Business news
Furlough numbers increase in January
4.7 million people furloughed on 31 January 2021.HMRC launches VAT deferral new payment scheme
Firms can pay equal consecutive monthly instalments from March 2021.Sunak expected to extend stamp duty holiday
The threshold has been temporarily increased to £500,000.HMRC waives 5% late payment penalty
Payments should be made by 1 April 2021 to avoid fine.Treasury delays business rates review
Report pushed back due to pandemic uncertainty.HMRC confirms 12-month ‘soft landing’ for IR35
New reforms to go ahead as planned on 6 April.IFS: Sunak should look to the Budget to secure recovery
The Budget will be delivered on 3 March 2021.Stamp duty deadline threatens transactions
Stamp duty holiday is due to end on 31 March 2021.Setting and reviewing employee pay
Determining your employees’ pay rates for 2021/22.IPPR: 600,000 firms could collapse without further support
Up to nine million jobs may be affected without an extension.
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Current news
Late payment interest rate rises to 7%
Interest has doubled since May 2022.
HMRC plans to simplify construction industry scheme
The scheme may be causing “unnecessary” administrative burdens.
One in five taxpayers will pay higher tax rate
Threshold freezes could see 7.8 million pay 40%.