VAT Deferral Payment Scheme If you deferred your VAT payments due between 20 March 2020 and 30 June 2020 you can pay now or join the VAT deferral new payment scheme. You have the following options:...
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Wheelers Words: Construction Industry VAT reverse charge – Applicable to those that work in the Construction Industry
After several delays HMRC have now confirmed that the CIS VAT reverse charge will come into force on 1st March 2021, nearly 18 months after its original start date. This new legislation effects VAT...
Wheelers Words: Support Update
Coronavirus Job Retention Scheme (CJRS) Childcare Since our last briefing the country has gone into national lockdown and the majority of children are being home schooled. This has caused parents to...
Wheelers Words: Brexit Update (updated from December)
The deal which was struck between the United Kingdom and the European Union just prior to the end of 2020 has made a few changes to the release we sent out in December. We have set this out in a...
Wheelers Words: Wheelers Office Update
Following the Government announcement yesterday evening we have decided again that we will close our office reception to visitors. We do have a letter box for small deliveries, and these will be...
Wheelers Words: Coronavirus Job Retention Scheme update + Budget News
Furlough Scheme It was announced yesterday, that HMRC have extended the Coronavirus Job Retention Scheme for one further month until 30 April 2021. They have confirmed that the eligibility criteria...
Wheelers Words: Preparing for the end of the Brexit transitional period
Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this prompted the start of an 11-month transitional period during which time the UK remains part of the Single...
Wheelers Words: VAT Deferral New Payment Scheme
If your business deferred VAT due from 20 March to 30 June 2020 and still has payments to make, you now have the option to pay in full on or before 31 March 2021 or opt in to the VAT...
Wheelers Words: Self Employment Income Support Scheme (SEISS) – Third Grant
HMRC have extended the Self-Employment Income Support Scheme (SEISS) scheme so that eligible individuals are able to claim a third grant from 30 November 2020 relating to the period 1 November 2020...