ÀÏ˾»úÎçÒ¹¸£Àû

Tax News

HMRC announces Brexit support fund for SMEs is now open

Published on: 16 March 2021
Published by a

Specialist Tax Regulatory Materials

news-detailpage-img

Article summary

HM Revenue and Customs (HMRC) has announced that the Brexit support fund for small and medium sized enterprises (SMEs) is now open for applications. SMEs can apply for a grant of up to £2,000 to support them while adapting to new rules on trading with the EU. Any UK business with fewer than 500 employees that imports or exports goods between Great Britain and the EU, or moves goods between Great Britain and Northern Ireland, is encouraged to apply. Applications must be submitted by 30 June 2021.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Popular Articles

Carried-forward losses restriction

Carried-forward losses restrictionOverview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act 2017. Subject to a de minimis of £5m (known as the deductions allowance), most carried-forward losses are restricted to

14 Jul 2020 11:09 | Produced by Tolley Read more Read more

Payments on account (POA)

Payments on account (POA)This guidance note provides and overview of the payments on account regime (POA). More in depth commentary can be found in De Voil Indirect Tax Service V5.110.What are payments on account?VAT registered businesses with an annual VAT liability of more than £2.3m are required

14 Jul 2020 12:52 | Produced by Tolley Read more Read more

Interest and penalties on late paid tax under self assessment

Interest and penalties on late paid tax under self assessmentInterestIf the capital gains tax, the balancing payment or payments on account of tax and / or Class 4 national insurance contributions (NIC) are paid late, HMRC will charge interest on the amount overdue from the original due date. The

14 Jul 2020 12:00 | Produced by Tolley Read more Read more