Self Employed help during COVID-19 The Chancellor has announced a new Self- employment income support scheme for those affected by COVID-19. What self- employed help is available? Self-employed people will be able to apply for a grant of 80% of their monthly profits over the last three years, up to £2,500 a month. There is … Read more
Financial assistance for Businesses during COVID-19 Since the announcement of financial assistance to businesses which employ staff under PAYE, we await the set-up of the HMRC portal through which it is intended that businesses will claim the 80% rebate. It appears that companies can make a claim having designated which staff are ‘furloughed’ i.e. those … Read more
Payment dates to HMRC changed due to COVID-19 With the outbreak of COVID-19 gripping the nation HMRC have announced some changes to the payment dates for VAT and Self-assessment. I would like to take this opportunity to clarify that although there has been a change to the payment deadlines the returns still have to be … Read more
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by the Coronavirus. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a Statutory Sick Pay relief … Read more
The aim of the Coronavirus job retention scheme is to avoid people losing their jobs altogether, the government will reimburse 80% of the wage costs of “furloughed workers”, ie workers who are sent home and do not do any further work for the organisation. All UK employers, including charitable or non-profits, are eligible. Employers need … Read more
Homeworking as advised by the government due to the COVID-19 pandemic. Whilst we know that not every business will be able to operate from home, here are some tips for those that can: Know of any potential impediments your staff may face Even though this sounds obvious its worth have the conversation with your employees, … Read more
Are you a COVID-19 key-worker? With the schools closing as of the 20th March 2020 and parents being asked to keep children home wherever possible. Care will still be available for children of COVID-19 key-workers and children classed as vulnerable. These measures have been introduced to limit the spread of the COVID-19 virus spreading. Key-workers … Read more
IR35 private sector reforms to be delayed until 2021. The government has announced the one year delay to the off payroll working rules amid concerns of the covid-19 pandemic. Plans were announced at the end of the parliamentary debate on the Budget speech. “The government is postponing the reforms to the off payroll working rules- … Read more
HMRC have launched a helpline for businesses concerned about paying their tax due to coronavirus (covid-19). A phone helpline has been set up by HMRC to support businesses and self-employed people concerned about not being able to pay their tax due to coronavirus (COVID-19). The helpline allows any business or self-employed individual who is concerned … Read more
Paper self-assessment returns will no longer be automatically sent out by HMRC. With the aim to encourage online filing and cut paper usage. Why digital? Why now? For the 2018/19 tax year 94% filed their tax return online recent 110% increase in customers registering for digital communication, HMRC feels this is the next step to … Read more
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