The Chancellor announced a raft of measures today to help the UK economy through the next phase of the pandemic. Job Retention Bonus Government to pay companies a bonus of £1000 to bring employees back from furlough. (Employees must be paid £520 per month through to January 2021) Kick Start Scheme The Government will […]
You can now tell HMRC about an overclaimed amount as part of your next claim. You will be asked when making your claim whether you need to adjust the amount down to take account of a previous error. Your new claim amount will be reduced to reflect this. You should keep a record of this […]
On 29 May the Chancellor announced that the grant scheme to support the self-employed would also be extended with a further payment based on 70% of average profits for the 3 years ended 2018/19, limited to £6,570 rather than £7,500. The eligibility criteria remain broadly the same as the first grant claim. Self-employed profits in […]
HMRC have recently announced that they may allow limited companies to make claims for loss relief and tax refunds even though the current accounting period has not yet ended and the corporation tax return has not been submitted. This will be available to companies of all sizes but they will be required to provide evidence […]
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 benefits 05/07 Deadline for agents and tenants to submit returns of rent paid to non-resident landlords and tax deducted for 2019/20 06/07 Deadline for forms P11D and P11D(b) for 2019/20 tax year. Also deadline […]
As we emerge from lockdown and return to the workplace, managers will need to ensure that employees feel safe. Over the coming weeks and months, many businesses will return to some form of normal operations. This means that staff will begin to return to offices, factories and other places of work. Managers will need to […]
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 […]
