Self assessment customers to benefit from enhanced payment plans

Self assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. The online payment plan service was already able to set up instalment arrangements for paying tax liabilities up to £10,000. From 1 October 2020, HMRC increased the… Continue reading Self assessment customers to benefit from enhanced payment plans

Hot Topic: Updated Job Support Scheme

As part of the Winter Economy Plan Chancellor Rishi Sunak announced the introduction of the government’s new Job Support Scheme Open (JSS Open). The JSS aims to protect jobs and support businesses over the coming months. Following the initial announcement, the Chancellor announced an extension of the JSS.  The Job Support Scheme Closed (JSS Closed)… Continue reading Hot Topic: Updated Job Support Scheme

Hot Topic: Job Support Scheme

As part of the Winter Economy Plan Chancellor Rishi Sunak announced the introduction of the government’s new Job Support Scheme Open (JSS Open). The JSS aims to protect jobs and support businesses over the coming months. Following the initial announcement, the Chancellor announced an extension of the JSS.  The Job Support Scheme Closed (JSS Closed)… Continue reading Hot Topic: Job Support Scheme

Winter Economy Plan support for the self-employed

Photo by Burst on Pexels.com As part of the Winter Economy Plan the Self-Employment Income Support Scheme (SEISS) will be extended under the name SEISS Grant Extension. The grant: will be limited to self-employed individuals who are currently eligible for the SEISS, andwill be available to individuals who are actively continuing to trade but are… Continue reading Winter Economy Plan support for the self-employed

Job Support Scheme

Photo by Andrew Neel on Pexels.com The existing job support scheme, the furlough scheme, comes to an end on 31 October. As part of the Winter Economy Plan the government announced it will be introducing a new Job Support Scheme from 1 November 2020. For employers to participate in the scheme: employees will need to… Continue reading Job Support Scheme

New trade arrangements with the EU from 1 January 2021

HMRC has sent letters to VAT-registered businesses in Great Britain trading with the EU, or the EU and the rest of the world. They explain what businesses need to do to prepare for new processes for moving goods between Great Britain and the EU from 1 January 2021. Measures explained in the letter include: making… Continue reading New trade arrangements with the EU from 1 January 2021

COVID-19: delay to VAT reverse charge on construction services

On 5 June 2020, HMRC announced a five-month delay to the introduction of the domestic VAT reverse charge for construction services, due to the impact of the COVID-19 pandemic on the sector. The change will now apply from 1 March 2021 and will overhaul the way VAT is payable on building and construction invoices as… Continue reading COVID-19: delay to VAT reverse charge on construction services

Time To Pay Tax

If coronavirus means you can't pay a tax bill on time, the government is offering Time To Pay (TTP) as a way of easing cash flow problems. It is important to appreciate that TTP cannot be used to reduce tax liability. TTP is just that - it buys time, giving you breathing space and spreading… Continue reading Time To Pay Tax

Government launches small business micro loan scheme

As part of the government's measures to mitigate the economic damage caused by the coronavirus (COVID-19) lockdown, Chancellor Rishi Sunak has announced a micro loan scheme for small businesses. The Bounce Back Loan Scheme will allow small businesses adversely affected by COVID-19 to apply for up to £50,000, with the government guaranteeing 100% of the… Continue reading Government launches small business micro loan scheme

Health & Safety: COVID-19

Face masksDoes your facemask fit properly? Will it work effectively? Is there any point in even wearing a face mask? Experts from HSE and PHE have carried out a rapid review of the evidence supporting the use of personal protective equipment (PPE) in healthcare and in the context of COVID-19. The conclusions drawn from the… Continue reading Health & Safety: COVID-19