Second grant payment available under SEISS

Did you see that there will be a second grant payment available under the Self-Employed Income Support Scheme (SEISS)? Along with the updated Coronavirus Job Retention Scheme rules, the details surrounding the second (and final) payment for the Self-Employed Income...

‘Phase 2’ of the furlough scheme

It has been 6 weeks since the portal opened which allowed businesses to reclaim their wage cost for all staff members they have ‘furloughed’. As HMRC allowed us as agents (unlike with the self-employment income scheme claim) the ability to submit the claims on our...

VAT payment deferral initiative

We recently posted about the VAT payment deferral initiative which applies to all VAT registered businesses. It currently covers the period 20 March 2020 to 30 June 2020, meaning that any VAT payment due for VAT returns covering a period ending 28 February 2020, 31...

How is COVID-19 impacting on pensions?

I read an article this morning about the impact of the coronavirus pandemic on global stock markets and how this has affected pensions in the UK.  According to the latest Moneyfacts UK Personal Pension Trends Treasury report, the average UK pension fund value fell by...

Working from home during COVID-19

The 246th edition of our Active Practice Updates – Working from home during COVID-19 is available to download here Areas covered in this edition include: Homeworking rules Household expenses Weekly tax limits Hardship and accommodation Reporting benefits to HMRC Could...