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100 towns to share £80m
30/09/2020 - More...
The Communities Secretary, Robert Jenrick, has announced that over 100 towns in England will each be given up to £1 million to kick start regeneration projects and give areas a boost. The funding to be received varies between £500k and £1m per town. The money will be available to help support projects such as new green spaces, the

Employee eligibility for Job Support Scheme
30/09/2020 - More...
The new Job Support Scheme will be introduced on 1 November 2020 as part of the government drive to help protect jobs where businesses are facing lower demand over the winter months due to coronavirus. This scheme has been designed to support viable jobs and employees must work at least one-third of their hours, paid as normal, in order

Employer eligibility for Job Support Scheme
30/09/2020 - More...
Employers across the country have generally welcomed the announcement of the new Job Support Scheme that will be launched for 6-months from 1 November 2020. The new Job Support Scheme has been designed to help those who are in work by allowing them to work reduced hours rather than joining the unemployment queue. Under the scheme,

PAYE settlement agreement payment reminder
30/09/2020 - More...
A PAYE Settlement Agreement (PSA) allows employers to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for your employees. The expenses or benefits included in a PSA must be defined as one of the following; minor - e.g. a small birthday present irregular - e.g.

Extended deadline for VAT payments
30/09/2020 - More...
The coronavirus VAT payment holiday gave businesses the chance to defer the payment of any VAT liabilities between 20 March 2020 and 30 June 2020. The option for businesses to defer their VAT payments ended on 30 June 2020. In delivering his Winter Economy Plan to Parliament, the Chancellor confirmed that businesses will now have the

Film & TV Production re-start rules
30/09/2020 - More...
At the end of July, the government announced the introduction of a new £500 million scheme to kickstart film and television production. The Film and TV Production Restart Scheme has now been launched and will help UK film and TV productions struggling to secure insurance for COVID-19 related costs. This scheme will help TV and film

The rules for MTD for Income Tax
30/09/2020 - More...
Making Tax Digital (MTD) will fundamentally change the way businesses, the self-employed and landlords interact with HMRC. The regime will require businesses and individuals to register, file, pay and update their information using an online tax account. The regime started in April 2019 for VAT purposes but only for VAT registered

Acas, CBI and TUC on handling redundancies
29/09/2020 - More...
Acas, the CBI and the TUC have issued a joint statement to employers on best practice for handling redundancy situations caused by the coronavirus pandemic. The statement recognises that employers may need to make redundancies in order to survive, but it urges them to exhaust all possible alternatives before doing so and to carry out

Which way to go?
29/09/2020 - More...
If your business has managed to negotiate the pandemic thus far without shedding staff you have probably made good use of the furlough scheme. Unfortunately, in recent months the Government’s contribution to furloughed costs has been reducing, and at the end of October the Coronavirus Job Retention Scheme (loosely referred to as the

New coronavirus-related measures impacting on the employment relationship
29/09/2020 - More...
The government’s latest advice, as confirmed in the COVID-19 Secure guidelines for different types of workplaces, is that office workers who can work effectively from home should do so over the winter. However, anyone else who cannot work from home should go to their place of work, but employers should consult with their staff to

Excuse v apology
28/09/2020 - More...
We have all been in situations where we have received bad service. For example, you place an order in a busy restaurant and notice that folks who had arrived after you were receiving their order before you. Time passes. Still no sign of your dinner. Stretched to its limit, your patience expires, and you call over the waiter who marches

The new Winter Economy Plan - Summary of Measures
24/09/2020 - More...
The Chancellor, Rishi Sunak, has today delivered a statement to the House of Commons outlining plans to help protect jobs across the UK whilst the country faces a resurgence of coronavirus and a winter of uncertainty. The Chancellor was facing mounting pressure to reveal future changes as many of the schemes and reliefs previously

Venues required to record contact details
23/09/2020 - More...
It has become a requirement for premises and venues across England to have a system in place to record contact details of their customers, visitors and staff. This move is intended to help trace people should a venue be linked to a coronavirus outbreak. The government has said that further guidance and, where necessary, regulations will

Changes to duty free shopping
23/09/2020 - More...
The government has published the new rules for duty free and tax free shopping that will come into effect from 1 January 2021. The changes are wide ranging. For anyone who smokes or drinks there will be no duty charged on alcohol or tobacco products from January 2021. This will apply irrespective of whether you are travelling to an EU or

Claiming tax relief for work related expenses
23/09/2020 - More...
Employees who need to buy equipment to use as part of their employment may be able to claim tax relief based on the cost of the equipment acquired. In most cases you can claim tax relief on the full cost of this type of equipment as it usually qualifies for a type of Capital Allowance called annual investment allowance. Any tax relief

Removing your home address from the public register
23/09/2020 - More...
Company directors and other eligible people such as company secretaries, people with significant control (PSC) and LLP members can apply to remove their personal addresses from the UK’s official company register on Companies House. Company directors and others are still required to provide an alternative correspondence address if they

Companies in partnership
23/09/2020 - More...
A Partnership is a relatively simple way for two or more legal persons to set up and run a business together with a view to profit. Partnerships can take many forms. Legal persons other than individuals can also be partners in a partnership. For example, companies may form partnerships with other legal persons including individuals, other

Definition of a potentially exempt transfer
23/09/2020 - More...
The majority of gifts made during a person's life are not subject to tax at the time of the gift. These lifetime transfers are known as 'potentially exempt transfers' or 'PETs'. These gifts or transfers achieve their potential of becoming exempt from Inheritance Tax if the taxpayer survives for more than seven years after making the gift.

When the cash basis is not available to a property business
23/09/2020 - More...
The cash basis scheme helps landlords, sole traders and other unincorporated businesses to benefit from a simpler way of managing their financial affairs. The scheme is not open to limited companies and limited liability partnerships. The entry threshold for the cash basis scheme is £150,000 and qualifying businesses can stay in the

Mothballing your business assets
22/09/2020 - More...
Mothballing as used in a business sense is usually defined as to stop using a piece of equipment or process, and then storing and preserving mothballed assets for later use. Many business owners are now faced with marshalling their resources in this way. There is a temptation to sell off assets that are under-utilised due to the present

Where is the silver lining?
22/09/2020 - More...
It is really difficult to maintain a sense of equilibrium and optimism in these difficult times. Even if you can embrace the notion that everything changes, and they do, the present restrictions on our daily business and home lives seem all consuming and never ending. Where is the silver lining, the light at the end of the tunnel? An

Tax Diary October/November 2020
22/09/2020 - More...
1 October 2020 - Due date for Corporation Tax due for the year ended 31 December 2019. 19 October 2020 - PAYE and NIC deductions due for month ended 5 October 2020. (If you pay your tax electronically the due date is 22 October 2020.) 19 October 2020 - Filing deadline for the CIS300 monthly return for the month ended 5 October 2020.

Free domestic abuse advice line for employers
16/09/2020 - More...
A new advice line for employers who are supporting employees experiencing or at risk of domestic abuse has been launched by domestic abuse charity Hestia. The Everyone’s Business Advice Line, which is being funded by the Home Office, will be a point of contact for employers, advising them on how to approach disclosures of domestic abuse

Coronavirus testing guidance for employers
16/09/2020 - More...
The government has published detailed new guidance for employers on the regulations and legal obligations relating to running internal workplace coronavirus (COVID-19) testing programmes, i.e. those which are outside of the NHS Test and Trace service. The guidance covers: legislation, regulations and best practice surrounding the

 

Latest News

100 towns to share £80m
30/09/2020 - More...
The Communities Secretary, Robert Jenrick, has announced that over 100 towns in England will each be given up to £1 million to kick start regeneration projects and give areas a

Employee eligibility for Job Support Scheme
30/09/2020 - More...
The new Job Support Scheme will be introduced on 1 November 2020 as part of the government drive to help protect jobs where businesses are facing lower demand over the winter

Employer eligibility for Job Support Scheme
30/09/2020 - More...
Employers across the country have generally welcomed the announcement of the new Job Support Scheme that will be launched for 6-months from 1 November 2020. The new Job Support

PAYE settlement agreement payment reminder
30/09/2020 - More...
A PAYE Settlement Agreement (PSA) allows employers to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for

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