by Simon Baxter | Mar 4, 2021 | Business Updates
Driving License style penalty points for late filing of taxes by the self employed HMRC will be scrapping their system of fixed penalties and replacing with a points system. It will apply to 12 million people who file annual tax returns and small businesses who file...
by Simon Baxter | Jan 26, 2021 | Business Updates
Tax filing deadline extended It was announced by HMRC on Monday that they have effectively extended the 31st January deadline for filing a 2019-20 tax return until 28th February. They stated that they will not charge the automatic £100 penalty for the late filing,...
by Simon Baxter | Jan 14, 2021 | Business Updates
Selling low values parcels into Europe Do you sell low value items into Europe? Are you a so-called distance seller? Under the new UK and EU simplification rules, there will be an exemption for distance sellers of €150 or £135 on any consignment. This protocol saves...
by Simon Baxter | Jan 4, 2021 | Business Updates
Minimum wage up a shocking 9% from April So, an early warning – Minimum wage rates in the UK will, on first glance, increase on 1st April by around 2%. The headline rate for adults goes from £8.20 to £8.36. However, in a concurrent change, the higher National Living...
by Simon Baxter | Dec 15, 2020 | Business Updates
Tax returns and Covid Well one thing has not changed because of Covid. The deadline for online filing of your personal tax return is still 31st January 2021, just over 6 weeks away. If you still must file, my accountancy practice Baxterworld, may be able to help. We...
by Simon Baxter | Nov 4, 2020 | Business Updates
Do I need an EORI number after 31st December 2020? As if coronavirus wasn’t enough to contend with, UK businesses are now having to navigate importing and exporting through new Brexit borders. The EORI number was introduced on 1st July 2009 to trace imports and...
