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Airbnb hosts may be contacted by HM Revenue and Customs
It has been reported that Airbnb are sharing details of hosts who have been letting out property in the UK in the tax year 2017/2018 and 2018/2019. Following this it is likely that HMRC will be targeting hosts to check whether they have reported this income to HMRC....
Self Employed Income Support Scheme grant extended for a second time
This information has been updated, please see our latest blog here. On 24 September, Rishi Sunak announced a raft of extended business support measures, including a new Job Support Scheme, extended tax deferrals, greater flexibility within the COVID loan schemes and,...
VAT deferral
As part of the Chancellor’s Winter Economy Plan he announced that businesses who had previously deferred VAT due from 20th March 2020 to 30th June 2020 will now have the option to pay this in smaller payments over a longer period. It was initially stated that this...
Pension Scams
Pension scams are big news at the moment. Whether that is articles in the national press or regulator funded warnings on television, it is a topic that needs careful consideration. In the current Covid-19 world, there will be many individuals who are feeling very...
Further tax deferral for taxpayers
Further announcements have been made by Rishi Sunak to assist people in paying their tax liabilities as COVID appears to be taking hold once again. Previously it was possible for people to defer paying the second payments on account that were due on 31 July 2020 to 31...
Chancellor announces changes to COVID loan Schemes
Recognising the importance of cash flow for businesses into 2021 the Chancellor, Rishi Sunak, announced changes to the government backed loan schemes, so as to provide more flexibility to business. Whilst there have been name changes to Pay as You Grow, the...
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