Coronavirus – deferral of VAT payments

HMRC has announced an automatic deferral of VAT payments due in the period from 20 March 2020 until 30 June 2020.  The deferral is available to all VAT registered UK businesses and does not need to be applied for.  No interest will be charged on amounts deferred under...

Coronavirus – HMRC helpline

If businesses are unable to pay their tax liabilities on time due to the impact of coronavirus (COVID-19) they should contact HMRC to discuss payment options. HMRC has set up a helpline specifically for businesses which will have trouble paying tax due to the effect...

VAT, Personal Services Companies and IR35

On 6 April 2021 the new rules for deciding whether a contractor, working through a company or other intermediary, is engaged on terms equivalent to employment, are being extended to contracts with large and medium-sized private companies. Often freelance contractors...

Trading with the EU – recent VAT changes

In the months of uncertainty arising from the “will we, won’t we” crash out of the EU, some changes to VAT and trading in the EU have been agreed and implemented by the EU Commission.  These changes took effect on 1 January 2020. These changes are designed to...