Some help for the self employed 20 March 2020

Measures announced today 20 March 2020 that go some way to helping the self employed, its still not enough but its a start

The July 2020 tax payment had been delayed to 31 January 2021, it means that any tax savings you can use to help see you through in the short term and my personal view is still, do what you have to know and don’t worry about January 2021 today.

Universal Tax credits extended which would give the equivalent of statutory sick pay

If you are VAT registered than the next quarters VAT due is being deferred and has to be paid by the end of the financial year 31 March 2021

I haven’t seen any mention of delaying corporation tax yet but as each week passes there will be more to report

 

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