Supplies made by the hospitality industry that have been subject to a 5% VAT rate since July 2020, will become liable to 12.5% VAT between 1 October 2021 and 31 March 2022.
A recap of HMRC’s proposals to reform the penalties for late submissions to a points based system.
HMRC is making SEISS (Self-Employment Income Support Scheme) auto-corrections to 2020/21 tax returns where it believes the total of declared SEISS grants received does not match their records.
HMRC report indicates trends towards cashless payments will continue. Kay Brookes, partner at Bates Weston looks at how cashless payments can help with cashflow management.
A guide to the new off payroll working rules, effective from 6 April 2021 and the actions personal service company directors may need to take.