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Self Assessment Second Payments

For those taxpayers who will be requested to make a second payments on account of the 2019/20 tax liability, the date that was to become payable was 31 July 2020. However, HMRC have announced that this instalment can be deferred until 31 January 2021 without incurring any interest charge. The deferral is automatic and does […]

Read more July 3rd, 2020

Limited Company And LLP Moratorium

How to apply for breathing space to consider a rescue plan for your company. Using a moratorium to support companies and other types of business in financial difficulty. If your business has been or is really struggling, you can get “formal” breathing space to consider a rescue plan for your company. A moratorium gives struggling […]

Read more July 2nd, 2020

Pubs, Restaurants And Hairdressers To Reopen

The Government has announced that Pubs, Restaurants and Hairdressers can reopen from 4 July. They have published practical guidelines to help the businesses reopen safely. The new guidance sets out a range of measures to become Covid-19 secure, including: requiring the use of table service where possible instead of ordering at the bar and assigning […]

Read more July 2nd, 2020

Guidance On Reopening Tourism And Visitor Attractions

The Government has outlined the measures that will allow UK tourism and visitor attractions to reopen to the public from 4 July. The guidance, published today by the Department for Digital, Culture, Media and Sport, outlines the processes and facilities that businesses must put in place before reopening on July 4 so that both staff […]

Read more July 2nd, 2020

UK – Business Rules Relaxed To Help Through Coronavirus Pandemic

The Department for Business, Energy & Industrial Strategy have published a list of the rules that have been temporarily relaxed to make it easier for businesses to continue working through the disruption caused by coronavirus (COVID-19). The government has temporarily relaxed the rules in the following areas: Annual leave: Workers will be allowed to carry […]

Read more June 29th, 2020

Easing Of Lockdown Restrictions In England

From Saturday 4th July, the Prime Minister has announced that pubs, restaurants and hairdressers will be able to reopen, providing they adhere to COVID Secure guidelines. From the same date, he has set out that two households will be able to meet up in any setting with social distancing measures, and that people can now […]

Read more June 24th, 2020

How Being Social Could Help You Through The Coronavirus

Which is the most important word in the phrase ‘Social Media’? Here’s a clue – it’s not ‘media’. If you want to be more successful on social media, you need to be more social. What does that mean in reality? Let’s start by understanding that while social media often falls under the banner of digital […]

Read more June 23rd, 2020

Personal And Economic Well-Being In Great Britain: June

While our day-to-day emotions like happiness and anxiety have improved since the beginning of lockdown, our assessment of life overall, such as our life satisfaction and feeling that the things we do are worthwhile, have remained subdued since 20 March 2020. As average anxiety has fallen, the time we think it will take for things […]

Read more June 22nd, 2020

Latest Indicators For The UK Economy And Society

The Government has published studies about the effect of Coronavirus on the UK economy. According to the latest Business Impact of Coronavirus (COVID-19) Survey (BICS), 30% of the workforce were on furlough, and 42% of businesses were topping up workers’ pay. According to the latest Opinions and Lifestyle Survey (OPN), nearly half of all working […]

Read more June 22nd, 2020

Setting Up VAT Direct Debits

The VAT Payment deferral scheme does not apply to VAT quarters ending from 31 May 2020 onwards. VAT returns for these periods must be submitted and paid on time. If you have previously cancelled your Direct Debit payment to HMRC in order to make use of the VAT payment deferral scheme, you will now need […]

Read more June 18th, 2020

Which Expenses Are Taxable For Employees Working From Home

Find out what equipment, services or supplies are taxable if your employees are working from home due to coronavirus (COVID-19). Who is not affected? Furloughed workers who are eligible for the Coronavirus Job Retention Scheme. Type of equipment, service or supply Mobile phones and SIM cards (no restriction on private use) If you provide a […]

Read more June 16th, 2020

What Affects The Self-Employment Income Support Scheme?

The Self-Employment Income Support Scheme currently allows you to claim a taxable grant worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total. If you are self-employed or member of a partnership find out how your circumstances can affect […]

Read more June 15th, 2020

How To Treat Employee Expenses And Benefits Provided During Coronavirus

Find out about taxable expenses and benefits when they are paid to employees because of coronavirus and how to report them to HMRC. This guidance is about Income Tax treatment only. National Insurance contributions treatment may vary depending on the individual benefit or expense. See: https://www.gov.uk/guidance/how-to-treat-certain-expenses-and-benefits-provided-to-employees-during-coronavirus-covid-19 Please talk to us if you need clarification in […]

Read more June 11th, 2020

Apply For The Coronavirus Local Authority Discretionary Grants Fund

The Discretionary Grant Fund supports small and micro businesses that are not eligible for other grant schemes opened on the 8 June in England. Small and micro businesses with fixed property costs that are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund may be eligible for the […]

Read more June 11th, 2020

Updates For Farmers, Landowners And Rural Businesses

Farm visits and inspections The Government is planning a phased return to on-farm visits and site inspections. These will begin from 1 June and will be based on business priority, starting with Countryside Stewardship and Environmental Stewardship inspections. To ensure they work within the regulations arising from COVID-19, they will adopt a revised approach to […]

Read more June 10th, 2020