In the Chancellor’s Budget, he has announced that the personal allowance and income tax rate bands from 6 April 2021 for the next five years will be frozen.
The VAT reverse charge for building and construction services is coming into effect so Sam answers the most frequently asked questions on this topic!
Shortly before the 31 January 2021 filing deadline for 2019-20 self-assessment tax returns, HMRC announced that the late filing penalty of £100 would not be charged to any taxpayer who submits their 2019-20 by 28 February 2021.
Receipt Bank have confirmed that they have rebranded to become Dext!
You may not have noticed them yet, but in Xero under the ‘Business’ heading, there are two relatively new Reports– ‘Short Term Cash Flow’ and ‘Business Snapshot’.