E-publications get VAT boost

May 5th, 2020

From 1 May 2020, VAT on e-publications has been scrapped. Good news for those of us who subscribe to newspapers online or buy books to read on electronic devices. The change will potentially slash the cost of e-books and newspapers making reading more accessible as people stay at home. Newspapers will also benefit from up […]

Coronavirus – Business update 4 May 2020

May 4th, 2020

Low interest rates announced for Bounce-Back Loan Scheme (BBLS) This new scheme announced last week, was the subject of a letter from the Chancellor (1 May 2020) to the accredited lenders who have been instructed to facilitate the scheme since 4 May 2020. In his letter he said: In my statement to the House of […]

Do not forget to file returns for benefits and expenses

April 30th, 2020

Aside from the plethora of schemes to support businesses during the coronavirus disruption, employers should not forget that there is a raft of filing obligations that still need to be met. This post lists the various employer reporting obligations regarding employee benefits and expenses for 2019-20.   The following table is reproduced from the government […]

Aggressive rent collection to be banned

April 28th, 2020

High street shops and other companies under strain will be protected from aggressive rent collection and asked to pay what they can during the coronavirus pandemic. In a recent press release a government spokesperson said: “The majority of landlords and tenants are working well together to reach agreements on debt obligations, but some landlords have […]

Carry-over of unused annual leave

April 23rd, 2020

The rules that would have limited the rights of employees in key industries to carry forward any unused annual leave will be delighted by the announcement made two weeks ago. This will mainly apply to workers in key industries such as food and healthcare. Workers who have not taken all of their statutory annual leave […]

COVID-19 – support grants and loans update

April 21st, 2020

This week has seen a flurry of changes to the various government support schemes. We have summarised a few in this article. Coronavirus Job Retention Scheme (CJRS) The HMRC portal – where you formally register your claim – should be live as from 20 April 2020. HMRC have published a “user” guide to the claims […]

Coronavirus – Business update

April 20th, 2020

Coronavirus Job Retention Scheme (CJRS) Employers will be relieved that the waiting is over, as of 5.30am this morning (20 April 2020), they can login to HMRC’s new portal and claim their CJRS rebate for the first pay periods. HMRC have promised that money will be in employers’ bank accounts within six working days of […]

Safety first options for manufacturing and retail sectors

April 16th, 2020

Both of these sectors require people to work in close proximity to each other. Government has issues broad guidelines to reduce the risks for workers from Coronavirus. Manufacturing and processing businesses Manufacturing plays an important role in the economy. It can continue if done in accordance with the social distancing guidelines wherever possible. Where it […]

More Coronavirus tax support options

April 15th, 2020

Apart from the main business and personal tax reliefs that have received publicity in the past few weeks, a number of supplementary support items have been introduced. We have highlighted two in this post.   Claiming Child Benefits for new-borns General Register Offices are currently operating with reduced capacity and with government guidance to social […]

Tax planning options for 2020-21

April 9th, 2020

The 6th April marks the beginning of a new tax, and for the coming year, unprecedented challenges. As with most things in life, problems are a necessary precursor to finding solutions. We have listed below a few reminders of the issues you may want to consider as worthy of including in your 2020-21 tax planning […]