CJRS: Deadline for November claims fast approaching

Claims under the Coronavirus Job Retention Scheme (CJRS) for November must be submitted no later than 14 December 2020, it has been cautioned.Continue reading→

New Companies House rules to “crack down” on corporate fraud

UK businesses still have ‘unanswered questions’ on post-Brexit rules

UK businesses are still unclear on which rules and regulations will apply to them once the Brexit transition period ends, according to data from the British Chambers of Commerce (BCC).Continue reading→

HMRC temporarily suspends activation code requirement for new Self Assessment taxpayers

New Self Assessment taxpayers will no longer need to wait for an activation code to be sent in the post before they can access their personal tax account, it has been revealed.Continue reading→

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→