HMRC is starting to investigate businesses that it suspects have been abusing the government’s Coronavirus Job Retention Scheme (CJRS) that provided financial support for employees placed on furlough.
In an urgent response to the coronavirus pandemic and to support businesses severely affected by forced closures and social distancing measures the government has announced a temporary reduction in the VAT rate for certain items.
Recent reports suggest that HMRC conducted 337,000 enquiries into UK taxpayers last year, if you are one of them under the spotlight here are some things to consider.
Our Director, Lisa Topliss has been reflecting on the lessons learnt from running a business during lockdown, many of which will help inform Bedrock’s working practices going forward.
As part of the government’s business support initiative in response to the coronavirus crisis businesses were allowed to defer their VAT payments due between 20 March to
30 June 2020 until March 2021 without HMRC charging interest or penalties.
You’ll probably have seen the rumours in the press that the UK government is considering whether to follow Germany’s lead with covid-19 recovery VAT cuts. Here we take a look at what that could mean for businesses in the UK.
Many businesses are going to struggle through the coming months with significant restrictions being placed on people’s movements in the UK. The Government has taken action by putting in place various grants and loans to assist companies through the current crisis as well as deferring the next quarter of VAT payments. That got us thinking […]
Read about Bedrock’s arrangements to carry on working during the Covid-19 outbreak.
There was a tax ‘give-away’ in last week’s Budget announcement with supplies of e-books, digital magazines, e-newspapers and academic e-journals to be zero-rated from 1 December 2020 in the same way as printed material.
In his first Budget the Chancellor Rishi Sunak has made some changes to Capital Gains Tax Entrepreneurs’ Relief with a reduction in the lifetime limit.