Watch it back: ‘Virtual Breakfast’ Q&A with Director & Rural Adviser, Paul Neate & Rural Tax Adviser, Catherine Vickery
Thank you to everyone who joined our ‘Virtual Breakfast’ Q&A on Friday 10 July, and for those who asked us a question.
In this session we featured the below topics and we’ve highlighted the time they were discussed so you can get to that section with ease.
5:00 VAT reducing from 20% to 5% for restaurants, accommodation and attractions.
I have a holiday let, can I utilise the VAT reduction?
Someone is coming to my holiday let in August but they have already paid, do I need to pay them back the reduced VAT?
12:12 Stamp Duty Land Tax
15:29 Job Retention Bonus
18.43 Property energy efficiency grant
Can you explain self-assessment tax in easy to understand terms?
Do I have to pay my July tax payment on account?
Do I still have to file my self-assessment tax return if I am deferring?
What does the government deferral mean for me?
What advantages are there to defer?
What will I need to pay if I defer?
Does deferring my payment on account stop me from being entitled to other coronavirus support from the government?
Should I continue to pay the July tax payment if I have the cash to do so?
I don’t want a large tax bill in January, what other options are there for me?
What are the details of this grant?
How could this help our farming clients?
How do I access the funding?
What will I be able to use the grant for?
Should I be reviewing my tax position for the benefit of the next generation now and why?