Category: Taxation

VAT payments on account

The option to defer VAT payments during coronavirus has come to an end and businesses can no longer defer VAT. Payments on account arrangements ‘Payments on account’ are advance payments towards your VAT bill. HM Revenue and...

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Increase to Working Tax Credits

IncrEAse to Working Tax Credits As part of a number of measures to support the country during the coronavirus (COVID-19) pandemic, the basic element of Working Tax Credit has been increased by £1,045 to £3,040 from 6 April 2020...

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HMRC COVID-19 Helpline

HMRC helpline established to assist businesses affected by COVID-19 For businesses and self-employed individuals who are worried about not being able to pay their tax due to the outbreak of coronavirus, HMRC has set up...

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Digital Services Tax

From 1 April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media services and online marketplaces which derive value from UK users. The application of the current corporate tax rules...

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