If you pay your VAT by Direct Debit (DD) and want to take advantage of the current deferral opportunity there is action you must take.
The Government have updated their COVID-19 Business Support web page with details of deferrral of VAT and some Self-Assessment tax payments.
Yesteray evening (17th March 2020) the Government announced a delay to the off-payroll working rules that were due to come in from April 2020. Due to the current corona virus situation the rules will now be delayed for one year to April 2021.
A YouTube video of the announcement is below.
Yesterday, Rishi Sunak announced the Budget 2020. What did he say, but more importantly what does it mean for you?
View the Ashgates Budget 2020 Report
With the end of the tax year looming there is still time to save tax for 2019/20.
The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules.
There are different levels of NMW and NLW, depending on age and whether the employee is an apprentice. The rates are due to increase from 1 April 2020 as shown in the following table: