News

Access to European Union VAT refund system to end on 31 March 2021, HMRC confirms

HM Revenue & Customs (HMRC) has confirmed that access to the European Union VAT refund system for expenses incurred before 01 January 2021 will cease on 31 March 2021.

Spending Review highlights long-term economic impact of Coronavirus pandemic

The Chancellor’s statement to Parliament setting out his Spending Review decisions came against a backdrop of predictions from the Office for Budget Responsibility (OB

Important deadlines approach for the furlough scheme

Businesses across the UK are being reminded of key deadlines and actions for the Coronavirus Job Retention Scheme (CJRS), which are just days away.

Third round of Self-Employment Income Support Scheme (SEISS) opens on Monday with tighter eligibility criteria

The third round of the Self-Employment Income Support Scheme (SEISS) will open on Monday 30 November 2020 with tighter eligibility criteria than have applied to the pr

Companies House to scrap paper reminder letters

Companies House has announced that businesses will no longer receive reminder letters, as it seeks to end paper communications.

The New COVID-19 Tier System

When the national temporary lockdown ends in England on 2 December 2020, the country will enter a new tougher, tiered local system of restrictions.

VAT after the Brexit transition

One of the key issues to consider before and after the Brexit transition period ends is VAT. Much of the UK’s current VAT rules and regulations are derived from EU VAT

IFS predicts tax rises of more than £40 billion a year by the middle of the decade

The Institute for Fiscal Studies (IFS) has predicted that taxes will need to rise by more than £40 billion a year by the middle of the decade to prevent Government

More than 50,000 people claim working from home tax relief through HM Revenue & Customs online portal

HM Revenue & Customs (HMRC) has received more than 50,000 claims for tax relief for working from home since opening a new online portal on 1 October. Since the start