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A New VAT Deferral Payment Scheme has just Opened

HMRC have confirmed that businesses that deferred VAT payments between March and June 2020 will be eligible to join the new scheme where they can pay the deferred VAT in smaller monthly instalments. This will now give businesses the option to pay their deferred VAT in...

Self-Assessment – More Time to Pay

HMRC has announced further help for Self-Assessment taxpayers, by extending the late payment penalty deadline until 1 April 2021.  Under normal circumstances, a 5% penalty would be incurred on any tax payments which were due by 31 January 2021 and are still...

Are manufacturers becoming more sustainable?

In recent years slowing down climate change by reducing emissions has become a top priority for many countries around the world. In 2019 the UK government signed a legally binding target of net zero emissions by 2050. A survey of senior figures (managing directors,...

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A New VAT Deferral Payment Scheme has just Opened

HMRC have confirmed that businesses that deferred VAT payments between March and June 2020 will be eligible to join the new scheme where they can pay the deferred VAT in smaller monthly instalments. This will now give businesses the option to pay their deferred VAT in...

Self-Assessment – More Time to Pay

HMRC has announced further help for Self-Assessment taxpayers, by extending the late payment penalty deadline until 1 April 2021.  Under normal circumstances, a 5% penalty would be incurred on any tax payments which were due by 31 January 2021 and are still...