The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.
Businesses affected by the COVID-19 pandemic are being urged to request a Companies House filing extension before the deadline.
The Government has announced that the IR35 tax reforms which were due to be implemented in April 2020 have been delayed for a year due to the ongoing coronavirus outbreak.
On Wednesday 11 March, the Chancellor revealed that the Government would launch an emergency loan scheme designed to support businesses affected by the Covid-19 outbreak.
The Chancellor, Rishi Sunak, announced in yesterday’s Budget that entrepreneurs’ relief (ER) will be cut from £10 million to £1 million, effective immediately.
A recent study suggests that the UK economy could benefit by up to £15.3 billion if SMEs introduce the use of digital technology, tools and connectivity within their organisation.
Contractors and agency workers being paid through an umbrella arrangement which claims to increase take-home pay could be involved in tax avoidance, HM Revenue & Customs (HMRC) has warned.