VAT on e-books and online newspapers, magazines and journals will be abolished from 01 December 2020, it has been revealed.
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs has now confirmed that businesses should cancel direct debits for VAT if they want to utilise the deferment offer.
Businesses unable to file with Companies House as a result of the coronavirus outbreak should urgently ask for an extension, it has been announced.
The Government has announced it is postponing the controversial reforms to the off-payroll rules, known as IR35, until 2021 in a bid to lift some of the pressure on businesses and individuals during the Coronavirus crisis.
While the world is in the grip of the coronavirus pandemic, for many businesses, the only way they can continue to work, communicate with employees and find out what is happening is via digital means.