Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.
As a result of the impact of COVID-19 restrictions, self assessment taxpayers have more time to pay their tax or set up a payment plan to avoid facing a 5% late payment penalty charge, as long as arrangements are in place by midnight on 1 April. Anyone who has not settled their liabilities for the […]
Monday 5 April, which marks the end of the 2020/21 tax year, is fast approaching – and what a year it has been. As vaccines bring hope and we all look forward to brighter days, in every sense of the meaning, some timely tax planning could benefit you. Below is a list of the main […]
Updated 23 February Did you miss the Self Assessment deadline of 31 January this year? As we know, the past year has been anything but normal and the Self Assessment deadline was no different. On 25 January HMRC announced that Self Assessment customers will not receive an automatic late filing penalty if the deadline was missed […]
Overview Global equity markets continued to rally Value stocks had their best quarter since 2009 The impact of vaccine announcements overshadowed those of further lockdown measures Low returns on government bonds expected to continue. Equities Following last quarter’s rebound, equity markets continued to rally in the fourth quarter of 2020. In spite of government action […]
It’s been almost 2 years since HMRC introduced the first phase of Making Tax Digital (MTD) for VAT registered businesses with a turnover above the VAT threshold of £85,000. Although the pace of the wider ‘Making Tax Digital’ strategy rollout has been slowed by the impact of COVID-19, you should be aware of the key […]