What are Voluntary National Insurance Contributions?

What are Voluntary National Insurance Contributions?

The government has extended the voluntary National Insurance contribution deadline of 5th April 2023 to 31st July 2023. What is a voluntary national insurance contribution? As part of transitional arrangements to the new State Pension, taxpayers have been able to make...
The New VAT Penalties Explained

The New VAT Penalties Explained

The new penalties are designed to be fairer and more proportionate for businesses who submit their VAT returns or pay their VAT late. The penalties will impact monthly returns and payments that are due by 7th March 2023.   The changes to VAT penalties and interest...
Covid-19: Advice for Businesses | Gross Klein Wood

Covid-19: Advice for Businesses | Gross Klein Wood

The government has released several measures to support businesses affected by coronavirus, these packages include: Coronavirus Retention Scheme This allows employers to claim 80% of employees wages, more information can be found here. Deferral of VAT payments If your...
Covid-19: Advice for the self-employed

Covid-19: Advice for the self-employed

Self-employment Income Support scheme (SEISS) The government has announced a Self-employment Income Support Scheme (SEISS) that will support self-employed individuals (including members of partnerships) who have lost income due to the virus. This scheme will allow you...