Author Archives: Coterie Team

Pay VAT deferred due to coronavirus (COVID-19) Did you defer VAT payments last year? If so, now is the time to decide whether to pay in full or join the VAT Deferral New Payment Scheme service. The service is open online now and you can choose to join it (opt-in) and pay your VAT in instalments. […]

HMRC have introduced a new VAT legislation for the construction industry which comes into effect today (1st March 2021). Domestic Reverse Charge or DRC is a new way of accounting for VAT and will apply to all VAT registered construction businesses in the UK. To sum up what this means, the Vat liability moves from […]

All employees are entitled to holiday pay, so employers must calculate it for all their workers, but that’s not so easy for those without fixed hours or pay. Holiday pay must be paid, because workers should not suffer financially for taking holiday, so it is important to understand the process. Unless a worker is self-employed, almost […]

Good news! Self-employed workers who are yet to submit their tax return were given a late Christmas present as of (Monday, 25th January) – an extra month to fill it out! HM Revenue and Customs said that self assessment customers will NOT receive a fine for missing the 31st January deadline, as long as they file […]

I’m not talking about taking the tinsel down and putting the Christmas tree away. I’m talking tax! The deadline to complete your tax return is looming and around 5.4 million Self-Assessment customers have until 31st January to complete their tax return. HM Revenue and Customs said they expect 12.1 million tax returns to be filed this […]

2020, what a year. Its not every year that a pandemic puts a halt to life in such a devastating way. But 2020’s not been all bad. In fact, I’d say that CDC has had its most memorable and most positive time and I can definitely say that staring in Facebook lives and running workshops […]

Hands up who finds downloading your monthly subscription invoices or supplier bills from online portals a pain? I know I do! The time involved with logging on, downloading and then saving to folders is time that could be better spent. So, when Receipt bank told us about Invoice Fetch, we were all ears. Invoice Fetch […]

It is easy to bury your head in the sand and ignore technology, especially if you do not understand what it is, let alone how to use it! But investing a bit of time into finding out more can bring big benefits to your business. Take Dropbox for example. You may have heard of it, […]

Self-Employment Income Support Scheme Grant Extension. As many of you will be fully aware the government has announced that the CJRS Furlough scheme will be extended until the end of March 2021. Along with this they have announced an extension from the 1st November 2020 to the Self Employment Income Support Scheme with 2 further […]

Trying to keep up with all the government announcements and furlough options is a full time job in itself. Over the weekend that the government announced that the UK will start a new period of lockdown from Thursday 5th November for 1 month. The new legislation that supports this has not been agreed yet, and […]