New Tax Checks for Taxi Drivers & Scrap Metal Dealers

From April 2022 HMRC are introducing new tax checks for taxi drivers and scrap metal dealers. HMRC believes that there is a substantial amount of tax avoidance in both of these sectors, through many traders not being registered as businesses for tax purposes. To clamp down on this suspected tax avoidance, HMRC have set out […]

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VAT Rate Set To Increase for Hospitality Businesses

In response to the coronavirus pandemic, the government introduced a temporary 5% reduced rate of VAT for certain supplies relating to hospitality, hotel and holiday accommodation and admission to certain attractions. From 1st October 2021 this VAT rate will be increasing to 12.5%, which will remain in place until 31st March 2022, at which point the VAT […]

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