By Tom Maxwell In Advice, Blog, NewsPosted 31/07/2020 COVID-19 Update – 31 July – Furloughed employees to receive full redundancy payments Today the government are introducing new legislation to ensure furloughed employees who are made redundant receive redundancy pay based on their normal salary rather than the reduced furlough [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 28/07/2020 COVID-19 Update – 28 July – How to claim money back through Eat Out to Help Out Scheme The government has released more guidance on how businesses can claim the money back for the discount that have been given to diners. If you have registered for the scheme, you will be able t [...] 0 Read More
By DBS In Advice, BlogPosted 27/07/2020 The Importance of Having a Will Setting up a will is one of the most important things you can do during your lifetime. It legally protects your children, assets and property, and will also determine how your estate is handled [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 27/07/2020 COVID-19 Update – 27 July – VAT rate cuts for hospitality HMRC have now issued guidance on for the temporary 5% reduction of VAT to support the hospitality sector and here is what we know. The reduced rate will apply from the 15 July 2020 to 12 January [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 27/07/2020 COVID-19 Update – 27 July – Deadline approaches for reporting CGT on UK residential property To avoid a penalty, you must report and pay any Capital Gains Tax on disposals of UK residential property within the new rules by 31 July. The new requirement to report and pay capital gains tax [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 22/07/2020 COVID-19 Update – 22 July – Capital Gains Tax and Making Tax Digital Capital Gains Tax Under Review The Chancellor has asked the Office of Tax Simplification (OTS) to carry out a review of CGT to identify simplification opportunities. Inevitably, as the cost of [...] 0 Read More
By DBS In Advice, BlogPosted 16/07/2020 How to make the most of R&D Tax Relief? R&D Tax Relief is available to help innovative organisations reduce their tax bill. There are many reasons why organisations do not make the most of this opportunity. Some businesses may not [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 15/07/2020 COVID-19 Update – 15 July – Warning of increase in tax-related telephone scams With July income tax payments on account coming up (but deferrable) and with reference to deferred business taxes and furlough claims etc, it is worth reiterating the need for vigilance against [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 14/07/2020 COVID-19 update – 14 July – VAT reductions The government have released more information on the temporary VAT reductions and here is what we know. The temporary 5% reduced rate will apply to certain supplies relating to hospitality, hotel [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 13/07/2020 COVID-19 Update 13 July – Bounce back loans and Furlough error amnesty Bounce Back Loans The ease of application and minimal checks for the Bounce Back Loan (BBL) along with the understanding that sanctions for ‘wrongful trading’ have been suspended temporarily, has [...] 0 Read More