VAT

Businesses who defer VAT payments should continue to file returns as usual, says HMRC

Apr 28, 2020

Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed. The guidance comes after the Government announced that all businesses severely affected by Covid-19 ...

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business-loan

Bounce Back Loans scheme for small businesses

Apr 28, 2020

  The Chancellor has announced a new loans measure, known as the Bounce Back Loans Scheme (BBLS), which will allow small businesses to borrow up to 25 per cent of their turnover, up to a maximum of £50,000. The BBLS will be ...

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Businesses bombarded by cyber-attacks

Businesses bombarded by cyber-attacks as they seek support for COVID-19

Apr 27, 2020

  A range of organisations, including the Institute of Chartered Accountants in England and Wales (ICAEW), have released fresh warnings about the risk of cyber-attacks during this already challenging period. Reports are being released that suggest that cybercriminals are targeting businesses via ...

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Child Benefit and the High-Income

Child Benefit and the High-Income Child Benefit Charge during the coronavirus outbreak

Apr 27, 2020

The impact of the coronavirus outbreak on incomes in the most affected sectors has the potential to have a knock-on effecton eligibility for Child Benefit and the High-Income Child Benefit Charge. The High Income Child Benefit Charge was introduced by the ...

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Coronavirus Statutory Sick Pay

Coronavirus Statutory Sick Pay Rebate Scheme

Apr 27, 2020

  HMRevenue &Customs (HMRC) is expected to release a new online service to help companies reclaim Statutory Sick Pay (SSP) that has been paid as a result of COVID—19. As such, it has updated its guidance on its website to help businesses ...

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Coronavirus Customs Authorisations

Coronavirus Customs Authorisations

Apr 27, 2020

  In response to the COVID-19 outbreak, the Government is making temporary changes to customs policy and authorisations. These amendments to existing policies are most likely to affect businesses authorised, or applying to be authorised by customs,thatuse temporary storage or customs special ...

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Are you or your team classed

Are you or your team classed as essential workers?

Apr 27, 2020

  Book your free coronavirus test online For the Government to begin the process of lifting the lockdown they need to undertake more tests to understand what proportion of the UK public is immune and to ensure those most at risk can ...

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Payment of dividends

Payment of dividends during the Coronavirus outbreak

Apr 27, 2020

It is common for directors of limited companies, who are also shareholders, to receive much of their income in the form of dividends instead of through a salary, owing to the tax benefits this can entail. However, there are strict rules ...

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Certain sectors see access

Certain sectors see access to the Coronavirus Job Retention Scheme restricted

Apr 27, 2020

  Some sectors that receive payments from the Government as well as from private sources have seen their access to the Coronavirus Job Retention Scheme (CJRS) restricted. The CJRS allows employers to retain employees on the PAYE Payroll who are not carrying ...

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Business Rates

Retail, hospitality and leisure firms set for £10 billion business rates savings

Apr 24, 2020

Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed. The new statistics come after the Government launched its comprehensive business rates relief package for ...

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