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COVID-19: Re-cap of the VAT and self-assessment payment deferral

VAT The VAT deferral payment applies from 20 March until 30 June 2020 All UK businesses are eligible including non-established businesses registered for VAT in the UK This will generally mean the deferral of one quarter’s VAT: the payment due on 7 April, 7 May or 7 June 2020 or the monthly payments due on […]

COVID-19: Coronavirus Job Retention Scheme – Update Guidance

On the evening of March 26th 2020, the Government released further information on how a claim for wages costs through the scheme can be made.  Full details of the guidance which has been published can be found on the GOV.uk website, link below. https://www.gov.uk/guidance/cl… As always, please do not hesitate to get in touch with […]

COVID-19: ‘Coronavirus Business Interruption Loan Scheme’

During the 2020 Budget which was held last week, the Chancellor announced that a ‘Coronavirus Business Interruption Loan Scheme’ would be available ‘over the coming weeks’. However, due to the rapidly changing circumstances surrounding Covid-19 it has now been announced that this will be brought forward and we can expect the new scheme to become […]

Minimum wage apprenticeships – not plain sailing

A report out in January shows that around 20% of those on apprenticeship schemes are not being paid the National Minimum Wage (NMW), while apprenticeships themselves have fallen in number. The figures in the Apprenticeship Pay Survey from the Department for Business, Enterprise and Industrial Strategy (BEIS) show the strange anomaly that correct levels of […]

‘Time to pay’ arrangements get easier

For taxpayers who have trouble affording their tax bills, HMRC has updated its process for setting up time to pay arrangements. If you have missed the self-assessment filing deadline of 31 January, and are struggling to cover your tax payments, you can now set up a time to pay arrangement online with HMRC. The online […]

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