The off-payroll working rules that currently apply where services are provided to a public sector body through an intermediary, such as a personal service company, were due to be extended to the private sector from April 2020.
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Making Tax Digital (MTD) requires taxpayers to maintain electronic records and ‘communicate’ with HMRC digitally. Now is the time to look ahead and prepare for the next stages of the MTD programme.
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VAT Deferral – VAT payments from 20 March 2020 until 30 June 2020
Any businesses that wish to defer their VAT payments are automatically eligible to do so. VAT payments due on 7th April, 7th May or 7th June 2020 can be deferred until 31st March 2021.
Read MoreWe are sure that you are aware of the support that the Government have put in place during the current COVID19 virus to date, however we want to ensure that you are fully up to date and aware of support available to you. We write to let you know that we are posting updates as they come in on our Facebook Page ‘BFMS Accountants’ and will also be updating our website www.bfmsltd.co.uk ‘latest news’ page.
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Where a company’s annual return has a made-up date of 1 October 2011 or later, its principal business activity should be identified using the 2007 version of the UK SIC code (Standard Industrial Classification of Economic Activities) rather than the previous 2003 version.
Further details are available @ companieshouse.gov.uk/about/sic2007.shtml