Latest News from Royston Parkin

January is the month that taxpayers registered for self-assessment need to pay their taxes. Usually, this amounts to any underpayment for the previous tax year

There is a major advantage to recording business transactions digitally; once the basic data has been entered it can be interrogated and represented in endless

We have prepared the following lists from information published on the GOV.UK website. It sets out which businesses are required to close, and which can

Readers who have not yet filed their 2019-20 self-assessment tax return for 2019-20 have less than one month to do so. The online filing deadline

The turning of the old year into the potential for the new year has usually generated the Happy New Year salutation. And indeed, we do

From the beginning of this month the Brexit transition period has ended. Negotiations to secure a trade agreement between the UK and the EU from

1 January 2021 – Due date for Corporation Tax due for the year ended 31 March 2020. 19 January 2021 – PAYE and NIC deductions

The end of the calendar year is a popular accounting date for many businesses, but for those of us with a year-end accounting date of

In just three short months the present tax year – 2020-21 – will end midnight, 5th April 2021. The UK’s tax code is predominantly time

We already have more than our fair share of adversity to deal with at present, don’t let criminals add to your woes by defrauding you

UK taxpayers that file a tax return will need to pay a variety of self-assessment tax and NIC liabilities that will fall due at the

For a man that has admitted he has concerns about the level of government funding committed to the support of businesses during the last nine

If the following criteria apply, this is what our government recommend that you do from 1 January 2021: You: Are British Live and work in

From 1 January 2021, if your business is registered for VAT in the UK, you will need to consider how to treat VAT added to

The following update is copied from a government press release recently issued by the Department for Business, Energy & Industrial Strategy. New proposed measures to

To answer this question, we should take a look at a few adjectives that have been used to describe COVID-19’s effects on our personal and

A summary of the business elements of the recent Spending Review for next year are set out below: Continuing the UK’s recovery from coronavirus The

1 December 2020 – Due date for Corporation Tax payable for the year ended 28 February 2020. 19 December 2020 – PAYE and NIC deductions

Most smaller businesses will not have the resources to train and employ their own customs clearance staff in which case you may have to consider

A reminder that It is possible to make small tax-free payments to employees, including directors, and this might be an appropriate time to make a

If you have still not submitted all of the information we need to complete your 2019-20 tax return, could we ask you to respond as

Most employers who are eligible will be aware that the furlough scheme (the Coronavirus Job Retention Scheme) has been extended for five months – from

The Chancellor, Rishi Sunak, confirmed a small increase in the National Living Wage rates from April 2021. Employers will need to diarise these increases otherwise

When we awake to the new year we will no longer be in transition; we will be out of the EU and will have to

If you are making claims under the extended furlough scheme from 1 November 2020 you need to be aware of changes in the claims process.

Two quarterly grants have been paid to UK self-employed traders that qualify for the Self- Employed Income Support Scheme (SEISS). These covered the periods up

We have reproduced below a list of businesses which must close during the period 5 November to 2 December 2020. Business based in England and

What to do if you are placed in a financial position where you do not have sufficient income to meet your monthly outgoings and you

Readers who may have inadvertently over-claimed grants, the furlough scheme for example, should remedy the situation before HMRC start pro-actively investigating claims. The Finance Act

New proposals have been outlined by government to ensure small businesses in the UK are paid on time. Currently £23.4 billion worth of late invoices

1 October 2020 – Due date for Corporation Tax due for the year ended 31 December 2019. 19 October 2020 – PAYE and NIC deductions

Consumers and small businesses will benefit from better deals and savings through innovative services, thanks to new Smart Data laws proposed by government. Smart Data

In a press release issued 10 September 2020, the Department for Health and Social Care has reminded affected businesses that they have a legal obligation