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Enterprising You
EnterprisingYou is a fully funded programme supporting self-employed, gig economy and small business owners who are residents of Greater Manchester. EnterprisingYou offers all participants access to a dedicated Business Coach, plus much more. The programme includes...
Key tax dates for February
2 February Deadline for submitting P46(Car) for employees whose car/fuel benefits changed during the quarter to 5 January 2021. 19 February PAYE, Student loan and CIS deductions are due for the month to 5 February 2021Key tax dates for
Updates re payments due to HMRC
Here are some reminders re payments due to HMRC. Self-Assessment: Did You Defer Your July 2020 Payment On Account? Any individuals with personal tax bills with need to pay by the deadline of 31st January 2021. If you chose to defer your July 2020 payment on account...
Furlough changes to be aware of.
The government has now published its official guidance for the Coronavirus Job Retention Scheme, which has been extended until 30 April 2021. Furloughed staff serving a notice period A crucial point is the situation regarding making claims for furloughed staff who...
Localised Restrictions Support Grant for Businesses
For businesses in Rochdale The Government have released details regarding the recently announced one-off grants. The Tier 4 Localised Restrictions Support Grant is for businesses who were forced to close on Thursday, 31 December 2020. This is primarily non-essential...
SEISS update: reminder re third self-employed grant
The online portal for applying for the third grant opened on 30 November. Although some changes to the rules have been made, the government has resisted calls to widen the scope of SEISS. It is well known that many groups are excluded from making a claim; the newly...
Chancellor Unveils £4.6bn Lockdown Grants
Prime Minister Boris Johnson last night announced a third national lockdown for England. As a result, yesterday, Chancellor Rishi Sunak announced £4bn funding for businesses in the retail, hospitality and leisure sectors, which will be closed until at least February...
Brexit Trade Agreement Update
The transition period for the UK leaving the EU has ended. The EU and UK have struck a trade deal, and this has been ratified by the UK Parliament so from 1 January we are trading with the EU quota and tariff “free”. There are new Customs regulations and VAT...
Brexit deal update
The UK and European Commission have finally agreed the terms of a post-Brexit free trade agreement. Customs procedures will apply to EU-UK trade, and although the free trade agreement avoids tariffs and quotas, businesses will need to be ready to comply with the new...
VAT Changes After Brexit
Pre-Brexit the UK was part of the EU VAT regime, meaning a UK business did not need to register for VAT in each EU country. However, as at 1st January 2021, UK businesses will have to treat EU countries like they do the rest of the world. Terminology will change;...
New penalties for overclaimed CJRS, SEISS and “Eat Out to Help Out” grants
New penalties for overclaimed CJRS, SEISS and “Eat Out to Help Out” grants HMRC have announced that they will be imposing penalties of up to 100% of the amounts overclaimed on businesses so make sure that your claims are correct.
Diary of main tax events; December/January
DECEMBER 2020 / JANUARY 2021 Date What’s Due 1/12/20 Corporation tax for year to 28/02/2020 unless quarterly instalments apply 19/12/20 PAYE & NIC deductions, and CIS return and tax, for month to 5/12/20 (due 22/12 if you pay electronically) 30/12/20 Deadline for...
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Tel: 0161 654 8626
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Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
