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Coronavirus - Homeworkers' Expenses

Coronavirus (COVID-19) Update: Homeworkers' Expenses The government has introduced a temporary tax and National Insurance exemption to ensure that home office equipment purchased by employe... more


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Tax-free Personal Allowance

Q. I have a part time job and I earn about £9,000 a year. As my earnings are less than the tax-free personal allowance, can I transfer the unused amount to my husband? A. A spouse o... more


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Flat Rate Scheme for VAT

Q. I have recently registered for VAT. Although my turnover is only just above the VAT registration threshold, I anticipate that it will now increase year-on-year. How does the flat rate scheme for... more


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Coronavirus - Impact to Directors of Limited Companies

Q. I am the director of a limited company and due to the impact of the coronavirus, I will need to waive my entitlement to company dividends for the time-being. Are any formal waiver procedures nec... more


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Coronavirus - Sick Pay

Coronavirus - Sick Pay Employees who follow the Government advice on self-isolating and have to stay at home and cannot work as a result, will be eligible for Statutory Sick Pay (SSP) from day ... more


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Coronavirus - IR35 Private Sector

Coronavirus - IR35 Private Sector The Government announced that they are now delaying the introduction of the new private sector IR35 system until 1st April 2021, Assuming there are contrac... more


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Coronavirus - Business Interruption Loan Scheme

Coronavirus - Business Interruption Loan Scheme This will be launched next week by the British Business Bank to support businesses to access bank lending and overdrafts. The government will pro... more


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Coronavirus - Business Insurance

Coronavirus - Business Insurance Businesses that have cover for both pandemics and government ordered closures should now be covered, on the grounds that the government and the insurance indust... more


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Coronavirus - Business Rates

Coronavirus - Business Rates There is a 12 month business rate holiday for retail, hospitality and leisure businesses for the 2020/21 tax year in England. A £25,000 grant will be provided... more


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Coronavirus - Companies House

Coronavirus - Companies House If COVID-19 has affected your company and you need more time to file your accounts, you should act before your filing deadline. All companies must send their a... more


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Coronavirus - Tax

Coronavirus - Tax All businesses and self-employed people in financial difficulties and with outstanding tax obligations, may be eligible to receive support from HMRC through the Time To Pay ar... more

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159
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Coronavirus - VAT

Coronavirus - VAT HMRC have initiated a VAT deferment procedure, however the situation is fluctuating each day so could change. If you are having financial difficulties due to the coronavirus t... more

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118
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Budget update 2020-Legislation for a UK ETS

Legislation for a UK ETS HM Treasury is to be given power to establish a UK Emissions Trading System (UK ETS), which could be linked to the EU ETS, or a standalone UK ETS. This power means that... more


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Budget update 2020-Tax treatment of certain Scottish social security benefits

Tax treatment of certain Scottish social security benefits The tax treatment of three new social security benefits introduced by the Scottish Government is to be clarified. more


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Budget update 2020-Introduction of changes to protect tax in insolvency

Introduction of changes to protect tax in insolvency From 1 December 2020, when a business enters insolvency, more of the taxes paid in good faith by its employees and customers, and temporaril... more

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