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March 2021 – Insider Newsletter
Businesses that deferred paying VAT between 20 March 2020 and 30 June 2020 do not need to pay the full amounts by the end of this month.
A 0.5% increase to the personal allowance and higher-rate of income tax will be in place from 6 April 2021, according to the Treasury.
Thousands of small businesses that face severe cashflow problems due to late payments stand to benefit from changes to the prompt-payment code.
Around 1.8 million taxpayers missed the 2019/20 deadline for self-assessment on 31 January 2021, according to figures published by HMRC.
February 2021 – Insider Newsletter
Businesses in the sectors hardest hit by COVID-19 can access new one-off grants to help them get through lockdown.
Extending the furlough scheme until the end of April 2021 is showing evidence of minimising job losses, a report claims.
At least 250,000 small firms could permanently close this year, the Federation of Small Businesses (FSB) has warned.
Retailers experienced their worst annual sales performance since records began, figures from the British Retail Consortium (BRC) show.
January 2021 – Insider Newsletter
A temporary increase to the annual investment allowance has been extended until 1 January 2022, the Treasury confirmed.
HMRC is reminding taxpayers that the deadline to submit 2019/20 personal tax returns through self-assessment is on or before midnight on 31 January 2021.
One of the key factors that determine the tax on a business’s right to occupy commercial property in England has been frozen for 2021/22, the Chancellor has confirmed.
Employers of low-paid workers in the UK will have to absorb another rise to the national living wage and pay it to over-23s from April 2021, the Chancellor has confirmed.
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