Graeme Seavor
There are significant VAT changes being introduced into the construction industry from 1 March 2021. The rules being introduced are a VAT reverse charge for building and construction services to combat VAT fraud within the construction industry. What is the VAT reverse charge? The VAT reverse charge will apply to businesses who are VAT registered … Read more
The Government announced on 31 October 2020 a further lock down for England commencing on 5 November 2020 to 2 December 2020. Many businesses will be required to close during this period. We empathise with many businesses where this will have a significant detrimental effect. We recommend businesses review their cash position and key areas … Read more
If you are self-employed or a member of a partnership and have been adversely affected by Coronavirus you will potentially qualify for a Self-Employment Income Support Scheme Grant. You can make a claim for the grant at https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme. You will require the following details to make a claim: Self Assessment Unique Taxpayer Reference (UTR) National … Read more
There are two government backed loan schemes which have been provided to assist businesses through the cash flow challenges of the Coronavirus pandemic. These are the Bounce Back Loan (BBL) and the Coronavirus Business Interruption Loan Scheme (CBILS). The schemes will close to new applications at the end of November 2020. A summary of the … Read more
Various grant schemes are available to employers as a result of the Coronavirus pandemic to safeguard jobs. Coronavirus Job Retention Scheme – EXTENDED UNITL THE END OF MARCH 2021 (Previously November 2020) The government’s Coronavirus Job Retention Scheme (CJRS) has been extended until the end of March 2021 following further government announcements made on 5 … Read more
The Chartered Institute of Taxation
The Association of Taxation Technicians