VAT reverse warning to construction firms
Contractors and subcontractors in the building and construction industry need to know about new VAT reverse changes. This starts next March but you need to be prepared before that. Failing to correctly implement the new regime could mean business owners facing...
Working from home tax relief tool launched
People working from home during the pandemic can claim tax relief by using a new online tool from the government. The online portal allows employees to claim expenses. Items you are allowed to claim for include expenses for working from home include: Repairing or...
Coronavirus business support schemes revised
As England enters a second lockdown, the government has announced changes to the coronavirus business support schemes. Coronavirus Job Retention Scheme One of the first coronavirus business support schemes introduced during the first lockdown is the Coronavirus Job...
Furlough scheme deadline for incorrect claims
Employers have just days to ensure that they correctly calculated their furlough scheme claims or face an investigation from HMRC. The deadline to correct mistakes is Tuesday, 20 October and failing to make checks could result in penalties. The tax authority claims...