Covid-19 & VAT Deferral

Covid-19 & VAT Deferral

On Friday 20th March, the Government announced help for VAT registered businesses. We detail below what that help means. UK based businesses who are VAT registered will now be able to defer their VAT payments that would be due within the period 20th March 2020 to 30th...
Covid-19 – For Self Employed

Covid-19 – For Self Employed

Last night, 26th March, the Chancellor addressed the remaining issue of helping the self-employed who have been unable to work due to Covid-19 or have lost work due to that virus. We summarise below those businesses that are eligible for this additional relief and how...
Covid-19 Help For Businesses

Covid-19 Help For Businesses

On Friday, 20th March, the Chancellor announced unprecedented levels of support for the British economy. The measures announced provided much need relief to employers, employees and businesses, we details those below. However, a big omission was the self-employed,...
Business Type: Limited Liability Partnership

Business Type: Limited Liability Partnership

Everything that we have said about Partnerships in the preceding post applies equally to Limited Liability Partnerships (LLPs). The LLP came into existence a few years ago following pressure from the legal and accountancy professions. The problem with standard...
Business Type: Limited Company

Business Type: Limited Company

Limited companies have been around for several centuries and were typically used to fund new ventures such as overseas colonisation / exploitation. The rules governing companies were fairly loose compared to today’s regulations and after several court cases in...
Business Type: Partnership

Business Type: Partnership

Second only to sole traders / proprietors, partnerships have been around for centuries and in 1890, the Government passed the Partnership Act 1890. For our purposes, we need to look at Section 1 which defines a partnership as “the relation which subsists between...