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Self-Employed Deferment Of Second Payment On Account

Option for self-employed to defer their second payment on account due 31 July 2020. Choose how and when you can delay making your second payment on account for the 2019 to 2020 tax year. You have the option to defer your second payment on account if you are: registered in the UK for Self-Assessment and […]

Read more May 18th, 2020

More Space For Cyclists And Pedestrians

The Government has released details on its guidance for Local Authorities on managing their road networks in response to C19. The Secretary of state for Transport comments: “The coronavirus (COVID-19) crisis has had a terrible impact on the lives and health of many UK citizens, as well as severe economic consequences. But it has also […]

Read more May 14th, 2020

Extension To Coronavirus Furlough Scheme

On 12 May 2020 the Chancellor has announced an extension to the Coronavirus Job Retention Scheme. The initial period for the furlough scheme was due to end on 30 June 2020 but this has now been extended until 31 October 2020. He has also stated that from the end of July measures will be introduced […]

Read more May 12th, 2020

New Guidance Launched On Going Back To Work

The Government has published guidance for employers to help them get their businesses back up and running and workplaces operating safely. New ‘COVID-19 secure’ guidelines are available to UK employers to help them get their businesses back up and running and workplaces operating as safely as possible. The government has consulted approximately 250 stakeholders in […]

Read more May 12th, 2020

New Funding To Support Dairy Farmers In England

England’s dairy farmers will be able to access up to £10,000 each to help them overcome the impact of the coronavirus outbreak. The new funding will help support dairy farmers – who together continue to produce over 40 million litres of milk every day – who have seen decreased demand for their products as bars, […]

Read more May 12th, 2020

Contracts – Where You Stand With Covid-19

Overview This article looks at the contractual implications of the virus. Is it force majeure? Can good faith be invoked to preserve some of the bargains? How about frustration? This article provides practical guidance to allow companies to understand what they can do (and what they cannot) about contracts during this pandemic. What must be […]

Read more May 11th, 2020

Check If You Can Claim A Grant Through SEISS

HMRC updated their guidance 4 May to outline the process for applying for the Self-Employment Income Support Scheme (SEISS). Full details: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. You […]

Read more May 7th, 2020

Opening A Government Gateway Account For SEISS

HMRC have issued some more details relating to the claims for the Self-Employed Income Support Scheme (SEISS). The latest guidance was issued on 1 May. Full details on the SEISS can be found on our article here. As with many HMRC “guidance notes” issued recently, these tend to be quite basic, and, unfortunately, leave many […]

Read more May 6th, 2020

HMRC Update Their Guidance On The SEISS Scheme

The following text is extracted from HMRC website regarding the Self-Employment Income Support Scheme (SEISS): Who can claim? You can claim if you are a self-employed individual or a member of a partnership and: you carry on a trade which has been adversely affected by coronavirus you traded in the tax year 2018 to 2019 […]

Read more May 6th, 2020

Covid-19: Personal Affairs Guide

This is a guide for families and individuals on how to financially survive or manage through the Pandemic. It is a tough time for many of us and the idea of this guide is to help people who may have reduced employment income and increased uncertainty about their future. The aim of this guide is […]

Read more May 4th, 2020

HMRC Update: Coronavirus Job Retention Scheme

Wages for furloughed employees are now being paid six working days after claims opened. Payments for claims made on Monday 20 April should have arrived in employers’ bank accounts this week. If you have already made a claim Do not worry if you have not received payment yet – it takes six working days from […]

Read more April 30th, 2020

Increase In Fraud And Cybercrime

The Government has issued advice and guidance on how to protect yourself and your business from fraud and cybercrime. With all of the coronavirus support currently on offer to businesses, fraudsters are trying to exploit the uncertainty. The guidance suggests protecting yourself by: Stop Taking a moment to stop and think before parting with your […]

Read more April 29th, 2020

Government Announces “Bounce Back” Loans

The Government has announced a new 100% Government backed loan scheme for small businesses. Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor announced yesterday. Rishi Sunak said the new Bounce Back Loans scheme, which will provide loans of up to £50,000, would […]

Read more April 29th, 2020

Pivoting And Repurposing A Business

Overview Covid-19 has had a big impact on many SMEs in the UK. A recent study by the Office for National Statistics showed that nearly 40% of businesses in the UK had a substantially lower turnover. With the current level of disruption likely to remain for some time, many businesses are adapting their practices to […]

Read more April 27th, 2020

MOTs Due From 30 March 2020

Your car, van or motorcycle’s MOT expiry date will be extended by 6 months if it is due on or after 30 March 2020 – but you must keep your vehicle safe to drive. The Driver and Vehicle Licensing Agency (DVLA) has confirmed that MOT expiry dates will be extended by 6 months for all […]

Read more April 27th, 2020