Feb 19, 2021 | Current AffairsGovernment Announcements
HMRC has published a new document outlining its IR35 compliance strategy, which will be introduced on 6 April 2021.Emphasising its advice from last year, the tax authority confirmed it will not issue fines for inaccuracies in the first year of the scheme, unless there...
Feb 18, 2021 | Current Affairs
The Institute for Fiscal Studies (IFS) has called on Chancellor Rishi Sunak to use the upcoming Budget to secure economic recovery, instead of focusing on public finances.The business group expects the Budget, which is due to take place on 3 March 2021, to outline...
Feb 17, 2021 | Current Affairs
Around 600,000 UK employers are at risk of business collapse in the spring if an extension in Government support schemes is not provided, according to a new report by the Institute for Public Policy Research (IPPR).Up to nine million jobs may be affected without an...
Feb 16, 2021 | Current AffairsVAT
HMRC’s domestic reverse charge for the construction industry comes into force in less than a fortnight.The charge affects VAT-registered businesses and individuals who supply or receive certain services that are reported within the construction industry scheme from 1...
Feb 15, 2021 | Current Affairs
The UK economy shrank by almost 10% in 2020 as a result of the COVID-19 pandemic, the Office for National Statistics (ONS) has announced.According to the latest figures, UK GDP contracted by 9.9% in 2020 - the largest annual fall on record.In December 2020, the...
