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
By DBS In Blog, News, PayrollPosted 07/09/2020 Why should businesses consider outsourcing payroll? Payroll is a process many businesses need to undertake. Regardless of the number of employees a company has, payroll demands time, training and attention to detail. Here, we discuss nine reasons [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 02/09/2020 COVID-19 Update – 2 September – Kickstart Scheme The government are funding £2b to their new kickstart scheme designed to create high-quality 6-month work placements for 16-24 year-olds who are on Universal Credit and deemed to be at risk of [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 01/09/2020 COVID-19 Update – 1 September – 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 70% of wages up to a maximum cap of £2,187.50 for the [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 28/08/2020 COVID-19 Update – 28 August – Payment for people self-isolating in high-risk areas The government is implementing a new scheme where those who are on a low income, have to self-isolate and are unable to work from home in areas with a high incidence of COVID-19 will benefit from [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 27/08/2020 COVID-19 Update – 27 August – CJRS: Employers urged to get their data right HMRC has updated the guidelines for making a claim under the CJRS to indicate that files with details of 100+ furloughed employees will be rejected if not formatted correctly. Employers will be [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 25/08/2020 HMRC extends CGT 30-day reporting functionality From our previous new article, you should be aware that there is a new requirement to report and pay capital gains tax (CGT) on disposals of UK residential property within 30 days of completion [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 20/08/2020 COVID-19 update – 20 August – CBILS ‘extension’ and CJRS compliance activity. CBILS ‘extension’ Banks have been given extra time to distribute CBILS loans to medium and larger businesses. The British Bank has written to all lenders to say applications for the Coronavirus [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 19/08/2020 Engage early with HMRC on tax debts HMRC have released two policy papers giving guidance for taxpayers who are having trouble paying their tax on time: How HMRC treats customers who have a tax debt and How HMRC supports customers [...] 0 Read More