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Starting Work: Self employed or employed?

Self-employed vs employed: Key differences If you are self-employed, you work for yourself, you do not have any employment rights and you pay your own tax. If you are an employee, you work for the employer. You have employment rights and your employer accounts for PAYE and National Insurance to HMRC and deducts these from…Read More

VAT deferral – new payment scheme

22. 02. 2021 If businesses deferred paying VAT due in the period from 20‌‌‌‌ ‌March to 30‌‌ ‌June‌‌ ‌2020 and can’t afford to pay by 31‌‌ March‌‌ ‌2021, they can join the VAT deferral new payment scheme and pay their deferred VAT over a longer period. The online service will open on 23‌‌ February‌‌ ‌2021…Read More

2019/20 Tax Return Penalties Delayed to 28 February 2021.

01.02.2021 HMRC have announced that taxpayers who did not file their 2019/20 tax return by 31 January 2021 will not receive a late filing penalty if they file by 28 February 2021. The usual deadline for 2019/20 tax returns submitted online is 31 January 2021. Failure to meet this would ordinarily result in an automatic…Read More

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