News
Details of ‘Eat Out to Help Out’ scheme confirmed
12 July 2020
The Government has now confirmed details of the ‘Eat Out to Help Out’ scheme, announced by the Chancellor at his Summer Economic Update on Wednesday 8 July.
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Summer Economic Update
08 July 2020
When the Chancellor, Rishi Sunak, delivered his Spring Budget on 11 March to the packed benches of the House of Commons, the hope was that the economic impact of the Coronavirus outbreak would be ‘V-shaped’, with an immediate bounce back to prosperity.
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Don’t forget to make an SEISS claim by 13 July!
07 July 2020
Individuals eligible for the first Self-Employment Income Support (SEISS) grant must submit their claim by 13 July 2020.
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HMRC offers clarity on usual hours calculation for flexible furlough
03 July 2020
After some confusion regarding how flexible furlough should be calculated, HM Revenue & Customs (HMRC) has offered new guidance to help employers work out usual working hours. In its initial guidance, HMRC said that to work out how much support a business is entitled to through its furlough grant claim calculator, employers must...
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Coronavirus grants to businesses, employers and individuals are taxable
30 June 2020
We are reminding businesses, employers, employees and self-employed individuals that grants from the various Government schemes to provide support during the Coronavirus outbreak are taxable in the same way as other income. Payments made under schemes including the Coronavirus Job Retention Scheme (CJRS), the Self-Employment...
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Guidance published on repaying Coronavirus Job Retention Scheme overpayments
30 June 2020
HM Revenue & Customs (HMRC) has published new guidance detailing how employers can repay Coronavirus Job Retention Scheme (CJRS) grants if they have over-claimed and therefore received an overpayment. If an employer has received an overpayment and is making further claims, it can offset the overpayment against the amount...
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Key dates for Coronavirus support schemes
30 June 2020
With numerous Government schemes open to businesses and individuals to help deal with the impact of the Coronavirus outbreak, there are dozens of key dates to be aware of in the coming months, including: 30 June 2020 End date of the VAT deferral scheme. VAT Payments after this date must...
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Government publishes new ‘Covid Secure’ guidance
25 June 2020
The Government has published new ‘Covid Secure’ guidance following the announcement that businesses in England including pubs, bars, restaurants, hair salons, barbers, hotels and bed and breakfasts may reopen from 4 July 2020. The latest documents, prepared by the Department for Business, Energy and Industrial Strategy (BEIS) with...
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Remember to reinstate your VAT direct debit in time for your next payment
25 June 2020
If you are using the option to defer VAT payments due between 20 March 2020 and 30 June 2020 and you have cancelled your direct debit, you should now ensure that you reinstate your direct debit in enough time for HM Revenue & Customs (HMRC) to take your next payment. After 30 June 2020, you will need to make your VAT returns...
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HM Revenue & Customs clarifies repayments of Corporation Tax and anticipated losses
25 June 2020
With businesses across many sectors having been hit hard by the Coronavirus crisis, HM Revenue & Customs (HMRC) has now said it will, in exceptional circumstances, consider claims for Corporation Tax repayments for prior periods based on anticipated losses, even before the conclusion of the current accounting period.
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Case Studies
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Customer care is top of the list for packaging business
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A taste for growth, a thirst for knowledge
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Cut above the rest in personal management style
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Taxing demands with old school charm
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Sometimes a business does exactly as it says on the tin
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A shared passion for architecture and a head for numbers
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A modern approach required for music moguls
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Smiles all round for dental practice
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Child's play with proactive accounts management