Time to Pay

What to do if you’re rejected for Time to Pay

Jan 21, 2021

An estimated 25,000 taxpayers have registered to spread out tax payments this year using the Time to Pay service, HM Revenue & Customs (HMRC) recently revealed. But what happens when your application gets rejected? In this blog, we’ll explore why you ...

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IR35 (4)

IR35: Businesses are still not prepared for off-payroll working rules

Jan 18, 2021

According to a recent study, many UK firms are not adequately prepared for the off-payroll tax rule changes for the private sector to start in April 2021. The survey, which had 3,300 contractors as respondents, revealed that 52 per cent of ...

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Self-Employed (2)

Self Assessment: thousands spread tax liabilities in response to coronavirus disruption

Jan 14, 2021

Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed. HM Revenue & Customs (HMRC) said around 25,000 taxpayers have now registered to ...

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Furlough (3)

CJRS: Main changes to the extended scheme

Jan 12, 2021

Towards the end of 2020, the Chancellor announced the furlough scheme’s extension until 30 April 2021, which will continue to contribute 80 per cent towards employees’ wages. Despite some similarities to the initial scheme in March 2020, ...

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Are you making full use of the Government’s COVID-19 financial support package?

Jan 08, 2021

  Download our latest guide to make sure you are taking advantage of the support on offer As we enter yet another national lockdown, businesses may be concerned about their ability to survive and succeed in the weeks and months ahead. The level ...

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Self-Employed (5)

HMRC warns of tax scams ahead of Self Assessment deadline

Jan 07, 2021

HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline. It comes after the tax office responded to thousands of reports of bogus emails, text messages and phone calls ...

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Chancellor announces-grants-worth-up-to

Chancellor announces grants worth up to £9,000 for businesses in the retail, hospitality and leisure sectors

Jan 05, 2021

  The Chancellor, Rishi Sunak, has announced a package of one-off grants worth between £4,000 and £9,000 for businesses in the retail, hospitality and leisure sectors, following the announcement of a nationwide lockdown in England lasting until at least mid-February. The new ...

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WFH Parent

Employers: call for furlough scheme to be introduced to working parents while schools are closed

Jan 04, 2021

The Trades Union Congress (TUC) states that working parents with children, who struggle to balance their work-life and childcare, should be put on the furlough scheme whilst the schools are closed. According to the union, many bosses may be unaware that ...

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Self Assessment

COVID-19: enhanced payment plans for Self-Assessment individuals

Dec 21, 2020

To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers - increasing the threshold from £10,000 to £30,000. ...

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Coronavirus furlough and loan schemes further extended

Dec 18, 2020

As businesses prepare to enter a new year, the Chancellor Rishi Sunak has confirmed a further extension to the Government-backed loans and Coronavirus Job Retention Scheme (CJRS). In a move that the Chancellor said would provide "certainty for millions of jobs ...

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