If you are struggling to access external funding, have concerns about your ability to recommence trading once the lockdown ends Heather Bamforth has some useful advice.
Are you looking for support with your payroll and VAT returns? Here are 10 reasons why outsourcing your finance function could be a good option for your business in 2021.
From 1st January 2021, all VAT registered businesses that import goods into the UK from anywhere in the world have been able to use postponed VAT Accounting. This provides the option to account for the VAT charge and recovery on the same VAT return, and even applies if your business was already importing goods into the UK.
In a significant victory for one Caravan Park Group, BHHPA member, Armstrong Watson, has been given HMRC’s agreement to a new form of valuation and VAT treatment for removable contents sold as parts of caravans and lodges, which could lead to substantial reimbursements for other holiday park businesses.
In the lead-up to Rishi Sunak’s Spring Budget on 3 March, there was intense speculation as to whether he would announce tax-raising measures to start paying for the cost of the pandemic. While most of the announcements were to assist businesses and individuals still impacted by Covid-19 he set out the following changes to raise revenue in a bid to get the country back on track.
Rishi Sunak, the Chancellor of the Exchequer, unveiled his Spring Budget in the House of Commons last week, with an extension to the furlough scheme and social investment tax relief amongst the biggest announcements affecting charities and voluntary organisations.