Covid-19 Information
‘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...
Are you self-employed? Your COVID-19 income support wait is nearly over…
The wait is nearly over for the coronavirus self-employed income support scheme that was announced back in March. Even though HMRC have stated it will be not ready to accept claims until 13 May, you can now check your eligibility using their online tool. HMRC should...
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...
Don’t forget about your Auto Enrolment duties
Recent communications from The Pensions Regulator have highlighted something that perhaps many business owners do not currently have high on their radar at present. That is the need, even in these difficult times, to still fully comply with the Auto Enrolment rules...
Covid-19 Financial support plans for businesses
Following the government announcing their financial support plans for businesses they have published dedicated pages detailing their initiatives. More details can be found on the following .gov pages: https://www.businesssupport.gov.uk/coronavirus-business-support/...
What a week – COVID-19 business support round-up
Well, what a week it has been. Due to the impact of the coronavirus you are likely to have experienced a very different weekly routine. You may have had to turn your hand to teaching or adjust to the practicalities of you (and maybe your staff) working from home – or...
VAT Payment Deferral
At the time of writing, we are still awaiting more detail on many of the announced Government reliefs in relation to COVID-19. However, details are available for an essential cashflow lifeline, the vat payment deferral available to you if you cannot pay your upcoming...
Market Uncertainty
In the last few weeks investment markets have seen a dramatic return to extreme volatility, with global equity markets suffering large falls in value. We continue to monitor events, but we thought it perhaps prudent to at least give you an idea of our thoughts at this...
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