• 4 March, 2021

     2021 Budget Summary

    More has been disclosed or leaked, of the 2021 Budget announcements than in previous years. But we now have the details and there is a lot to consider. The following 2021 Budget summary is split into four sections:COVID-19 related... read more

  • 24 February, 2021

    Pay As You Grow for Bounce Back Loans

    The Treasury has advised banks that provide Bounce Back Loans to offer a more flexible approach regarding repayments, called Pay as You Grow,  which is good news for small businesses.Pay As You Grow (PAYG)The new Pay As You Grow rules... read more

  • 17 February, 2021

    Tax Payment Plan

    If you cannot pay your tax bill then you can set up a tax payment plan with HMRC if you owe Self Assessment tax. If your bill is less than £30,000 you may be able to pay in monthly instalments. If... read more

  • 11 February, 2021

    Deferred VAT Payment Scheme

    HMRC have finally published guidance on paying the deferred VAT and will be opening the new payment scheme on 23rd of February. Would it help to pay in instalments? If you join by the 23rd march you can pay it... read more

  • 26 January, 2021

    Tax Return Deadline Extended

    Tax Return Deadline Extended With days left before 31 January, HMRC’s chief executive Jim Harra has finally conceded that HMRC will extend the tax return deadline and will not charge late filing penalties for  online tax returns submitted by 28 February.... read more

  • 6 January, 2021

    £4.6 billion lockdown grants announced

    Following a rapid rise in COVID infections, from yesterday 5th January 2021, England has been placed into a new lockdown and now the Chancellor has announced £4.6 billion of new lockdown grants to help support businesses forced to close. The... read more

  • 5 January, 2021

    Tax Return Penalties 2021

    HMRC have responded to a letter from all the main accounting bodies to extend the January 31st tax return deadline this year and remove tax return penalties. HMRC’s chief executive Jim Harra said to do so would encourage some taxpayers... read more