VAT: Delay to next phase of Making Tax Digital

by | Apr 1, 2020

(There is no move to bring forward any changes to income tax returns for now and this seems unlikely to go ahead before 2022 at the earliest) Since April 2019, VAT returns have had to be submitted using special software – either linking to a bookkeeping...

Financial provision for some self employed

by | Mar 26, 2020

The assistance on offer as outlined today by the Chancellor – a ‘taxable grant’ – applies only to self-employed taxpayers who are trading or intending to continue when circumstances permit, and who Have submitted their tax return for the year...

Calls for financial provision for the self employed

by | Mar 25, 2020

There is much speculation as to whether the Chancellor will announce any substantial help for self-employed taxpayers. Clearly everyone whose self-employed work is affected (including me) is hoping for news sooner rather than later, and some statement on plans is...

20 March 2020

by | Mar 20, 2020

We can expect further announcements from the Chancellor in the coming weeks. Cashflow is pressing for many. Announcements today affecting tax: VAT-registered businesses can wait from now until the end of June to pay their next VAT bill Those with income tax payments...

Spring 2020 Budget

by | Mar 20, 2020

There was no 2019 budget – the expected autumn date was moved, because of uncertainty over Brexit. Since then, a new Chancellor, a new Budget and the far greater uncertainty mean that it is difficult to advise my tax clients for the best (also at present...