If you submit a self-assessment tax return you may need to consider your options as any second payments on account for 2019-20, are coming due for payment 31 July 2020. In a nut-shell you have three options:
Defer payment until 31 January 2021
As part of his support for...
2 months 2 weeks ago
The Chancellor, Rishi Sunak continued with his campaign to support the business and jobs community today, 8 July 2020, as firms engage with the disruption caused by the coronavirus outbreak and the measures taken to control infection.
The main thrust of his announcements during his...
2 months 2 weeks ago
As the town of Leicester demonstrates, the recent announcement that many businesses would be able to reopen since 4 July 2020, depends on local conditions. Rates of infection in Leicester are causing concerns and consequently, local businesses were unable to reopen.
However, for the...
2 months 2 weeks ago
A number of EU countries have reduced VAT rates in an attempt to stimulate the economy: if VAT rates fall, prices should fall encouraging consumers to spend more.
There has been much press commentary recently that Rishi Sunak will announce a similar reduction in the UK. Note, at...
2 months 2 weeks ago
One aspect of the 1 July changes to the CJRS was the closing date to new entrants was set as 30 June 2020. This disadvantaged parents who had been on extended parental or maternal leave in recent months and were intending to return to work after 30 June.
The government has now...
2 months 3 weeks ago
1 July 2020 - Due date for corporation tax due for the year ended 30 September 2019.
6 July 2020 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.
19 July 2020 - Pay Class 1A NICs (by the 22 July 2020 if paid electronically).
19...
2 months 3 weeks ago
It is now confirmed that the UK will neither accept nor seek any extension to the Transition Period.
From 1 January 2020, the UK will have the autonomy to introduce its own approach to goods imported to GB from the EU.
Recognising the impact of coronavirus on businesses’ ability to...
2 months 3 weeks ago
Last month we commented on the changes to the Coronavirus Job Retention Scheme (CJRS) that commenced at the beginning of this month (1 July 2020).
Now that we have the option to bring back employees on a part-time basis and still have a measure of support for their unpaid time, what...
2 months 3 weeks ago
A package of support to help high streets to get back on their feet was launched 12 June 2020. This announcement was made just days before shops were allowed to reopen on 15 June.
The High Streets Task Force will provide access to cutting-edge tools, training, information and advice...
2 months 3 weeks ago
The changes to lock-down announced by the Prime Minister last week are summarised below. Most are effective from 4th July 2020.
Pubs, restaurants and hairdressers will be able to reopen, providing they adhere to COVID Secure guidelines.
From the same date, two households will be...
2 months 3 weeks 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
