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COVID19

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

Tax-Free Childcare And 30 Hours Free Childcare During Coronavirus

To help make sure critical workers can continue to access the childcare they need to enable them to work, even if their circumstances have changed during the Pandemic, the Government have made some temporary changes. Find out about temporary changes that may affect you if you are applying for, or already getting, Tax-Free Childcare or […]

Read more June 10th, 2020

10 Commonly Asked Redundancy Questions

1. How do I know if I need to make redundancies? Having to make redundancies is a difficult decision, and should be a last resort. It will be case specific to each business, but typically, redundancies are necessary where a workplace needs to close indefinitely, a job no longer exists or the need for a […]

Read more June 2nd, 2020

Extension Of Self-Employed Support Scheme

Alongside the announcement of changes to the Job Retention Scheme on 29 May 2020, the Chancellor also provided detail of the extension to the Self-Employed Income Support Scheme (SEISS). Self-employed people can continue to apply for the first grant up until 13 July 2020 which is for 80% of their average monthly trading profits. This […]

Read more June 2nd, 2020

Important Update On The Coronavirus Job Retention Scheme

Returning Part-Time Having pre-warned the public that significant changes would be made to the ‘Furlough’ scheme, the Government released the detail on 29 May 2020, and there was quite a lot more to it than expected. These are important changes, particularly the dates by which certain parts will be implemented and also by which no […]

Read more June 2nd, 2020

Six People Can Meet Outside Under New Measures To Ease Lockdown

PM Boris Johnson announced groups of up to six people will be able to meet outdoors in England from Monday 1 June, provided strict social distancing guidelines are followed. The Prime Minister announced the change as he set out a package to ease the lockdown in a way that is expected to keep the R […]

Read more June 1st, 2020

Government Launches NHS Test And Trace Service

The Government launches its test and trace service today and has issued related guidance for England. There are equivalent arrangements for Scotland, Wales and Northern Ireland. The new NHS Test and Trace service will launch today (Thursday 28 May) across England, the government announced. The service will help identify, contain, and control coronavirus, reduce the […]

Read more May 28th, 2020

Prime Minister Sets Out Timeline For Retail To Reopen In June

Prime Minister Boris Johnson sets out a timeline for retail to reopen in June. Thousands of high street shops, department stores and shopping centres across England are set to reopen next month once they are COVID-19 secure and can show customers will be kept safe, Prime Minister Boris Johnson has confirmed today. The Prime Minister […]

Read more May 28th, 2020