Bookkeeping is interesting, challenging and rewarding. A bookkeeper has responsibility for all accounting functions from sales invoicing through to management accounts and VAT returns and is therefore fully involved with the finance function of a bu…
Self Assessment tax returns were due to be filed by 31 January 2021 but with less than a week to go to the deadline HMRC decided to extend the deadline for submission to 28 February 2021 without penalty.
When you first become VAT registered you can choose which VAT scheme to use when reporting VAT. Whilst you can change this at a later date HMRC would not want you to keep changing from one scheme to another.
From April 2023 individuals who submit a tax return to declare income outside of employed earnings will have to submit their accounts digitally to HMRC on a quarterly basis.
In November 2020 the Chancellor announced the new rates for the National Minimum Wage which will take effect from April 2021.
