In an attempt to address the financial difficulties of businesses in the hospitality and tourism industries, Rishi Sunak also announced a range of VAT reductions on selected supplies for these sectors.
Summary of the changes are set out below:
Hospitality
When you supply food and...
1 month 2 weeks ago
1 August 2020 - Due date for Corporation Tax due for the year ended 31 October 2019.
19 August 2020 - PAYE and NIC deductions due for month ended 5 August 2020. (If you pay your tax electronically the due date is 22 August 2020)
19 August 2020 - Filing deadline for the CIS300...
1 month 2 weeks ago
A Fix your Bike Voucher Scheme has been launched by the Department for Transport as an incentive to encourage the numbers of people using their bikes to commute and for leisure purposes.
How the scheme works
Bike repairers must be located in England.
Bike repairers must meet...
1 month 2 weeks ago
New legislation applies from 31 July 2020 to ensure that furloughed employees receive statutory redundancy pay based on their normal wages, rather than a reduced amount based on their furloughed pay.
Business owners who are considering their options – to bring back furloughed staff...
1 month 2 weeks ago
We have been waiting for some time for government to announce an extension to its Making Tax Digital (MTD) program; this they did last week.
What is MTD?
HMRC are keen to digitise the collection of information to calculate your tax liabilities. At present they are reliant on you...
1 month 3 weeks ago
It seems fairly likely that we are heading for a no-deal exit from the EU, 1 January 2021. Many smaller businesses that presently import or export goods from and to the EU will need to deal with a complex raft of customs and VAT issues if they continue trade with the EU after this...
1 month 3 weeks ago
Many businesses in vulnerable sectors may have slipped into a loss making position following lock-down. Some of those businesses may have availed themselves of government backed “soft” loans to provide them with the cash-flow to survive the process.
Even with rigorous planning to...
2 months 2 days ago
Social distancing will be challenging theatre and other performance arts facilities as they grapple with the news announced last week that indoor performance with socially distanced audiences will be able to take place across the country from 1 August 2020.
The idea that an audience...
2 months 4 days ago
The furlough scheme has enabled employers to defer decisions about their workforce – who to retain, who to let go – but as from the beginning of August 2020, employers will be obliged to meet the furlough costs on an incremental basis.
Another change this month, July 2020, is that...
2 months 1 week ago
The government announced further easing of lock-down restrictions last week. Outdoor pools can reopen to the public from 11 July, followed by indoor gyms, pools and leisure centres on 25 July 2020.
In a recent press release they said:
The Government has outlined the measures that...
2 months 1 week ago
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Are you ready for NHS COVID-19 app? https://t.co/8BqiGpgo4O -
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Employer obligations to employees working at home https://t.co/8sTz75ytNB
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Are taxes on the increase? https://t.co/wjRrbvEzKF
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Government support for certain self-isolating cases https://t.co/Q1EW7EPDpq
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E-commerce eases COVID disruption https://t.co/FheEiuJVCq
