Digital marketplaces to report sellers’ incomes from 2023

Digital marketplaces to report sellers' incomes from 2023 HMRC has published a consultation that outlines plans to implement reporting rules for digital platforms first put forward by the Organisation for Economic Co-operation and Development (OECD). In February 2020, the OECD consulted on proposed rules setting out how digital platforms should collect information about the income

CIOT warns over stamp duty refund claims

CIOT warns over stamp duty refund claims The CIOT has warned that some claims being made by firms offering help with Stamp Duty Land Tax (SDLT) refunds are too good to be true. The CIOT says an increasing number of firms are contacting buyers of properties after completion of a purchase, suggesting that SDLT has

HMRC urges taxpayers to stay alert to digital scams

HMRC urges taxpayers to stay alert to digital scams Research published by HMRC revealed that the number of tax-related scams has doubled in the past 12 months. In the past year HMRC has received more than one million referrals from the UK public in regard to suspicious contact, with many fraudsters offering 'tax refunds' or

BCC calls for government to extend skills training

BCC calls for government to extend skills training The BCC has urged the government to extend skills training in light of the publication of research which showed that one in five companies are considering making redundancies as a result of the coronavirus (COVID-19) pandemic. The BCC has stressed concerns that older workers could go unutilised

Investments and Financial Latest News

Planning Financially for the years ahead Securing finance is one of the biggest challenges that many companies in the IT sector face. Innovation requires capital, but this can bring problems when not managed effectively. To ensure that you maintain control of your business when raising finance, we manage the interactions and contracts with potential investors,

Making Tax Digital extended to April 2022

Making Tax Digital extended to April 2022 The revised final start date for MTD to April 2022 has given many SME's more time to prepare - however with working from home and lockdown the planning for this important event has not been easy. Our KKVMS specialists will help you be ahead of the date, as

Accounting sector playing a Critical role on the Global economic recovery

Accounting sector playing a Critical role on the Global economic recovery - Xero accounting report reveals. According to new research from Xero, 51% of firms are growing their customer base at a faster, or a similar pace to pre-pandemic levels. KKVMS have been an approved Xero Partner since the inception of the client based accounting

Check if you can claim a grant through the Self-Employment Income Support Scheme

Support for businesses and self-employed people during coronavirus. Claim the fifth grant if you think that your business profit will be impacted by coronavirus (COVID-19) between 1 May 2021 and 30 September 2021. You’ll need to confirm that you meet other eligibility criteria when you make your claim. You should make your claim on or after the

Work out your turnover so you can claim the fifth SEISS grant

Support for businesses and self-employed people during coronavirus. Before you claim You must: Work out your April 2020 to April 2021 turnover. Find your turnover from either 2019 to 2020 or 2018 to 2019 to use as a reference year. You’ll need to have both figures ready when you make your claim. How to work

Treasury Direction made by the Chancellor under Section 76 of the Coronavirus Act 2020

Support for businesses and self-employed people during coronavirus. Documents Correction Further Treasury Direction made under Section 76 of the Coronavirus Act 2020 PDF, 557KB, 2 pages This file may not be suitable for users of assistive technology. Request an accessible format. Correction Further Treasury Direction made under Section 76 of the Coronavirus Act 2020 HTML Further Treasury

COVID-19 loan schemes: privacy notice

Support for businesses and self-employed people during coronavirus. This notice is for people who have dealings with the Department for Business, Energy and Industrial Strategy (BEIS) in connection with a financial product provided under the COVID-19 loan schemes. From: Department for Business, Energy & Industrial Strategy Published 3 March 2021 Last updated 29 July 2021

Paying VAT deferred due to Coronavirus

Find out how to pay VAT payments deferred between 20 March and 30 June 2020. You should contact HMRC if you deferred VAT payments due between 20 March 2020 and 30 June 2020 and were unable to either: pay in full by 31 March 2021 join the online payment scheme by 21 June 2021 You