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Covid-19 VAT Deferral New Payment Scheme (VDNPS)

Covid-19 VAT Deferral New Payment Scheme (VDNPS)

Who is it aimed at? Businesses who deferred their VAT payments due between 20th March 2020 and 30th June 2020 and have yet to pay it over to HMRC. What 3 options are presently open to these businesses? Pay the deferred VAT over in full on or before 31st March 2021....
VAT Penalties

VAT Penalties

All businesses in the UK, with annual turnover above the VAT threshold (currently £85k), are required to register for VAT and charge 20% VAT on their sales. This VAT must then be paid over to HMRC each quarter. Some businesses, however, can get into trouble paying...
VAT cut kicks in for certain sectors

VAT cut kicks in for certain sectors

A temporary cut to the standard rate of VAT for businesses in the food, drink, hospitality and tourism sectors has come into force.  Chancellor Rishi Sunak used last week’s economic update to announce the measure, which reduces the main rate from 20% to 5% until...

Important Update - COVID 19

We have fewer staff working in the office during lockdown and the office door will be locked. Please call in advance if you need to bring paperwork in and please wear a face covering. Our hours are Monday to Thursday 9am to 4pm.