MTD for VAT: crunch time
Most VAT registered businesses were required to comply with the making tax digital (MTD) regulations for VAT periods beginning on or after 1 April 2019. HMRC has not been imposing penalties for non-compliance with those rules, preferring to nudge businesses with...Beware of mini umbrella companies
Umbrella companies employ temporary workers such as contractors on behalf of employment agencies or very large companies. The umbrella company will operate the payroll and makes money by taking a cut of the fees earned by the individual. An umbrella company should...The benefits of R&D tax relief for SMEs
Jonathan Walton and Owen Kyffin of Whitley Stimpson shared their knowledge of Research and Development (R&D) tax relief and the benefits for SMEs in B4’s The Business Brunch.
Important changes to non-MTD VAT filing from April 2021
On 7 April 2021, HMRC will be unplugging its “VAT XML” filing system for organisations that are voluntarily registered for VAT, but who are not yet signed up for Making Tax Digital (MTD).
Two new SEISS grants
Two more grants under the self-employed income support scheme (SEISS) will soon be made available, capped at £7,500 each