Welcome to Nicklin Blog

HMRC urges businesses to act ahead of end of transition period to “avoid disruption”

November, 2020, Blog, Business, Economy, Exports, Family Businesses, HMRC, SME, SMEs, SMEs / Business, Tax, VAT

HM Revenue & Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to “act now” ahead of the end of the Brexit transition period.

Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed

October, 2020, Accountancy, Accounting, Blog, HMRC, Self Assessment, Self employed & self assessment, self-employed, Tax, Tax Blog, Time to pay, VAT

From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs… Read more…

HMRC: Making Tax Digital to be extended to all VAT-registered businesses from 2022

August, 2020, Blog, Business, Family Businesses, HMRC, Making Tax Digital, MTD, SME, SMEs, SMEs / Business, Tax, Tax Blog, Tax News, VAT

HM Revenue & Customs (HMRC) has confirmed that Making Tax Digital (MTD) will be extended to all VAT-registered businesses from April 2022.

Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms

July, 2020, Blog, Business, Covid-19, Covid-19 Economy, Covid-19 Self Employed, Economy, HMRC, Income Tax, Personal Tax, Self Assessment, Self employed & self assessment, self-employed, Tax, VAT

Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed.

IR35: Off-payroll working rules to go ahead in April 2021

July, 2020, Blog, Business, Economy, Employees, HMRC, Income Tax, SME, SMEs, SMEs / Business, Tax, VAT

Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed.

COVID-19: The key dates for your tax diary

July, 2020, Accountancy, Accounting, Blog, Business, Covid-19, Covid-19 - Grants, Covid-19 Economy, Covid-19 Job Retention Scheme & Furloughing, Covid-19 Loans, Covid-19 Personal taxes and finances, Covid-19 Self Employed, COVID-19 Updates, Covid-19 VAT and MTD, covid-19-update, Economy, Employment, Employment and payroll, Family Businesses, Government Funding, Grants and Deferrals, HMRC, SME, SMEs, SMEs / Business, Tax, VAT, VAT deferral

There are a number of Government support measures to help businesses through the coronavirus pandemic, as well as various business tax obligations being deferred. However, it can be difficult to… Read more…

Can I save money by leasing a car through my company?

June, 2020, Blog, Business, Corporate Tax, Corporation Tax, Family Businesses, HMRC, SME, SMEs, SMEs / Business, Tax, VAT

Is it cheaper to lease a car through a limited company? It’s a question we’re often asked, but the answer isn’t quite so straightforward.

VAT reverse charge for the construction industry postponed until March 2021

June, 2020, Blog, Business, Covid-19, HMRC, Manufacturing, SME, SMEs, SMEs / Business, Tax, VAT

The Government has officially announced that the introduction of the domestic VAT reverse charge for the construction industry has been delayed until 1 March 2021 because of the impact of… Read more…