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Suspicious ‘HMRC’ phone calls
We want to reaffirm this as we have had a number of clients contact us regarding this over the last few months. You can be sure that HMRC will: · only ever call you asking about a claim or payment on a debt that you already know about · only ever call...
Pre-verification checks for new SEISS claims
The fourth SEISS grant will be open to some taxpayers who became newly self-employed in 2019/20. To protect the scheme from fraud, HMRC is writing to 100,000 of these taxpayers, asking them to complete pre-verification checks to confirm their identity and provide...
VAT Updates
Introduction of New VAT Penalty System HMRC have announced a reform of the current penalty system regarding late submissions of VAT returns and late payment of VAT liabilities. Instead of an automatic penalty being applied, points will be accrued depending on the...
Budget 2021: Key points
Chancellor Rishi Sunak set out the government's tax and spending plans for the year ahead. Here is a summary of the main points. Coronavirus support the Coronavirus Job Retention scheme (furlough scheme) will be extended until the end of September 2021. Employers’...
Covid-19: The Kickstart Scheme has changed
The Kickstart Scheme offers funding to create new job placements for 16 - 24 year olds on Universal Credit at risk of long term unemployment due to Coronavirus. Employers of all sizes can now apply for funding which covers: 100% of the National Minimum Wage for 25...
Essential Tax Dates: March/April 2021
1 March New Advisory Fuel Rates (AFR) for company car users apply from today. 19 March PAYE, Student loan and CIS deductions are due for the month to 5 March 2021. 31 March End of corporation tax financial year. End of CT61 quarterly period. Filing date for Company...
Government announces £1,000 bonus to help businesses take on trainees
The government recently announced that employers can now apply for a £1,000 cash boost to help them take on new trainees. The new scheme aims to support young people in gaining the skills and experience they need from the very start, helping them to get a job, an...
HMRC advisory fuel rates for company car users from 1 March
HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2021, increasing mileage rates for 1400-2000cc petrol vehicles by 1p per mile The advisory fuel rates that apply from 1 March 2021 have been increased by 1p per mile...
Covid-19: Deferred VAT Update
If you deferred VAT payments due between 20th March and 30th June 2020 and still have payments to make, you have the following options: pay the deferred VAT in full, on or before 31st March 2021 join the new VAT deferral payment scheme You may be charged interest or a...
National Minimum wage rates April 2021
Please be aware that these are the new rates from April 2021: Current level At Present Increase To Adult rate (21+) NLW (23+) £8.72 £8.91 Adult Rate (21-22) £8.20 £8.36 YDR (18-20) £6.45 £6.56 16-17 Yr. Old Rate £4.55 £4.62 Apprentice Rate £4.15 £4.30 The National...
Covid 19: Bounce Back Loan repayment options
Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government has announced. Pay as You Grow offers the option to tailor payments according to your circumstances. Options...
VAT reverse charge for building and construction services
From 1 March 2021 the domestic VAT reverse charge must be used for most supplies of building and construction services. This was due to commence last October but has been delayed twice due to Brexit and the Coronavirus. The charge applies to standard and reduced-rate...
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Tel: 0161 654 8626
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Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
