Paying for COVID-19: Government begins exploring tax take back
Jul 22, 2020
The Chancellor, Rishi Sunak, has commissioned the Office of Tax Simplification (OTS) to undertake a review into how Capital Gains Tax (CGT) is paid by small businesses and individuals. It is estimated that the UK Government has already incurred hundreds of ...
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Upcoming key dates for the Coronavirus Job Retention Scheme
Jul 22, 2020
In the next few weeks, employers may need to submit additional information or change the way they manage their Coronavirus Job Retention Scheme (CJRS) claims. To help you prepare, here are some key dates and actions you may need to ...
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Government confirms Job Retention Bonus of £1,000
Jul 22, 2020
During the Summer Economic Update, the Chancellor Rishi Sunak announced his Plan for Jobs, which included a new incentive for users of the Coronavirus Job Retention Scheme (CJRS) to keep furloughed workers employed until January 2021. The Job Retention Bonus (JRB) ...
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Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms
Jul 20, 2020
Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed. The second Self Assessment payment on account for the tax year 2019/20 is usually due at the end of ...
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UK SMEs optimistic for future despite Coronavirus pandemic
Jul 16, 2020
According to the latest research, the majority of UK based small and medium-sized enterprises (SMEs) are optimistic about the future despite the huge challenges many businesses are facing as a result of the pandemic. The research, which was compiled by Facebook, ...
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“Tax gap” falls to lowest level on record
Jul 14, 2020
The “tax gap” – the difference between what should be paid and what is actually paid – has fallen to its lowest recorded rate, new figures have revealed. HM Revenue & Customs (HMRC) said the record is a collaborative result of ...
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Summer Economic Update
Jul 08, 2020
When the Chancellor, Rishi Sunak, delivered his Spring Budget on 11 March to the packed benches of the House of Commons, the hope was that the economic impact of the Coronavirus outbreak would be ‘V-shaped’, with an immediate bounce back ...
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COVID-19: Government set to introduce Stamp Duty holiday
Jul 07, 2020
The Chancellor, Rishi Sunak, is set to announce the introduction of a Stamp Duty holiday in his summer statement on Wednesday 8 July 2020. Several financial measures are expected to be announced in the summer statement as the Government looks to ...
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Don’t forget to make an SEISS claim by 13 July!
Jul 06, 2020
Individuals eligible for the first Self-Employment Income Support (SEISS) grant must submit their claim by 13 July 2020. The first round of SEISS funding allows self-employed individuals, who have been adversely affected by COVID-19 on ...
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Key dates for Coronavirus support schemes
Jun 29, 2020
With numerous Government schemes open to businesses and individuals to help deal with the impact of the Coronavirus outbreak, there are dozens of key dates to be aware of in the coming months, including: 30 June 2020 End date of the VAT ...
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