NEWS

Read our updates…

Coronavirus Job Retention Scheme

CORONAVIRUS JOB RETENTION SCHEME One major benefit that has been introduced by the Chancellor to protect jobs is the Coronavirus Job Retention Scheme (“CJRS”). Summary HMRC will reimburse 80% of ‘furloughed’ workers’ wage costs, up to a cap of £2,500 per employee per...

VAT Returns/Self-Assessment Tax Returns and Payments

VAT payment deferral Any VAT payments due on 10 April, 10 May and 10 June will not be collected by HMRC. No action is required by businesses – this will happen automatically. However! This is effectively just an interest free loan from HMRC and it will need to be...

Government Loans Available

There are currently 2 Government backed loans for those who need it.  It will hopefully enable businesses to continue to operate during this global pandemic.  Details of these two new loan schemes are being confirmed and an information campaign launched so that...

Employee Measures

Employee Measures If you haven’t already done so, you must ensure that your staff are aware of the measures you have in place to cope with virus-related problems, and to review the terms and conditions of their contracts. This will include your terms of sick pay and...

Self-Employed Grant Support

SELF EMPLOYED GRANT SUPPORT FACTSHEET GRANTS UNDER THE SELF-EMPLOYMENT INCOME SUPPORT SCHEME (CSEISS) – On 26 March 2020 the Chancellor announced a new grant scheme available to the self-employed and members of partnerships and have lost income due to coronavirus....

Coronavirus Update – 24th March 2020

Coronavirus Update – 24th March 2020

Yesterday the government announced new strict rules - the country has now gone into lockdown. To summarise, you can only leave your house for the following reasons : To visit a supermarket or chemist To undertake one form of exercise a day, alone or with members of...

IR35 UPDATE – URGENT 18 MARCH 2020

IR35 UPDATE – URGENT 18 MARCH 2020

In a surprise announcement in Parliament yesterday (17/03/20) , Chief Treasury Secretary Steve Barclay announced that the implementation of the new IR35 rules, which were due to come into effect in a few weeks’ time, have been postponed for twelve months. This...

March 2020 – Personal Tax Planning

March 2020 – Personal Tax Planning

We are getting closer to the end of the tax year on 5th April, so if you haven't fully thought about how you can minimise your personal tax, then below are our tax tips! Top personal tax tips: ISAs Cash ISA's are savings accounts that you never pay tax on the interest...

Civil Partnerships – could you benefit?

Civil Partnerships – could you benefit?

Unmarried but have lived with your partner for a long time? Civil Partnerships - Could you benefit from the changes in legislation? On 31st December 2019, the law was changed so that the facility to enter into a civil partnership was available to heterosexual couples....