Insights

24 March 2020

Coronavirus - suspension of VAT payments until 30 June

HMRC is urgently working through the details of the Chancellors announcement on Friday (20th March) that no VAT needs to be paid until 30 June 2020.

20 March 2020

Coronavirus - new package of financial measures announced

This afternoon (Friday 20 March 2020), Prime Minister Boris Johnson provided clarity around measures designed to slow the spread of coronavirus. He was joined by Chancellor Rishi Sunak who announced an unprecedented package of financial measures to ease the economic impact of coronavirus in the UK.

11 March 2020

Corporate Tax

UK Budget 2020 - Corporation Tax

It was widely expected that the headline corporate tax rate would be held at 19%, rather than reduced to 17% as previously legislated and the Chancellor followed through with this in order to fund a number of measures in what can very much be seen as a public spending Budget.

09 March 2020

UK Budget predictions 2020 - Employment Taxes

Despite the controversy and confusion and pre-election promises of a review it looks certain that IR35 will be implemented as planned on April 6. The recent consultation has closed, and the government are pressing ahead. However, there still remains a strong call for Rishi Sunak to halt the process, with demonstrations taking place outside Westminster and commentators lambasting the plans but this seems certain to be ignored.

Laura Ritchie

Tax Senior Manager

03 March 2020

Corporate Tax

Return deadline approaching for Annual Tax on Enveloped Dwellings

If you’re due to submit an Annual Tax on Enveloped Dwellings (ATED) return, then now is the time to speak to your trusted business adviser at Johnston Carmichael and prepare your return.

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