
Anna’s Accountancy Alerts – Week 3 (19th April 2021- 25th April 2021)
Budget 2021 – some notes Working from home.The temporary income tax and NI exemptions for reimbursements made by employers to employees who bought equipment they
Budget 2021 – some notes Working from home.The temporary income tax and NI exemptions for reimbursements made by employers to employees who bought equipment they
£20 million SME Brexit Support fund open for applications It is a support package to help small and medium-sized enterprises (SMEs) with changes to customs
Tax-free childcare bonus of up to £500 not being claimed Families using tax-free childcare accounts to pay for their childcare costs could receive a government
Set up self assessment payment plans Self assessment taxpayers have until 1 April to pay any outstanding tax liabilities in full or set up an online
Bounce Back Loan Repayment Terms Extended To 10 Years Pay as You Grow (PAYG) repayment flexibilities enable borrowers to tailor their repayment schedule, with the
End of tax year PAYE procedures Your year-end full payment submission (FPS) for your last payday of 2020/21 must have the last payment indicator ticked.
SME Payment Terms Slashed To 30 Days Currently, £23.4bn worth of late invoices are owed to firms across Britain, which is impacting businesses’ cash flow
Recovery Loan Scheme Budget 2021 announced a new loan scheme to be introduced to replace those coming to an end. From 6 April 2021 the
Deferred VAT HMRC’s deferral scheme allowed businesses to delay payment, interest-free, of their VAT bills due between March and 31 May 2020 until 31 March
Annual Investment Allowance (AIA) Reduction Postponed The (AIA) was to be cut from £1m to £200k on 1 January 2021 but this has been postponed by a