COVID-19: Government to cover employer NICs and pension contributions of furloughed workers
The Government has announced that it will cover employer National Insurance Contributions (NICs) and pension contributions of furloughed workers.Continue reading
HMRC: Self Assessment payment on account deferral scheme open to ALL taxpayers
The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.Continue reading
Applying for a Coronavirus Business Interruption Loan Scheme (CBILS)
Small to medium-sized businesses in the UK are now able to apply for finance via the Coronavirus Business Interruption Loan Scheme (CBILS) to help them deal with the operating costs of their business and to assist with maintaining cashflow.Continue reading
Businesses urged to apply for Companies House filing extension before deadline
Businesses affected by the COVID-19 pandemic are being urged to request a Companies House filing extension before the deadline.Continue reading
Deferring VAT – HMRC confirms businesses should cancel VAT direct debits
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to utilise the deferment offer.Continue reading
Enterprise Finance Guarantee scheme – eligibility restrictions for small businesses
The Enterprise Finance Guarantee (EFG) supports small businesses by providing finance to smaller businesses that cannot obtain finance from their lender because of insufficient security. The British Business Bank has now announced that a number of eligibility restrictions are in place because of the European Union’s (EU) state aid rules.Continue reading
Coronavirus: Government announces IR35 delay
The Government has announced that the IR35 tax reforms which were due to be implemented in April 2020 have been delayed for a year due to the ongoing coronavirus outbreak.Continue reading
Is your business ready for the payroll-year end?
With the payroll year-end fast approaching, you must ensure that your business is complying with the necessary payroll obligations.Continue reading
How does the new emergency coronavirus loan scheme work?
On Wednesday 11 March, the Chancellor revealed that the Government would launch an emergency loan scheme designed to support businesses affected by the Covid-19 outbreak.Continue reading
Entrepreneurs’ relief cut to £1 million in Budget
The Chancellor, Rishi Sunak, announced in yesterday’s Budget that entrepreneurs’ relief (ER) will be cut from £10 million to £1 million, effective immediately.Continue reading
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