IR35: What the new rules mean for businesses and payroll

What is IR35? IR35 is a method HMRC have put in place to determine whether any intermediaries providing services to other businesses are paying a broadly the same amount of tax & NI that they would if they were an employee. An intermediary, sometimes known as a...

Payrolling Benefits 2021/2022

What is payrolling benefits? Payrolling benefits is the process that allows an employee to pay tax on a month-by-month basis through the salary they earn in the tax year that they received the benefit.  Previously, we would have needed to fill out all the...

Deferred VAT payment – New online deferral Scheme

Join the scheme before 21 June 2021. If your business was affected by Coronavirus in 2020, HMRC gave the option for VAT payments to be deferred. VAT payment deferrals apply to payments that were due between 20 Mar 2020 and 30 June 2020.  These payments were due...

Domestic Reverse Charge VAT

Domestic Reverse Charge VAT Effective from 1st March 2021  Are you ready? Domestic reverse charge VAT (DRC) is a legislation changing the way CIS registered construction businesses handle and pay VAT. This new VAT legislation affects VAT registered Construction...