09-07-2020
Summer Statement
The Chancellor, Rishi Sunak continued with his campaign to support the business and jobs community today, 8 July 2020, as firms engage with the disruption caused by the coronavirus … read more
08-07-2020
Tax Credits updates required this month
Families and individuals that receive tax credits should ensure that they review their tax credit claims by 31 July 2020. Claimants who do not inform HMRC about relevant changes in … read more
08-07-2020
Reminder of businesses opening since 4 July 2020
A reminder that since 4 July 2020, many business sectors have been given permission to reopen in England. The businesses are expected to follow COVID-19 secure guidelines.
The … read more
08-07-2020
Reminder of businesses not opening 4 July 2020
There are business sectors that have not yet been given permission to reopen in England. There has been no indication given as to when these businesses will be able to … read more
08-07-2020
UK VAT claims by non EU businesses
There are special rules for businesses established outside the EU submitting a claim for VAT incurred on goods or services bought in the UK. The exact rules that determine what VAT … read more
08-07-2020
Finance Bill 2020 progress
The government’s Finance Bill 2020 (formally known as Finance Bill 2019-21) has now completed its passage through the House of Commons and the 1st reading at the House of … read more
08-07-2020
SEISS further update
HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and 76, which modifies and extends the effect of the Self-Employment Income … read more
08-07-2020
Corporate Insolvency and Governance Bill receives Royal Assent
The Corporate Insolvency and Governance Act 2020 (the Act) received Royal Assent, with most provisions coming into force on 26 June 2020. The Act addresses numerous issues arising … read more
08-07-2020
Reclaiming VAT after deregistration
Businesses can close a VAT registration for two main reasons. For example, the business has stopped making taxable supplies or a voluntary deregistration can be made by businesses … read more
07-07-2020
Redundancy process map
Acas has published a process map for employers who are having to consider making redundancies due to coronavirus. The interactive tool has been designed to help employers better … read more
06-07-2020
The new reality
It may be some time before we could state with some certainty that it was back to business as usual; usual being the business environment before the arrival of Coronavirus.
What … read more
06-07-2020
What is working capital?
Accountants would say that working capital is the difference between current assets and current liabilities. It is the capital of a business used in day to day trading … read more
01-07-2020
Updated HM Treasury instructions re: CJRS
On 26 June 2020, the Chancellor, Rishi Sunak made a further (third) Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the Coronavirus Job Retention … read more
01-07-2020
Government support for pubs, cafes and restaurants
The government has confirmed a further easing of lockdown as pubs, cafes, restaurants, hotels, hairdressers and cinemas have been given permission to reopen in England from 4 July. … read more
01-07-2020
Financial help for debt advisers
The government has announced that an extra £37.8 million will be made available to support debt advice providers during 2020-21. The distribution of the money will be … read more
01-07-2020
Reporting Capital Gains on residential property
The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed from 6 April 2020. This change means that any CGT due on the sale … read more
01-07-2020
Vehicle MOT dates
The government has announced that mandatory MOT tests for car, motorcycle and van owners in England, Scotland and Wales are to be reintroduced from 1 August 2020. This means that … read more
01-07-2020
Trusts and CGT
A trust is an obligation that binds a trustee, an individual or a company to deal with the assets such as land, money and shares which form part of the trust. The person who places … read more