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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
HMRC waives 5% late payment penalty
Payments should be made by 1 April 2021 to avoid fine.Treasury delays business rates review
Report pushed back due to pandemic uncertainty.HMRC confirms 12-month ‘soft landing’ for IR35
New reforms to go ahead as planned on 6 April.IFS: Sunak should look to the Budget to secure recovery
The Budget will be delivered on 3 March 2021.Stamp duty deadline threatens transactions
Stamp duty holiday is due to end on 31 March 2021.Setting and reviewing employee pay
Determining your employees’ pay rates for 2021/22.IPPR: 600,000 firms could collapse without further support
Up to nine million jobs may be affected without an extension.VAT reverse charge reminder
The charge comes into effect from 1 March 2021.Record annual slump for UK economy in 2020
COVID-19 prompts UK GDP to fall by 9.9%.Govt. unveils £20m SME Brexit support fund
The grants are worth up to £2,000.
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