Today’s newsletter is to update you on few things including the VAT Deferral New Payment Scheme and an interesting tale of two Uber drivers who went to the Supreme Court over worker rights and what the outcome could mean for businesses going forward. I should image after BoJo’s announcement later today and the fast-approaching budget, we’ll have another newsletter out soon. The National Debt Support Fund The Government have now set up a facility for individuals and presumably businesses to make voluntary donations to help pay down the National Debt or to be used for public expenditure. If that is of interest to either you or anyone within your client base please see the link below: Voluntary payments / donations to government - GOV.UK (www.gov.uk) The VAT Deferral New Payment Scheme Who is it aimed at? Businesses who deferred their VAT payments due between 20th March 2020 and 30th June 2020 and have yet to pay it over to HMRC. What 3 options are presently open to these businesses?

Following a postponement due to Coronavirus, HMRC are continuing to implement the VAT Domestic Reverse Charge with effect from 1 March 2021. This sounds complex but....... The aim of this legislation or charge is to tackle VAT fraud in the construction industry which costs the UK economy approximately £100million per annum, specifically missing trader fraud, by making it the responsibility of the contractor or receiving sub-contractor to account to HMRC for VAT on applicable transactions. This sounds complex but broadly means, a contractor will no longer pay VAT over to their sub-contractor and will instead pay it directly to HMRC via their own VAT return. The first two points of this charge is what it applies to; If an invoice is for services that fall within the Construction Industry Scheme (CIS) (both labour and materials) then the reverse charge will apply. The change only applies to individuals or businesses that are registered for VAT in the UK – it will not apply to end us

Many clients tell us that the main challenge they face when trying to improve their business is finding time to work ON the business without the distraction of day to day tasks. The team at Together We Count have shared their tips for tackling this challenge. Implementing just one of these will help you towards your goals... 1. Put the following questions on a laminated sheet and ask yourself the questions before you start any task. It’s a great way to eliminate the jobs you shouldn’t be doing. Keep the sheet handy and get into the habit of referring to it regularly: How critical is it that this task is done? (If critical, block out time in diary. If not critical, either add it to the “nice ideas” list or delegate it) How important is it that I do this task? If not me, who is the best person to do it? Is there a step-by-step system or training video? If the task is likely to be repeated there should be a system?   2. Make an appointment with yourself. Block it out in your diary (paper