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 […]
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 […]
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 updated their guidance 4 May, and again on 13 May to outline the process for applying for SEISS. Full details: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. You […]
In a boost to millions of jobs and businesses, Rishi Sunak announced today (12 May) that the furlough scheme would be extended by a further four months with workers continuing to receive 80% of their current salary. “As we reopen the economy, we need to support people to get back to work. From the start […]
HMRC have updated their Guidance on the SEISS scheme. Please note, that Bryden Johnson will not be able to make a claim on your behalf. You must make the claim yourself. If you would like to discuss any aspects of your claim then please contact us. The following text is extracted from HMRC website: Who […]
