News

On 15 February 2021, HMRC announced in a new policy paper briefing titled ‘Supporting organisations to comply with changes to the off-payroll working rules (IR35)’, that there will be a 12-month waiver for IR35 penalties.

ICS Accounting is dedicated to supporting you through thick and thin. To ensure you are fully up to date with the financial impact of coronavirus, we have set out a summary below of the government’s current support options for you and/or your business.

In July, the Chancellor Rishi Sunak announced a stamp duty ‘holiday’ on the first £500,000 of all property sales in England and Northern Ireland, to run until 31 March 2021. The property market has reacted very positivley to the announcement and there looks to be no let-up in sight!

The new measure relating to the reverse charge of VAT for building and construction services will come into effect on 1 March 2021.