VAT, bread and sugar

A recent and unusual legal precedent has been set which relates to VAT in the food sector, though it may not be something you’ve considered before when tucking into your takeaway sandwich…

Could you be due a refund?

If you used a Disguised Remuneration tax planning scheme between April 6 1999 and April 5 2016 which made loans to you and you’ve settled the tax due with HMRC on or after March 16 2016 but before March 11 2020 you could qualify for a refund of Income Tax and National Insurance contributions paid.

Tax scam danger for new students

As new students start the academic year its not just Coronavirus related issues that may cause them problems, they could also be particularly vulnerable to cybercrime. With universities and colleges taking a blended approach to online and face-to-face tuition this year, and an increase in remote working due to the pandemic, students could be left […]

HMRC investigates furlough fraud

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.

VAT rate reduction

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.

HMRC enquiries into taxpayers

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.

VAT deferment scheme set to end soon

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.

What would a cut in VAT mean for your business?

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.

Planning for after Covid-19: improving cashflow

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 […]