HMRC News Archives - Care Accountancy

March 15, 2021

Business News Capital Gain Tax Coronavirus News Corporation Tax HMRC News Income Tax Inheritance Tax Loan Schemes Property Tax Stamp Duty Tax Investigation VAT0

Finance Bill 2021: Details Published

The government has published the details of the Finance Bill 2021 on 11 March 2021. The Bill highlights the important law measures(announced in the recent 2021 Budget) set to come into legislation. Chancellor Rishi Sunak announced the following measures in his budget speech: an extension of the stamp duty holiday in England a super-deduction capital...

by Asma

March 1, 2021

Business News HMRC News Tax Investigation VAT0

VAT Deferral New Payment Scheme: New online service

HMRC has announced a new online VAT Deferral New Payment Scheme for the businesses that deferred VAT payments last year. Businesses can now pay in smaller monthly instalments. HMRC said that If businesses deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, they can: pay the...

by Asma

February 24, 2021

Business News HMRC News Tax Investigation VAT0

Domestic VAT reverse charge updates

The domestic VAT reverse charge for construction services will come into effect on 1 March 2021, according to HMRC. It was initially scheduled to come into effect from 1 October 2019 but was postponed until October 2020. The VAT reverse charge for construction is an extension of the Construction Industry Scheme (CIS).It applies only to...

by Asma

February 10, 2021

Business News HMRC News Loan Schemes0

Bounce Back Loan repayment terms extended

UK government has extended the Bounce Back Loan repayment terms for a further six months. Bounce Back Loan borrowers will now have the opportunity to make payments according to their individual circumstances. They now have the option to delay all repayments for a further six months. Pay as You Grow will be available to over...

by Asma

January 29, 2021

HMRC News Income Tax Tax Investigation0

Self assessment deadline extended until 28 February

HMRC has extended the self assessment deadline by a month until 28 February. It is a great relief for the customers struggling due to Coronavirus pandemic. Self Assessment customers will not receive a penalty for filing their online tax return late, HMRC announced on 25 January. Already more than 8.9 million taxpayers have filed their...

by Asma

January 13, 2021

Business News Corporation Tax HMRC News Income Tax Property Tax Tax Investigation0

What if you can’t pay your tax bill on time?

Contact HM Revenue and Customs (HMRC) as soon as possible if you have missed your tax bill payment. How you contact HMRC depends on what you need to pay. You have to pay interest if you pay late. You may avoid penalties by contacting HMRC as soon as possible. If you cannot pay because of...

by Asma

January 4, 2021

HMRC News Income Tax Tax Investigation0

2,700 tax returns filed on Christmas Day

HMRC’s new data has shown that 2,700 people used Christmas day to file their tax returns. Many taxpayers chose to send the documents in just after lunchtime on 25 December. The peak time for completing tax returns was between 2 pm to 2.59 pm. More than 200 customers pressed ‘submit’ on their online form in...

by Asma

December 2, 2020

Business News Coronavirus News HMRC News Loan Schemes0

CBILS applications predicted to rise

The experts have predicted a rise in the number of CBILS applications. The government’s Coronavirus Business Interruption Loan Scheme (CBILS) supports small businesses that have lost capital due to covid-19 outbreak. The finance lender MarketFinance recently surveyed 5,000 UK companies, employers with a minimum turnover of £250,000. The lender conducted the study in November 2020...

by Asma

November 2, 2020

Business News Coronavirus News HMRC News0

Extension of CJRS: Furlough scheme changed for new lockdown

Treasury has announced the extension of the Coronavirus Job Retention Scheme (CJRS) until December, with furloughed employees set to receive 80% of their salary for hours not worked and businesses asked only to cover national insurance and employer pension contributions. Prime Minister Boris Johnson announced a new national lockdown for England on 31 October. The...

by Asma

October 26, 2020

Business News Coronavirus News HMRC News0

Chancellor enhanced financial support for businesses affected by COVID

Chancellor announced increases in financial support for businesses yesterday to support businesses affected by COVID restrictions. Sunak highlighted that the current three-tier approach to introducing lockdown measures was ‘the right way to control the spread of the virus’. However, he acknowledged that ‘even businesses which remain open face profound economic uncertainty.’ So far, enhanced support...

Older Posts

HMRC News Archives - Care Accountancy

Finance Bill 2021: Details Published

VAT Deferral New Payment Scheme: New online service

Domestic VAT reverse charge updates

Bounce Back Loan repayment terms extended

Self assessment deadline extended until 28 February

What if you can’t pay your tax bill on time?

2,700 tax returns filed on Christmas Day

CBILS applications predicted to rise

Extension of CJRS: Furlough scheme changed for new lockdown

Chancellor enhanced financial support for businesses affected by COVID

CareAccountancyOffices

OUR LOCATIONSWhere to find us

GET IN TOUCHCare Accountancy Social Links

CareAccountancyOffices

OUR LOCATIONSWhere to find us

GET IN TOUCHCare Accountancy Social Links