News

Upcoming key dates for the Coronavirus Job Retention Scheme
23 July 2020

In the next few weeks, employers may need to submit additional information or change the way they manage their Coronavirus Job Retention Scheme (CJRS) claims. To help you prepare, here are some key dates and actions you may need to take: 31 July 2020 – Submit your CJRS claim for periods ending on or before 30‌‌‌ ‌June 2020.
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Paying for COVID-19: Government begins exploring tax take back
23 July 2020

The Chancellor, Rishi Sunak, has commissioned the Office of Tax Simplification (OTS) to undertake a review into how Capital Gains Tax (CGT) is paid by small businesses and individuals. It is estimated that the UK Government has already incurred hundreds of billions of pounds in costs in its economic fight against the Coronavirus...
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Government confirms the next steps for the digitisation of taxation
23 July 2020

The Treasury has released new details on the next steps it intends to take as part of its long-term tax digitisation plan. Its timeline for a modernised digital tax system will see HM Revenue & Customs’ (HMRC) Making Tax Digital (MTD) programme gradually extended over the next few years to cover most businesses.
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Government publishes detailed guidance on SDLT holiday
17 July 2020

During his Plan for Jobs announcement, the Chancellor Rishi Sunak announced a temporary eight-month cut in Stamp Duty Land Tax (SDLT) that ensures there is not a charge on ‘any’ residential property transactions with a value under £500,000. The Government has achieved this by immediately lifting the lower SDLT nil rate band from...
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HM Revenue & Customs confirms first arrest in connection with furlough fraud
17 July 2020

HM Revenue & Customs (HMRC) has revealed that a 57-year-old man from Solihull in the West Midlands was arrested on 8 July on suspicion of a £495,000 furlough fraud relating to claims from the Coronavirus Job Retention Scheme (CJRS). HMRC says he is the first person to have been arrested in connection with fraudulent claims...
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Reminder: Deferral of second payment on account
17 July 2020

Those facing financial difficulty as a result of COVID-19 are being reminded that they can defer their second 2019/20 self-assessment payment on account, normally due at the end of July, until 31 January 2021. To benefit from this deferral, taxpayers do not need to contact HMRC. Simply by not paying their tax bill due by 31 July...
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HM Revenue & Customs updates Self-Employment Income Support Scheme guidance
17 July 2020

Ahead of the second round of funding for the Self-Employment Income Support Scheme (SEISS) opening for applications on 17 August, HM Revenue & Customs (HMRC) has updated its guidance documents relating to the scheme. The first round of applications for SEISS grants closed on Monday 13 July 2020 and had allowed self-employed...
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Coronavirus apprenticeships guidance updated
17 July 2020

Updated guidance from the Department for Education on apprenticeships during the Coronavirus crisis has been published and contains a number of announcements relating to employment arrangements for apprentices. These updates include confirmation that: Apprentices aged 19 and older can begin to resume on-site training;Apprentices...
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Download our updated Coronavirus Support grids
17 July 2020

Following the Chancellor’s Summer Economic Update on Wednesday 8 July, we have comprehensively updated our Coronavirus Support Grid and our Coronavirus Support Timeframes. Together, the grids offer a helpful overview to the support available at any given time, with substantial changes to the availability of different...
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Guidance on hospitality and tourism VAT cut published
12 July 2020

HM Revenue & Customs (HMRC) has published guidance on temporary cuts to the rate of VAT from 20 per cent to five per cent from Wednesday 15 July 2020 to 12 January 2021 for certain goods and services in the hospitality and tourism sectors.
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