Adapting to the new rules for trading with the EU can be daunting but HMRC are taking on feedback and issuing further guidance on those areas tax payers are needing more help with. Accounting for import VAT on your VAT return (also called Postponed VAT Accounting) means you’ll account for and recover import VAT on… Continue reading Accounting for import VAT on your VAT return – Postponed VAT Accounting
Month: April 2021
SEISS Grant Four – Applications Opening Soon
SEISS Grant Four applications will be opening soon, with those eligible receiving contact from HMRC with the date they can claim, starting from 22nd to 29th April Who can claim To be eligible for the fourth grant you must be a self-employed individual or a member of a partnership. You cannot claim the grant if… Continue reading SEISS Grant Four – Applications Opening Soon
Restart Grants Now Available for Eligible Businesses
Restart Grants were announced by Chancellor Rishi Sunak in his budget last month – a one off cash grant of up to £18,000 for hospitality, accommodation, leisure, personal care and gym businesses in England. The Restart Grant scheme supports businesses in reopening safely as COVID-19 restrictions are lifted. Grants are available from 1 April 2021. Eligible… Continue reading Restart Grants Now Available for Eligible Businesses