Budget 2021 – Business Taxes
Here is a summary of the changes to business taxes which were announced in the Spring Budget by The Chancellor of the Exchequer.
Spring Budget 2021
Here you will find a summary of Chancellor Rishi Sunak’s Spring Budget announced in March 2021.
Further VAT deferral
At the start of the COVID-19 outbreak, many business owners decided to defer their VAT liabilities which would ordinarily have been due for payment between 20 March and 30 June 2020. Originally the deferred VAT liabilities were due to be paid by 31 March 2021....
How to ensure that your business is resilient
Whitley Stimpson take a look at business and financial resilience with Wise Investment. If a key member of staff took time off work due to illness or left permanently it could have a huge impact on a business. It’s therefore important that businesses have measures in...Contractors urged to check if key legislation could now apply
Private contractors who set up limited companies to avoid being responsible for PAYE and national insurance contributions are being warned of key changes to legislation.
What should employers or contractors do if the HMRC IR35 tool delivers an undetermined outcome?
The reforms to the off payroll working regulations are set to be introduced to the private sector in April 2021, and HMRC’s online tool for determining IR35 status delivers an outcome in most cases. But what should employers or contractors do if the outcome delivered by this online tool is ‘undetermined’?