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Chancellor Kwasi Kwarteng announces his ‘mini-budget’ with major tax cuts
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Self-Employment Income Support Scheme (SEISS) fourth grant – Applications must be made by 1 June
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New Stamp Duty rates for non-UK residents
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Highlights of 2021 Spring Budget announced by Chancellor of the Exchequer Rishi Sunak
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Make a Time to Pay arrangement or pay tax by 1st April to avoid Self Assessment Late Payment Penalties
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New rules for business travellers, cash declarations and on social security following UK’s exit from Europe.
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No late filing penalty for Self Assessment 2019-20 tax return filed until 28th February.
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Are you affected by coronavirus ‘reasonable excuses’ to meet Self Assessment deadline 31 Jan?
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New lockdown grants to support retail, hospitality and leisure businesses worth up to £9,000 per property
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NHS & Healthcare workers tax refunds – Claim tax relief for your job expenses now.
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Self-Employment Income Support Scheme (SEISS) third grant up to £7500: Applications now open
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Spending Review 2020 – National Living Wage will increase & NHS Doctors and nurses will get a pay rise.
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The Treasury’s IR35 review has finally been published. Contractors hoping for a delay to the rules will be disappointed, as the document confirms off-payroll changes will go ahead on 6 April 2020 – with some (small) concessions.
The IR35 review confirms the government will implement the change as planned on 6 April. But there are some small concessions for contractors and their clients including:
- a “softer approach” to compliance in the first year of reform, where no penalties will be due for inaccuracies, unless HMRC suspects deliberate non-compliance
- more “signposting” to HMRC’s guidance, “as well as explaining the changes through webinars, letters, workshops and other material”
- an update to the legislation to clarify the time limits for the “client-led status disagreement process” as well more guidance “to make the appropriate use of this process clearer”
Why was there an IR35 review in the first place?
The upcoming rule change means medium and larger-sized businesses will be responsible for determining a contractor’s tax status, rather than the contractor themselves.
But the self-employed fear it’ll harm their flexibility, for example if big businesses make ‘blanket assessments’ of contractors to minimise risk. HMRC also doesn’t have a strong record of interpreting its own rules.
James Jose
23. January, 2021.
Very pleased by Maatmann, very friendly, amazing service at great price.
Herve Rolland
19. October, 2020.
Maatmann is a very ethical and supportive accounting firm ideal for small businesses. They have provided me with great accounting and tax advice as well as being very responsive when I had questions. I would recommend them to any small businesses.
Joseph Mathew
14. October, 2020.
I am very pleased by Maatmann Accountants. They offer amazing service at a great price. They are very friendly and will explain small business accounting questions step by step to make sure your business is going in the right direction. I am very happy that I found their office. They saved me not only money, but time. A place to get things accounted. Thank you, again for the excellent service.
Thomas Mathew
13. October, 2020.
Maatmann Accountants are very good they Keep My accounting records of my company prepare Company Tax Return to work out how much CT to pay they sort my self assessment on time , Best part is that you don’t have to go to there office every thing is online, I received prompt service from them, I Recommend them for your Tax related Jobs .
Aloysius Mathew
7. October, 2020.
Maatmann Accountants have been providing exceptional services for all my account work since last few years. They have been managing my personal assessment and maintaining my business accounts. prompt, reliable, quick response to my queries. I recommend them to anyone who wants help with accounting and tax. great experience!
