For those of you who were facing difficulties because of COVID-19 and chose to defer your tax repayments, Rishi Sunak has continued to make things a little bit easier for you. Below is just a short reminder of the latest announcement, which we hope you find useful. On 24th September, the Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March 2021, you can make smaller payments up to the end of March 2022, completely interest-free. 𝐈𝐌𝐏𝐎𝐑𝐓𝐀𝐍𝐓 You will, however, need to opt-in to the scheme, and for those who do, this means that your VAT liabilities due between 20 March and 30 June 2020 do not need to be paid in full until the end of March 2022. Those that can pay their deferred VAT can choose to do so by 31 March 2021. What if I still can’t pay my VAT? If you are still unable to pay the VAT due and need more time, see the guidance at <a class="oajrlxb2 g5ia77u1 qu0x051f esr5mh6w e9989ue4 r7d6kgcz rq0escxv nhd2j8a9 nc684nl6 p7hjln8o kvgmc6g5 cxmmr5t8 oygrvhab hcukyx3x jb3vyjys rz4wbd8a qt6c0cv9 a8nywdso i1ao9s8h esuyzwwr f1sip0of lzcic4wl py34i1dx gpro0wi8" tabindex="0" role="link" href="https://www.gov.uk/coronavirus/business-support?fbclid=IwAR3-xIxBQR83XPv06He0B84IC_EIJO6F48_p8tExKJtFd3CnkThrbM2ti6c" target="_blank" rel="nofollow noopener noreferrer">https://www.gov.uk/coronavirus/business-support about what to do if you cannot pay your tax bill on time you can also contact us by phone: 𝟬𝟭𝟲𝟯𝟰 𝟯𝟭𝟵𝟮𝟴𝟳 If, however, you would like to get some one-to-one advice, support or guidance please do pick up the phone and have a chat with our team. Call us on 𝟬𝟭𝟲𝟯𝟰 𝟯𝟭𝟵𝟮𝟴𝟳 or email brian@brianpusser.co.uk

Tax Defer Payment ?

linda2020-11-10T14:47:50+00:00November 6th, 2020|

Is trouble lurking in your SEISS claim?

linda2020-11-10T14:49:09+00:00June 26th, 2020|

Small Business Grant?

linda2020-11-05T16:10:15+00:00June 26th, 2020|

Have you been waiting for your Self-assessment tax return?

linda2020-11-05T16:11:01+00:00June 26th, 2020|

Should I trade as a sole trader or private limited company?

linda2020-11-05T16:12:31+00:00June 26th, 2020|

What are the terms of the extension and where does this leave the new Job Support Scheme?

linda2020-11-05T16:22:33+00:00June 26th, 2020|

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Q: Is trouble lurking in your SEISS claim?

HMRC has recently highlighted problems with Self-Employment Income Support Scheme (SEISS) claims. Even though it worked out the payments, it’s up to you to spot any problems. What steps should you be taking to check your claim? The next step - Penalties for not telling HMRC about Self-Employment Income Support Scheme grant overpayments

Q: Should I trade as a sole trader or private limited company?

We find that due to Covid-19, many people are looking at starting their own business. A common question that we get asked is, should I trade as a sole trader or private limited company? There’s no one-size-fits-all solution and deciding the best business structure to use should be based on your own personal circumstances. Thankfully, you won’t have to do this on your own. Book a call with Brian, and over a cup of tea and a Hobnob, he will explain everything in detail. Book a call at brian@brianpusser.co.uk

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FAQs

Tax Defer Payment ?

Is trouble lurking in your SEISS claim?

Small Business Grant?

Have you been waiting for your Self-assessment tax return?

Should I trade as a sole trader or private limited company?

What are the terms of the extension and where does this leave the new Job Support Scheme?

Let’s Supercharge Your Online Growth

B.R. Pusser & Co Ltd
Accountant & Business Advisor

FAQs

Tax Defer Payment ?

Is trouble lurking in your SEISS claim?

Small Business Grant?

Have you been waiting for your Self-assessment tax return?

Should I trade as a sole trader or private limited company?

What are the terms of the extension and where does this leave the new Job Support Scheme?

Let’s Supercharge Your Online Growth

B.R. Pusser & Co Ltd Accountant & Business Advisor

B.R. Pusser & Co Ltd
Accountant & Business Advisor