HM Revenue & Customs has extended the 2019-2020 tax self-assessment deadline by a month, until 28 February to further support businesses and individuals facing difficulties as a result of the pandemic. The official deadline for completing a self-assessment tax return remains Sunday 31 January, after which a £100 late filing penalty would be automatically imposed. […]… Continue Reading

This week (19 January) the government has announced ‘an overhaul of the Prompt Payment Code (PPC) to crack down on delayed invoices owed to small businesses. Under new reforms, companies that have signed up to the Prompt Payment Code will be obliged to pay small businesses within 30 days – half the time outlined in […]… Continue Reading