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Author: Debbie

Fisheries Minister Edwin Poots MLA has announced a £360,000 emergency support package for Northern Ireland’s aquaculture sector.

The support fund of up to £360,000 will be in the form of a grant payment, covering the three month period – 1 March to 31 May 2020 and will be based on the income lost from sales of aquaculture products due to COVID-19.  Average monthly sales over the past three years for each business will be used as the baseline.

Relevant business owners will be sent full details of the scheme and how to apply in due course.

 

With information on the coronavirus outbreak changing almost hour by hour, it’s hard to figure out what support is available for your small business. As a team we are committed to helping all small businesses whether clients or not in getting through this difficult time!.

We are here to offer assistance with information regarding support available, helping with claims, preparing cash flows/accounts/speaking with creditors on your behalf or anything else we can do to help.

As a small business we understand how hard this is for small businesses to survive, so we are offering to differ billing for work until businesses are in receipt of financial assistance and the cashflow burden has eased. We are also offering a 15% discount on our current rates to try and help.

If you wish to speak with us confidentially, please complete the contact form or email us on: info@thetaxcafeni.com

Wishing you all the best.

The Tax Cafe NI Team

Making Tax Digital (MTD) is a HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers.

MTD begins on 1st April 2019 with MTD for VAT. So what does this mean for you?.

If you are a vat registered business above the vat threshold of £85k then yes it will affect you, from April 2019 you will have to keep digital records and submit your VAT returns using compatible software.  So no more spreadsheets and filing directly through the HMRC gateway.  You will need to be recording your financial information and filing your vat return via a suitable accounts package.

When do you need to act?

Although the date that MTD for vat comes into affect in April 2019, you may need to act sooner.  This will depend on a number of factors such as when your financial year end is and when your vat quarter ends.

Need to know more?  Feel free to contact one of our client managers to discuss how this affects you and how soon you need to act.

 

 

Making Tax Digital – Does It Affect You?