Month: March 2021

Putting off completing your HMRC Self Assessment is no longer an option as the April deadline approaches

To avoid incurring the wrath of the taxman, Self Assessment taxpayers have just over a week to get their self-assessment in order to pay any outstanding tax liabilities in full. Alternatively, they can set up an online payment plan for the 2019/20 financial year to avoid incurring penalty charges, according to HM Revenue & Customs (HMRC).

Take advantage of the super-deduction from 1 April 2021

At the start of April, the Government will introduce the new super-deduction and special rate first-year allowance to help businesses invest in qualifying plant and machinery, as the nation looks to rebuild. This new capital allowance scheme will be available to companies from 1 April 2021 to 31 March 2023, offering them an incentive to…