Further details on COVID support measures announced in the Budget

In the Budget, the Chancellor announced a range of COVID support measures for business. The measures include extending the Furlough Scheme and the Self Employed Income Support Scheme, and industry-specific support. Furlough Scheme The Chancellor confirmed the Furlough...

Detailed guidance on VAT deferral scheme

HMRC has now provided further detailed guidance notes on your payment options for VAT that was deferred in 2020. The original deferral scheme was introduced to assist VAT registered businesses so that they did not have to make a payment with their VAT return during...

2019-20 tax return penalties delayed to 28th February

HMRC has confirmed that taxpayers who need to complete income tax returns for the year ended 5th April 2020 but have not filed them by the 31st January 2021 will not face late filing penalties. This is on the provision that returns are filed by 28th February 2021....