Budget Update
We are sure that there will be more news coming over the next few days, and we will keep you updated on developments, however, key takeaways from today’s budget are: Furlough extended to the end of September. Employees will continue…
VAT reverse charge for CIS
The rather innocuous sounding “domestic reverse VAT charge for building and construction services” comes into force tomorrow (1st March 2021). If you are a VAT registered member of the CIS scheme, you may need to take action. Below are some…
There’s Something About Start-ups
The FT reported in October 2017 that the number of UK start-ups had risen to a new record level. Forbes went on to say in a article in April 2018 that the number of UK tech start-ups increased 60% 2016…
Covid-19 / Coronavirus Support Update
The government has just announced a new micro business loan scheme. This has been described as a ‘bounce back loan’ and will help all those small businesses that were struggling to access the original Coronavirus Business Loan Scheme (CBILS). The…
Covid-19 / Coronavirus Briefing
Introduction COVID-19 (Coronavirus) represents a very real threat to a lot of small businesses. Whether this is through loss of earnings because you can’t work, or you have jobs cancelled on you, or because you have a lack of trade…
MTD for VAT is coming!
What is “Making Tax Digital”? Making Tax Digital (MTD) is a government initiative to modernise HMRC’s tax system, with the aim of making the whole process of administering tax simpler and more efficient. How does MTD for VAT work?…