HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement by 1 April. The payment deadline for Self Assessment is 31...
Continue reading...The government has announced greater repayment flexibility under its Pay As You Grow scheme for businesses that took out Bounce Back Loans. Following pressure from Labour and business groups to increase coronavirus support for businesses, Chancellor Rishi Sunak has expanded the...
Continue reading...CJRS December claims deadline You must submit any December claims no later than Thursday 14 January. You can claim before, during or after processing payroll. If you can, it’s best to make a claim once you’re sure of the...
Continue reading...Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the Chancellor has announced. The cash is provided on a per-property basis to support businesses through the latest restrictions The Furlough...
Continue reading...Domestic VAT rules remain the same following the end of the transition period. However, VAT rules relating to imports and exports to and from the EU will change. Prior to Brexit and during the transition period, the UK was...
Continue reading...You’ll be able to apply for CJRS online from Wednesday 11 November – for periods from 1 November. You will need to submit any claims for November by 14 December. What’s new in the support available CJRS has been extended to...
Continue reading...The generosity of the Self-Employment Income Support Scheme (SEISS) Grant Extension will be increased from 40% of average trading profits, to 55%. In addition, the opening of the service has been brought forward from 14 December to 30 November. How...
Continue reading...The coronavirus job support scheme (CJRS) will continue until 1 December 2020 with grants covering 80% of wages, while implementation of the JSS has been delayed. The new national restrictions will apply from 5 November to 2 December 2020, but the...
Continue reading...Chancellor Sunak revealed five measures to help businesses survive into 2021: a job support scheme, more SEISS grants, improved loan terms, further deferrals of tax payments and a continuation of the 5% VAT for the hospitality sector. Trick or...
Continue reading...There will be a temporary VAT reduction for the tourist and hospitality industry from 15 July 2020 to 12 January 2021. This blog will provide guidance to the introduction of the 5% reduced rates and outline who it applies...
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