Financial eNews

New trade arrangements with the EU from 1 January 2021

HMRC has sent letters to VAT-registered businesses in Great Britain trading with the EU, or the EU and the rest of the world.

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The VAT reverse charge

HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.

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VAT deferral and enhanced Time to Pay for self assessment

As part of the Winter Economy Plan the government has announced options for deferred VAT and income tax self assessment payments.

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Winter Economy Plan support for the self-employed

As part of the Winter Economy Plan the Self-Employment Income Support Scheme (SEISS) will be extended under the name SEISS Grant Extension.

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 September 2020.

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Eat Out to Help Out - over 64 million meals

The government has announced that more than 64 million meals were enjoyed by diners across the country during the government's Eat Out to Help Out discount scheme.

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