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 […]
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 […]
