Self Assessment Tax Return
Your Self Assessment tax return can be complicated, especially when you consider the impact Covid and business support grants have had on your profits.
What VAT rate applies to the hospitality industry from 1 October 2021?
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.
Penalties for late submissions to HMRC
A recap of HMRC’s proposals to reform the penalties for late submissions to a points based system.
HMRC SEISS Auto-Corrections
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.
Cashless payments and SMEs
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.