By Tom Maxwell In Advice, Blog, NewsPosted 01/10/2020 COVID-19 Update – 1 October – Changes to CJRS We would like to remind you that the changes to the Coronavirus Job retention Scheme come into effect today. The government will only pay 60% of wages up to a maximum cap of £1,875 for the hours [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 30/09/2020 COVID-19 Update – 30 September – Self-Employment Income Support Scheme (SEISS) further grant conditions The government recently announced they will extend the SEISS but details the eligibility criteria will change for the third and fourth grants. HMRC has released a factsheet detailing the [...] 0 Read More
By Tom Maxwell In Advice, Blog, Business BitesizePosted 28/09/2020 Business Bitesize – Results Matter Most From March 2020 the way we work changed, possibly forever. Overnight the business world was faced with the challenge of their people working from home. So how has your business adjusted to the [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 24/09/2020 COVID-19 Update – 24 September – Job Support Scheme What is it? The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 24/09/2020 COVID-19 Update – 24 September – New measures to support jobs and businesses in Winter Economy Plan Today the government have announced the “winter economy plan”, including a new Job Support Scheme, where partial wages of some workers will be paid by the government and an extension to the [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 22/09/2020 New guidance on VAT and early termination fees and clarification on zero VAT rating of digital ads for charities New guidance on VAT and early termination fees HMRC has changed their guidance for businesses charging customers a fee to withdraw from a supply agreement, following decisions in the EU Court of [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 16/09/2020 COVID-19 Update – 16 September – Changes to CJRS usual hours calculations After much confusion on how to calculate an employee’s usual hours, HMRC has released new guidance on how to perform these calculations where employees come off furlough or flexible furlough [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 16/09/2020 COVID-19 Update – 16 September – R&D Tax Relief and Furloughed Employees HMRC have confirmed how costs relating to furloughed employees should be treated for the purposes of R&D tax relief schemes. Furloughed employees where CJRS grant has been claimed With the [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 10/09/2020 COVID-19 Update – New grants for businesses hit by local lockdowns The government has announced further support to help businesses that have had to shut down due to local lockdowns or targeted restrictions. Where this applies businesses in England will be able [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 10/09/2020 HMRC letters regarding undeclared foreign income, assets or gains Some taxpayers are receiving letters from HM Revenue & Customs suggesting that they may have undeclared foreign income, assets or gains. These letters have been generated as a result of the [...] 0 Read More