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COVID19

Company Loss Relief Can Be Claimed Early

Where a company makes a trading loss of no more than £200,000 in an accounting period it is now possible to claim relief for that loss even though the corporation tax return CT600 has not been submitted. This will enable the company to carry back the loss to earlier years and obtain a repayment of […]

Read more August 2nd, 2021

Fifth Self-Employed Income Support Grant To Be Paid In July

The fifth (and final) Self-Employed Income Support Scheme (SEISS) grant will be available for the self-employed to claim towards the end of July. The eligibility criteria remain broadly the same as the fourth grant. Self-employed profits in 2019/20 must not exceed £50,000 and must be more than 50% of your total income. If that test […]

Read more July 12th, 2021

Furlough Grant Reduces To 70% For July

For the month of‌‌ July, the CJRS Furlough grant support from the government via HMRC reduces to 70% of the employee’s usual pay for hours not worked. This is despite the fact that “Freedom Day” in England has been delayed four weeks to 19 July 2021, and now called “Terminus Day”. The government support to […]

Read more July 12th, 2021

Taxation of Self Employed Income Support Scheme

HMRC have now confirmed the basis on which the Self Employed Income Support Scheme (SEISS) will be taxed on individuals. It will be taxed in the tax year in which it was received, rather than being treated as additional income in the accounts year in which it was received. There will be a separate section […]

Read more June 15th, 2021

Landlord Right To Rent Checks

This update replaces previous guidance issued on 20 April 2021. The temporary COVID-19 adjusted right to rent checks will now end on 20 June 2021, and from 21 June 2021 landlords will revert to face to face and physical document checks as set out in legislation and guidance. This is aligned with the easing of […]

Read more May 21st, 2021

Financial Support From Test And Trace Support Payment Scheme

The £500 Test and Trace Support Payment is for people on low incomes who have to self-isolate due to coronavirus (COVID-19). You may be eligible if you are employed or self-employed, cannot work from home, and will lose income as a result. You can only apply if you’ve been told to self-isolate by NHS Test […]

Read more May 21st, 2021

Apprenticeships during COVID-19

The government has released guidance for apprenticeship training providers (providers), employers, end-point assessment organisations (EPAOs) and apprentices. It describes: how and when apprentices can safely train and undertake an assessment in the workplace, education and assessment settings the temporary flexibilities which apply during the coronavirus (COVID-19) pandemic It should be read alongside: the safer working guidance […]

Read more May 20th, 2021

Right To Work Checks – Temporary Measures To End

Advice for employers carrying out right to work checks during the coronavirus pandemic has been updated and replaces previous guidance issued on 20 April 2021. The temporary COVID-19 adjusted right to work checks will now end on 20 June 2021, and from 21 June 2021 employers will revert to face to face and physical document […]

Read more May 20th, 2021

New “We Offer Testing To Our Staff” Scheme Launched

The new scheme for businesses offering workplace testing for staff through NHS Test and Trace has been launched across the UK. It will show customers, employees and the wider public the businesses that are going the extra mile to keep their staff and the public safe. In addition to workplace testing, business owners and staff […]

Read more May 20th, 2021

Lockdown Rule Changes

From 17 May government advice is we should continue to work from home if we can and below we summarise the new relaxed lockdown rules: Gathering limits will be eased. Outdoor gatherings will be limited to 30 people and indoor gatherings will be limited to 6 people or 2 households (each household can include a […]

Read more May 17th, 2021

Details Of Fourth Self-Employed Income Support Grant

Like the CJRS scheme for employers, the Self-Employed Income Support Scheme (SEISS) has been extended to September 2021, and details of claims for the fourth grant have now been released. This fourth grant covers February, March and April 2021. There will then be a fifth grant covering May to September 2021. The latest grant allows […]

Read more May 11th, 2021

Details Of Latest CJRS “Furlough” Grants

The fourth version of the CJRS “furlough” grant scheme started on 1 May 2021 and will run until 30 September. Employees affected will continue to be supported such that they are entitled to be paid at least 80% of their “usual pay” subject to a limit of £2,500 a month for hours not worked. The […]

Read more May 10th, 2021

Budget Summary Spring 2021

Chancellor Rishi Sunak presented his much-anticipated second Budget on Wednesday 3 March 2021. There were many rumours of changes that would be implemented, but much of the content concerned maintaining the current position for up to five years causing a fiscal drag to boost tax revenues. In his speech, he stated his Budget ‘meets the […]

Read more March 4th, 2021

Arranging Payment Of Deferred VAT To HMRC

If you opted to defer VAT payments due to HMRC between 20 March and 30 June 2020 and the deferred amounts have not been paid in full yet, you will need to take one of the following actions. You may be charged interest or penalties if you do not use one of the 3 methods […]

Read more February 23rd, 2021

Delivering Remote Training, Effectively

Providing training for your team when they are working remotely can be challenging. Delivering a training session to a room full of people can be difficult enough. Engaging with your audience remotely presents a whole new challenge. The first thing to think about is the delivery method. Your company may already have a webinar or […]

Read more February 17th, 2021