Companies House filing deadline extension

The Government have announced a 3 month extension to the Companies House filing deadline for company accounts. Companies can apply for this from 25th March 2020 and so avoid late filing penalties if the accounts are filed late. Application needs to be made before the original filing date.

VAT on Imports – Postponed VAT Accounting (PVA)

When importing goods into the UK VAT is due on those goods if their value is over £135. Since 1st January 2021 this also applies to goods imported from the European Union (EU), Historically, VAT is paid at the time of import, with a form C79 report, and then recovered on the next VAT return. This […]

Fifth SEISS Claim

HMRC are now contacting self-employed individuals to apply for the fifth and final SEISS grant to support those affected by coronavirus (COVID-19). To be eligible to make a claim for the grant, individuals must: IN ADDITION, they must have: To make the claim individuals will need their turnover for: Two levels of grant will be available:

Budget and Forecasting Service

The last 18 months or so have been exceptionally challenging times for many businesses. As the country and economy seeks to return to some sort of normality, financial planning and forecasting are critical for businesses to succeed. One of the key areas of success of every company is the Budgeting and Forecasting process. Every business […]

HMRC allows self-assessment taxpayers more time to ease Covid-19 pressures.

HMRC has today announced that they will not charge: 1. Late filing penalties for those who file online by 28‌‌ ‌February 2022. 2. Late payment penalties for those who pay the tax due in full or set up a payment plan by 1‌‌ ‌April 2022.  This will give taxpayers and their representatives additional time if they need it and will […]