In these uncertain times, businesses are combatting an increased amount of fraud. Throughout recent months, there have been widespread reports of an uptick in fraudulent websites, charity scams and fake emails purporting to be from banks, etc. This increase in fraudulent activity is being driven by opportunists who are attempting to take advantage of the […]
Following the news that the furlough scheme is to be extended until October, we’ve put together a guide covering some key issues relating to holiday pay, bank holidays and notice pay. Holiday pay Employees who have been placed on furlough continue to accrue statutory holiday entitlement and any additional holiday (bank holidays) provided under their […]
For anyone who has cancelled their direct debits to utilise the VAT payment holiday between 7th April 2020 and 7th June 2020, HMRC have suggested that businesses do not restart their direct debits until after 31st March 2021. This is due to the possibility of HMRC trying to collect the payment holiday balance via direct […]
Many of you will be looking forward to the football season resuming, albeit behind closed doors. There has been an interesting tax case recently concerning the employment status of referees. The Upper Tier Tribunal has rejected an appeal by HMRC concerning whether referees officiating at matches in the Championship and lower leagues were employees of […]
Despite the coronavirus lockdown HMRC have announced that they will still expect P11d forms reporting expenses and benefits to be submitted by the normal 6 July deadline. Remember that reimbursed expenses no longer need to be reported where they are incurred wholly, exclusively and necessarily in the performance of the employee’s duties. Dispensations from reporting […]
The Government are still committed to the transitional Brexit period ending on 31 December 2020 and businesses trading with the EU need to make sure they are ready for major changes. If you’re submitting an application for Authorised Economic Operator (AEO) status from 1 June 2020, you must submit them through the EU Customs Trader […]
During the lockdown period many employees and directors have not been using their company cars and it has been sitting on their driveway. You might think that means that the benefit of having a company car does not apply but unfortunately HMRC do not agree. HMRC have recently confirmed that there continues to be a […]
Date What’s Due 01/06 Corporation tax for year to 31/8/19 (unless pay quarterly) 19/06 PAYE & NIC deductions, and CIS return and tax, for month to 5/6/20 (due 22/06 if you pay electronically) 01/07 Corporation tax for year to 30/9/19 (unless pay quarterly) 05/07 Last date for agreeing PAYE settlement agreements for 2019/20 employee […]
The government’s Self-Employment Income Support Scheme will be extended, giving more security to individuals whose livelihoods are adversely affected by coronavirus in the coming months, the Chancellor announced on Friday 29 May 2020. Rishi Sunak announced the Self-Employment Income Support Scheme will be extended – with those eligible able to claim a second and final […]
From 1 July 2020 businesses will have the flexibility to bring previously furloughed employees back to work part-time. The government continuing to pay 80% of wages for any of their normal hours they do not work up until the end of August. Businesses can decide the hours and shift patterns that their employees will work […]
