On 21 July the Treasury set out a first draft of the government’s ten-year plan to modernise the tax administration system. This includes restarting the making tax digital (MTD) programme which had ground to a halt in the face of Brexit and the coronavirus pandemic. MTD filing is to be extended to all VAT-registered traders from April 2022…
Month: July 2020
The worst is yet to come – are you ready?
With the easing of the lock-in, long days and sunshine and the promise from government that everything will be ‘back to normal by Christmas’, you could be forgiven for thinking that the worst effects of the Covid-19 pandemic are over. Soon there will be a vaccine, and everything will get back to normal. Unfortunately, nothing…
The Self-Employment Income Support Scheme is being extended…but half of the self-employed are still excluded
When the chancellor announced a scheme for the self-employed similar to the Coronavirus Job Retention Scheme most of the 5m self-employed in the UK breathed a sigh of relief even though it had been a long time coming. It wasn’t long, however, before HMRC started to reject applications from self-employed people excluded from the scheme.…
