If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can pay the deferred VAT in full on or before 31 March 2021; opt into the VAT deferral new payment scheme when it launches in 2021 or contact HMRC if you need more help to pay
The government’s plan for managing COVID-19 through the end of 2020 and into the start of 2021 was released 23 November.
A joint statement on UK-wide Christmas arrangements from the UK Government and Devolved Administrations has been published outlining UK wide arrangements for Christmas.
In his recent spending review Rishi Sunak said the “economic emergency” caused by Covid-19 has only just begun, as he warned the virus would mean lasting damage to growth and jobs. Official forecasts now predict the biggest economic decline in 300 years.
The Office for National Statistics has announced its latest experimental data on the economy which shows nearly half (48%) of currently trading businesses reported that their turnover had decreased below what is normally expected for this time of year. This is not a surprise given the Pandemic.
The government guidance explains how employers and businesses can support NHS Test and Trace and play their part to slow the spread of the virus, protect the health and the care system.
On 5 November the Chancellor announced increased financial support and made policy announcements summarised in this article, full details can be found on the economic support factsheet.
The Government has issued Information on the new national restrictions, including what they mean for working from home and business closures and the financial support available.
We are excited to introduce you to our new financial management service, DPC Financial Management (DPC FM). Created in association with IronMarket, a trusted partner of DPC, our comprehensive financial management service gives you a clear and detailed insight into your business, and your personal finances; which will enable you to make proactive decisions that enhance your overall financial wellbeing.
Approximately 11 million self-assessment taxpayers will be able to benefit from a separate additional 12-month extension from HMRC on the “Time to Pay” self-service facility, meaning payments deferred from July 2020, and those due in January 2021, will now not need to be paid until January 2022.
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