New grants available to businesses in local lockdown areas

local lockdown grants COVID-19

If your business is located in England and in an area designated for local lockdown, then you may be eligible to receive a new support grant announced 9 September 2020. What the government has said Businesses in England required to close due to local lockdowns or targeted restrictions will now be able to receive grants … Read more New grants available to businesses in local lockdown areas

Working families affected by Coronavirus

Tax free childcare

Working families, who are eligible for Tax-Free Childcare or 30 Hours Free Childcare but have temporarily fallen below the minimum income requirement as a result of the pandemic, will continue to receive financial support until 31 October. Critical workers who may exceed the income threshold for the 2020-21 tax year, as a result of working … Read more Working families affected by Coronavirus

Tax Credits Renewal 2020

Tax Credits renewal 2020

Time to Renew Tax Credits HM Revenue and Customs (HMRC) is reminding tax credits customers that they need to tell HMRC about any changes in their circumstances or income by 31 July. Tax credits help working families with targeted financial support so it is important that people don’t miss out on money that they are entitled to. Renewing tax credits online is quick … Read more Tax Credits Renewal 2020

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

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From AJR & Co Ltd