Tax and business calendar
FSB: Govt. must extend business rates relief to 2022
The organisation is urging for the threshold to be changed.Firms get more time to repay bounce-back loans
Repayments can be spread over ten years, rather than six.COVID-19 business lending passes £71bn
Around 1.4m firms have accessed BBLs since May 2020.1.8 million taxpayers still to file self-assessment returns
Over 10.7 million people submitted their 2019/20 return by the deadline.Get ready for the VAT reverse charge
New rules set to take effect for construction from 1 March 2021.Spring Budget 2021: what will it include?
Will Chancellor Rishi Sunak raise taxes or maintain the status quo?CBI calls for post-lockdown roadmap
The business group identified six elements to help firms prepare.Govt. announces £1,000 cash boost to help firms take on trainees
The cash boost will be made available from 31 July 2021.Extend furlough scheme to summer, warns BCC
Around four million UK workers were furloughed at the end of December.Over 900,000 UK firms ‘at risk of failing by April’
Around 15% of businesses are at “great risk” of imminent closure
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Current news
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%.
VAT registration helpline set to close
HMRC will prioritise registration applications.