector to start in April 2021.
Self Assessment: thousands spread tax liabilities in response to coronavirus disruption
Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed.
CJRS: Main changes to the extended scheme
Towards the end of 2020, the Chancellor announced the furlough scheme’s extension until 30 April 2021, which will continue to contribute 80 per cent towards employees’ wages.