VAT payments after 30th June 2020 need to be paid per their usual due date.
News
Job Retention Bonus
£1,000 Job Retention Bonus, an initiative designed to encourage employers to bring employees who had been furloughed under the Coronavirus Job Retention Scheme (CJRS) back to work.
Financial Support when Paying for Childcare
You could save up to £2,000 a year per child by using the Government’s Tax Free Childcare scheme when paying for approved childcare.
Changes to Top Slicing Relief on Life Insurance Policy Gains
HMRC issued changes to working out Top Slicing Relief on life insurance policy gains.
New VAT Cuts for the Hospitality Industry
In a bid to support the hospitality sector HMRC has cut the VAT rate from 20% to 5%, the rate cut will take effect from 15 July 2020 to 12 January 2021.
Stamp Duty Holiday – What it Means for Buy-to-lets and Limited Companies
Purchasing additional properties through limited companies during the stamp duty holiday
Taxation of Expenses if your Employee Works from Home Due to Coronavirus (COVID-19)
HMRC allows for exemption on income tax and National Insurance Contributions (NICs) linked to the reimbursement of expenses and to the purchase of home office equipment.
Repaying Student Loans
If the current situation with COVID-19 means that your employment details have changed you will need to notify the Student Loans Company and you could be eligible for a refund if your current earnings fall below the student loans repayment threshold.
Statutory Residence Test and Coronavirus (Covid19)
The statutory residence test will be temporarily amended to ensure that any time spent in the UK by individuals working on COVID-19 related activities between 1 March and 1 June 2020 will not count towards the residence tests.
COVID-19 Support: Deferring Self-Assessment Payments on Account
If you make Self-Assessment payments on account and are due to make a payment in July 2020, then you have the option to defer payment until January 2021.
Search
Recent Articles
- Are Your Heirs Prepared? Big Changes Coming to How Pensions Are Taxed after Death. November 13, 2024
- The end of non-domicile status in the UK: What does this mean? November 8, 2024
- UK Autumn Statement 2024 October 30, 2024
- The consequences of poor personal financial administration: The importance of protecting yourself and your loved ones October 23, 2024
- Heading to Italy? Watch out for rising tourist taxes October 11, 2024