by Lisa Dickson | Sep 8, 2020 | HMRC and tax
Why 2019/20 is the year to get your self-assessment tax return done early With everything that’s happened so far this year, it might be easy to forget your obligations to file a tax return for 2019/20 by midnight on 31 January 2021. The coronavirus pandemic and...
by Lisa Dickson | Sep 2, 2020 | HMRC and tax
Our top tips for keeping good VAT records Good housekeeping in the ‘financial’ sense is essential for keeping on top of your bookkeeping and VAT records. 1. Keeping trading records in good order Not only must you keep the records HMRC wants, but they must...
by Lisa Dickson | Aug 14, 2020 | HMRC and tax
Managing and planning business tax during COVID-19. Even among those who follow good tax-planning practice and maintain forecasts running several years forward, it is unlikely that many foresaw the dramatic end to the 2019/20 tax year. With the arrival of COVID-19 and...
by Lisa Dickson | Aug 7, 2020 | HMRC and tax
New measures announced in economic update. Since the Budget in March, businesses have seen a stream of different support schemes and policies announced to help them manage the financial impacts of the coronavirus lockdown. When Chancellor Rishi Sunak stood in the...
by Lisa Dickson | Jul 14, 2020 | HMRC and tax
What to expect from tax probes in 2020/21. After temporarily pausing tax investigations as COVID-19 business support measures rolled out earlier this year, HMRC has restarted probes into businesses and individuals’ tax affairs. The Revenue has also started to direct...
by Lisa Dickson | Jun 12, 2020 | HMRC and tax
How it works and interacts with capital allowances. The VAT capital goods scheme affects input VAT recovery relating to high-value capital assets. Input VAT is a tax incurred on most purchases made by VAT-registered firms, and they can usually reclaim it from HMRC in...
