Changes to VAT penalties and interest from 01 January 2023

Government launches small business micro loan scheme On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.The Bounce Back Loan Scheme allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with…

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New VAT penalty regime and other VAT news

Government launches small business micro loan scheme On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.The Bounce Back Loan Scheme allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with…

1.25% increase to NIC and dividend tax rates 

Government launches small business micro loan scheme On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.The Bounce Back Loan Scheme allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with…

Budget 2021

Government launches small business micro loan scheme On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.The Bounce Back Loan Scheme allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with…

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Update on Government schemes in response to COVID-19

Government launches small business micro loan scheme On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.The Bounce Back Loan Scheme allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with…

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COVID-19 Government schemes to help

Government launches small business micro loan scheme On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.The Bounce Back Loan Scheme allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with…

Dividend 2017/18 and 2018/19

Government launches small business micro loan scheme On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.The Bounce Back Loan Scheme allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with…

Autumn Budget 2017

Government launches small business micro loan scheme On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.The Bounce Back Loan Scheme allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with…

Changes to flat-rate VAT in more detail with examples

Government launches small business micro loan scheme On 4 May 2020 the government launched a micro loan scheme for small businesses as it continues to try and mitigate the economic damage caused by the coronavirus (COVID-19) lockdown.The Bounce Back Loan Scheme allows small businesses adversely affected by COVID-19 to apply for up to £50,000, with…