VAT reverse charge on construction services

VAT reverse charge

HMRC has announced a five-month delay to the introduction of the VAT reverse charge for construction services, due to the impact of the coronavirus pandemic. The new rules mark a complete overhaul of the way VAT is payable on building and construction invoices, as part of moves to reduce fraud in the sector. Under the … Read more VAT reverse charge on construction services

Self-Employment Income Support Scheme

HMRCnews and updates coronavirus (covid-19)

HMRC have now issued further guidance for the government’s Self-Employed Income Support Scheme which will open ahead of schedule on the 13th May, 2020. The scheme will benefit self-employed individuals or those in a partnership whose business has been adversely affected by coronavirus, covering most people who get at least half of their income from self-employment.  SEISS is a temporary scheme that will … Read more Self-Employment Income Support Scheme

Automatic Enrolment Pensions during Furlough

Auto-enrolment pensions

Automatic enrolment duties Your automatic enrolment (AE) duties continue to apply as normal, including your re-enrolment and re-declaration duties. This is the case whether your staff are still working or are being furloughed as part of the Coronavirus Job Retention Scheme. New employers If you are a new employer, you should continue to assess your staff and … Read more Automatic Enrolment Pensions during Furlough

COVID-19 support for businesses

Support for businesses covid-19

The government have distributed £12.3 billion to local authorities so they can support businesses during the COVID-19 pandemic. As of 19th April 2020, £6 billion had been paid out to 484,166 business properties. The Small Business Grants Fund is a £10,000 grant per eligible business, originally announced at Budget. Businesses included in this scheme are … Read more COVID-19 support for businesses

Limited Company Directors Support COVID-19

Limited company directors support COVID-19

With the support for Self-employed and the job retention scheme for employees, limited company directors could get caught in a gap between the two schemes. This group contains contractors, consultants and other off payroll workers whose services to an organisation are provided through a limited company or a personal services company. With the norm being … Read more Limited Company Directors Support COVID-19

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From AJR & Co Ltd