You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Oxford 01865 559900 | Abingdon 01235 548700 | Cirencester 01285 659778
This calculator has been prepared for illustrative purposes only based on our interpretation of the guidance released by HMRC as at 8 April 2020. HMRC are updating their guidance regularly and we recommend referring to their website.
HMRC have contacted us to confirm that the portal will open on 20th April 2020.
For Income Tax Self-Assessment, payments due on the 31 July 2020 may be deferred until 31 January 2021.
This scheme will allow eligible individuals to claim a taxable grant worth 80% of trading profits up to a maximum of £2,500 per month for the next 3 months.
As previously reported, any VAT falling due for payment between 20th March and 30th June can be deferred to 31st March 2021.
For businesses in the retail, leisure and hospitality sector no business rates will be payable for 2020/21.
A survey carried out by the Federation of Small Businesses (FSB) has found that confidence amongst small firms has been in negative territory since July 2018.
27 Oct 2020
Why not register to receive our Monthly Newswire?
Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.
Learn More »