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 […]
Thousands of high street shops, department stores and shopping centres across England are set to re-open next month once they are COVID-19 secure and can show customers will be kept safe, Boris Johnson has confirmed. Outdoor markets and car showrooms will be able to reopen from 1 June, as soon as they are able to […]
Option for self-employed to defer their second payment on account due 31 July 2020 Choose how and when you can delay making your second payment on account for the 2019 to 2020 tax year. You have the option to defer your second payment on account if you are: registered in the UK for Self-Assessment and […]
19 May 2020 Employers will be able to make claims through the Coronavirus Statutory Sick Pay Rebate Scheme from 26 May. The government has announced a new online service will be launched on 26 May for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees. Employers are […]
HMRC have issued updated their guidance when you submit a CJRS claim. Save and return option now added HMRC have added a ‘save and return’ option. This means that you can now return to a partially completed claim, rather than having to do it all in one go. Avoiding common mistakes When you make a […]
