HMRC may waive penalties on late corporation tax returns caused by Covid-19 disruption, ICAEW reveals
HM Revenue & Customs (HMRC) may waive penalties for businesses who file late corporation tax returns as a result of Covid-19 disruption, it has been revealed.Continue reading
Coronavirus: Pubs in tier two and three areas set to receive new £1,000 grant funding
Pubs that principally serve alcohol in tier two and three areas are set to receive additional financial support over the Christmas period following an announcement by the Government.Continue reading
COVID-19: Time is running out to make November furlough claims
Businesses have just days left to make a claim for staff furloughed in November, with the deadline ending on 14 December 2020.Continue reading
Advisory Fuel Rates: updates from 1 December 2020
HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to one month from the date of the new rates. Continue reading
Failure to secure EU data adequacy decision could cost small businesses billions, study reveals
Data processing could cost small businesses up to £1.6 billion should the UK fail to show the EU that it has adequate levels of data protection, a major study has revealed.Continue reading
Self-employed profits must be “significantly reduced” to claim third SEISS grant, says HMRC
Self-employed workers’ profits must be “significantly reduced” in order to claim the third instalment of the Self-Employment Income Support Scheme (SEISS), it has been revealed.Continue reading
Key Capital Gains Tax changes for Self-Assessment taxpayers to be aware of
HM Revenue & Customs (HMRC) is reminding self-assessment taxpayers of key Capital Gains Tax (CGT) changes that they need to be aware of before 31 January 2021.Continue reading
HMRC’s amended guidance on late furlough claims
On 19 November 2020, the Government amended its guidance to give examples of what is meant by a ‘reasonable excuse’, for submitting furlough claims past the deadline.Continue reading
Businesses urged to file annual accounts early and “go paperless” to avoid Covid-19 disruption
Companies House has urged businesses to file their annual accounts earlier than usual to avoid “last minute” disruption caused by the coronavirus.Continue reading
HMRC to investigate Eat Out to Help Out scheme claimants
Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure that money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced.Continue reading
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