News
Businesses Repay £1.3bn of Furlough
Businesses have paid back £1.3bn worth of furlough cash with £300m returned in the last three months alone, official statistics reveal. Businesses that have overclaimed or decided they no longer need payments received through the coronavirus job retention scheme...
Making Tax Digital Update
Despite persistently denying there was any possibility of a delay to the Making Tax Digital (“MTD”) timetable, it has been confirmed that the introduction of MTD for income tax has been postponed another year to 2024. "The government recognises the challenges faced by...
VAT Changes for Amazon 2021 – Everything That You Need to Know
The changes outlined below are relevant to businesses that are selling on Amazon to customers in the UK where the goods are stored outside the UK or where the goods are stored within the UK but the seller is based outside the UK. On the first of January 2021, several...
Ecommerce VAT Changes 2021
From the start of 2021, HMRC introduced a number of changes to the rules of VAT for ecommerce and how businesses need to account for it. Some of these changes are a direct result of Brexit and any business making sales or deliveries of goods to consumers in the EU are...
Why your e-commerce business needs an e-commerce accountant
In this short video, we talk you through why we think every e-commerce business should have a specialist e-commerce accountant. Video Transcript Hi guys, I'm Oliver from Elver E-commerce Accountants. And today I'm going to be telling you why every e-commerce...
Distance Selling Rules Changes
The current distance selling rules, which require VAT registrations in each EU country where thresholds are reached, will, for the most part, disappear on 1 January 2021 and VAT will be due in the member state of destination, otherwise known as the 'destination...
Elver E-Commerce Accountants Feature on YouTube Channel
This month our director, Steve Blackmore, was interviewed by the YouTube Channel E-Commerce agency, on the subject of e-commerce tax and accounting. You can catch the interview here:
Job Retention Scheme
A reminder that the JRS is currently scheduled to end on 31 October. The government contributions reduced to 70% in September and will reduce to 60% in October. Coronavirus Business Interruption loans The CBILS scheme ends on 30 September, but Bounce Back Loans are...
Kickstart Scheme
A new scheme to help young people to work and spur Britain’s economic revival has been launched by the UK Government. Businesses are now able to sign up to be part of the landmark £2bn Kickstart scheme, giving unemployed young people a future of opportunity and hope...
Job Retention Bonus Update
The Job Retention Bonus Scheme will enable eligible employers to claim £1,000 for each eligible employee in respect of whom they have previously made a valid claim under the Coronavirus Job Retention Scheme (CJRS) and who remains in continuous employment until at...
Swoop Funding And Cost Reduction Platform
Here at Elver E-Commerce Accountants, we’re rooting for you to succeed. We introduced Swoop in previous emails and if you’re looking for funding to take your business to the next level, we highly recommend that you sign up to Swoop funding. Swoop is a business funding...
GST for E-Commerce in New Zealand
We are delighted to announce a new partnership with Elevation Chartered Accountants can assist non-resident businesses with their GST registration and ongoing compliance in New Zealand. In New Zealand, non-resident businesses have to register an account for GST on...