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Updated 24th September 2020 The government also announced it will extend the temporary 15% VAT cut for the tourism and hospitality sectors to the end of March 2021. This will give businesses in the sector - which has been severely impacted by the pandemic - the confidence to maintain staff as they adapt to a new trading environment. In addition, up to half a million businesse ...

Updated 24th September 2020 The SEISS Grant Extension provides critical support to the self-employed. The grant will be limited to self-employed individuals who are currently eligible for the SEISS and are actively continuing to trade but are facing reduced demand due to COVID-19. Who is eligible? To be eligible for the scheme, self-employed individuals, including members of ...

Updated 24th September 2020 The Chancellor of the Exchequer has extended the government’s three Coronavirus business interruption loan schemes and the Future Fund. The extension aligns all the end dates of the schemes to 30 November, ensuring that there is further support in place for those who may need it. More businesses will now be able to benefit from the Coronavirus Busi ...

Released 24 September 2020 Chancellor Rishi Sunak has unveiled his winter economy plan, providing an update on current coronavirus support measures for individuals and businesses, and announcing the launch of a new Job Support Scheme. Key points of the statement include: the Coronavirus Job Retention Scheme (CJRS) will end as planned on 31 October 2020; a new Job Support ...

Updated 24th September 2020 The Chancellor, Rishi Sunak, has set out the government's new job retention measures in a statement to the House of Commons today. The furlough scheme will come to an end, as planned, on 31 October 2020. The new Jobs Support Scheme involves the government supporting the wages of people in work, giving employers the option to keep people in work on ...

HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on: Coronavirus Job Retention Scheme and what employers need to do from August onwards making sure you are paying the correct workplace pension contributions new laws to ensure furloughed employees receive full statutory redundancy payments the ...

As the UK prepares to fully leave the EU at the end of the year there are likely to be a number of VAT changes that may effect your business. Be prepared to leave:    https://www.gov.uk/transition-check/questions   Import goods from the EU to GB from 1-Jan-21 https://www.gov.uk/prepare-to-import-to-great-britain-from-january-2021   Export goods from GB to EU from 1-Jan-2 ...

HMRC guidance has been updated to identify examples of HMRC related phishing emails and bogus contact. Find out about websites, emails, letters, text messages and phone calls used by scammers and fraudsters to get your personal information  Use these examples to help decide if contact from HMRC is genuine. The examples show you the different methods fraudsters use to get you ...

Two self assessment deadlines are approaching: 5th October 2020 For those individuals who have not previously completed a tax return but need to report a liability for 2019/20. 31st October 2020 For those individuals who have previously submitted 'paper' self assessment tax returns the deadline for the 2019/20 return is 31 October 2020. Returns submitted after that ...

HMRC are inviting those individuals that are self employed or a member of a partnership and have been adversely affected by coronavirus to claim a second grant under the Self Employed Income Support Grant. Applications for the first grant under the scheme closed on 13 July 2020. The second and final taxable grant is worth 70% of an individual's average monthly trading profits ...