Options for paying VAT deferred due to COVID – 19
If your business took advantage of the option to defer VAT due between 20 March and 30 June 2020 you can now consider how you wish to pay the liability. You can, of course, pay it in full but if…
If your business took advantage of the option to defer VAT due between 20 March and 30 June 2020 you can now consider how you wish to pay the liability. You can, of course, pay it in full but if…
Are you worried about a late payment penalty from HMRC? If you are, then help is at hand. The self-assessment payment deadline is 31 January and interest is charged from 1 February on any amounts outstanding. Normally, HMRC charges a…
The Construction Industry Scheme (CIS) VAT reverse charge applies to construction services from 1 March 2021. Here is a simple guide to the new rules: What is it? The new reverse charge will apply to supplies of construction work from…