How to defer payment of the March, May & June 2020 VAT returns
If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full on or before 31 March 2021 opt in to the VAT deferral new payment scheme when it launches in 2021 contact HMRC if you need more help to pay […]
No Fine If Covid Makes You Miss Your Tax Return Deadline
You will no longer be fined for filing your tax return late if your business has been affected by coronavirus. These new rules will benefit millions of workers and will alleviate some pressure off many individuals. Those affected businesses that will not be able to file their tax returns by 31 January will be able […]
Check to see if simplified expenses could save money for your business
If you are a sole trader or partnership, there are 2 ways that you can calculate business expenses for vehicles, working from home and living on your business premises. You can use simplified expenses or calculate your expenses by working out their actual cost. *Please note that simplified expenses cannot be used by limited […]
The Tampon Tax Has Been Abolished Within The UK
After a lot of dispute over recent years, the ‘tampon tax’ has been abolished. As a result, a zero rate of VAT now applies to women’s sanitary products as of 1 January 2021. This comes as part of the governments action to end Period Poverty which includes the roll out of free sanitary products in […]
The Chancellor announces £4.6 billion in new lockdown grants to support businesses and protect jobs.
Following news last night (4 January) that the UK will be placed in another national lockdown, the government have announced that they will be offering new lockdown grants to support businesses and protect jobs over the coming months. Businesses across the country in the leisure, retail and hospitality industries have been forced to close […]
HMRC reject calls to relax tax return deadline
HMRC has rejected calls from professional bodies to relax the self assessment filing deadline. Penalty notices will be issued as usual to all who file late but more time will be allowed to appeal. The Institute of Accountants in England and Wales (ICAEW) have reported that many accountancy practices have made contact with them in […]
Are You & Your Business Ready For Brexit?
The UK has left the EU and there are now only 10 days remaining before we will be forced to face new rules for business with the EU. Additionally, we will also be forced to face a range of different protocols, especially when planning to travel abroad. These may include renewing your passport, taking out […]
Coronavirus Job Retention Scheme & Loan Schemes Extended
The furlough scheme, which was meant to end in March, has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages – giving businesses and employees across the UK certainty into the New Year. In a move to ensure firms can access the support they need through continuing […]
NR Barton Team Raise Over £500 For Wigan Youth Zone
Every year, a charity very close to our hearts (Wigan Youth Zone), makes a donation of perishable food and other domestic products to over 80 families across the Wigan borough. The restrictions imposed by Coronavirus have resulted in donations being slow so far this year. However, although things are different, the Christmas Festivities must still […]
HMRC’s New Draft Legislation for R&D Tax Credits
Under the UK R&D Tax Credit programme, R&D costs incurred for work done around the world can qualify for R&D tax relief. This is a very generous aspect of the programme but one that was subject to abuse. Companies outside the UK, with no real business purpose in the UK, were setting up UK companies […]
