Budget highlights The main rate of corporation tax will be increased to 25% from April 2023 for companies with profits of at least £250,000. At the same time, a new small companies’ rate of 19% will apply to companies...
Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April 2021, HM Revenue and Customs have announced. The payment deadline for Self Assessment is...
HMRC have released further guidance in relation to paying the VAT that was deferred between 20 March and 30 June 2020. Please see below a summary of the announcement:- If you deferred VAT payments due between 20 March...