Articles and information in relation to UK Payroll for business, employers and employees.
HMRC highlights online support for small businesses to help them understand their tax responsibilities Running a small business, working for yourself, or considering self-employment? HMRC’s free online guidance and interactive tools can help you understand your tax responsibilities As Small Business Saturday approaches, HM Revenue and Customs (HMRC) has launched a new interactive online tool … Continue reading New support for Small Business
28,000 small businesses freed from paying VAT, encouraging them to invest and grow as the threshold is raised from £85,000 to £90,000 Over one million properties protected from higher bills by freezing the small business rates multiplier for a fourth consecutive year Government backs British businesses as it sticks to the plan to cut taxes, … Continue reading VAT threshold raised and rates frozen in boost for small business
As part of the 6th March 2024, the chancellor announced an increase to the VAT registration threshold “We should reward smaller businesses who make a big impact on our society & employ millions of people. That's why from April 1, we're increasing the VAT registration threshold from £85,000 to £90,000 - cutting taxes for small … Continue reading VAT threshold increases -Budget 2024
If your business deferred VAT payments due between 20th March 2020 and 30th June 2020 and it still has payments to make, the business can: pay the deferred VAT in full, on or before 31st March 2021join the VAT deferral new payment scheme – the online service is open between 23rd February 2021 and 21st … Continue reading Pay VAT deferred due to coronavirus (COVID-19)