by Pi Accountancy | Jul 9, 2021 | HMRC, PAYE, Self Assessment, Tax, VAT
From 15 June 2021, all businesses and organisations will need multi-factor authentication in order to sign into the Government Gateway. Multi-factor authentication Businesses and organisations that use HMRC’s online services and which do not currently receive an... 
by Pi Accountancy | May 22, 2021 | Business, HMRC, PAYE, Self Assessment, Tax, VAT
Business records if you’re self-employed You must keep your records for at least 5 years after the 31 January submission deadline of the relevant tax year. HM Revenue and Customs (HMRC) may check your records to make sure you’re paying the right amount of tax.... 
by Pi Accountancy | May 12, 2021 | Business, COVID-19, HMRC, Self-employed, Tax, VAT
As more people are now working from home, the desire for a designated workspace has become a priority for many. The past year has forced many workers to fill up the dining table and any other flat surface available with monitors, computers, laptops, cables, Wi-Fi... 
by Pi Accountancy | Apr 8, 2021 | HMRC, MTD, Tax, VAT
Corporation tax increase from April 2023 The main rate of corporation tax is due to increase to 25% for the financial year 2023, starting on 1 April 2023. However, companies with profits of £50,000 or less will continue to pay corporation tax at the current rate of... 
by Admin | Nov 3, 2020 | HMRC, Self Assessment, VAT
More time to pay your tax bills In his Winter Economy Plan, the Chancellor, Rishi Sunak, unveiled measures which will allow self-assessment taxpayers and VAT-registered businesses more time to pay back deferred tax. New Payment Plan for VAT At the start of the... 
by Admin | Nov 3, 2020 | VAT
Postponed VAT accounting Postponed VAT accounting is being introduced from 1 January 2021. This will affect you if you are VAT-registered and you import goods into the UK, particularly if you are a smaller business and you do not currently use the Duty Deferment... 