27Aug
Accelerated loss relief for companies adversely impacted by Covid-19
The Covid-19 outbreak has had a huge impact on the economy, and in many cases has caused business owners to fall into a loss position. As a result, HMRC have […]
Blog
18Aug
Changes to the Coronavirus Job Retention Scheme (CJRS) from the 1st September
Just to remind you that from 1 September the CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do […]
04Aug
Applications open for second phase of self-employed income support
The second and final round of grants under the self-employed income support scheme (SEISS) open this month, offering a smaller lump sum grant. From 17 August 2020, self-employed individuals who […]
24Jul
Reminder regarding July payment on account
Income tax self assessment second payments on account are usually due by the 31 July 2020. HM Revenue & Customs are, however, allowing taxpayers to defer making their second payment […]
24Jul
Treasury launches in-depth review of Capital Gains Tax (CGT)
HM Treasury’s Office of Tax Simplification (OTS) has been instructed to carry out a review of capital gains tax (CGT) to identify simplification opportunities, and “ensure the system is fit […]
22Jul
Making Tax Digital
The Treasury has announced that it plans to expand the Making Tax Digital (MTD) reporting regime to all VAT-registered businesses from April 2022. At present, it only applies to those […]
08Jul
Summer Statement 2020
Today the Chancellor delivered a summer statement in the Commons presenting a financial package to support young people, help the housing market and improve the country’s struggling hospitality sector. Key […]
30Jun
VAT payment deferral period ends today
The VAT payment deferral period ends on 30 June 2020. Therefore, businesses liable to pay VAT need to – Please be aware that the VAT shown as due on a […]
22Jun
Covid-19 – ‘Exceptional circumstances’ for higher rate Stamp Duty Land Tax refunds
In England and Northern Ireland the purchase of a second home is subject to an additional amount of Stamp Duty Land Tax (SDLT) equating to 3% of the purchase price. […]
18Jun
Fiscal measures planned to promote COVID-19 recovery
Early in July, the Chancellor of the Exchequer will make some announcements intended to promote a post-coronavirus recovery. The emergency measures introduced by the Government to help workers during the […]
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