A business plan is an essential document for any new business. It is the route map of how an idea manifests itself into a viable business. It is also an essential document if you need to raise finance for your business.
On 23 September 2020, the Chancellor announced that self-employed individuals and members of partnerships who are eligible for the SEISS, and who are actively continuing to trade but are experiencing reduced demand due to Covid-19, will be eligible for a further SEISS grant to provide support over the winter months.
HMRC have recently updated guidance on changes to VAT on early termination fees and compensation payments. Anyone who charges customers to withdraw from agreements to supply goods or services.
Currently, if you make a tax payment to HMRC you are only charged a fee if paying using a business credit card. Payments by personal credit cards are not permitted.
In order to help investors access to cash during the pandemic, the Government has reduced the withdrawal charge from 25% to 20%. This is temporary and applies from 6th March 2020 to 5th April 2021 and the investor can withdraw all funds if required.
Tax – Tax has a long history in the UK, going back to the 13th century. Income tax was the first tax levied on people’s earnings in 1799.
The Eat Out to Help Out scheme starts from 3rd August with a view to revive the struggling leisure and hospitality industry amid covid-19.
You’ve probably heard of the company car and some its associated tax issues. However, you may not have of a car allowance.
