A House of Lords committee report that is reviewing the planned changes to the IR35 off-payroll working rules has called for a reform of the rules, stating that there are ‘inherent flaws’ in the legislation.
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We are all living through extraordinary times. And although a great many things have changed in recent weeks, there’s one important thing that remains the same…. We are still here to support you and your business. We are doing our bit to support our key workers in the front line by working remotely from home.…
The Chancellor has announced a new loans measure, known as the Bounce Back Loans Scheme (BBLS), which will allow small businesses to borrow up to 25 per cent of their turnover, up to a maximum of £50,000. The BBLS will be 100% backed by a Government guarantee, unlike the Coronavirus Business Interruption Loan scheme (CBILS)…
Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed.
Some sectors that receive payments from the Government as well as from private sources have seen their access to the Coronavirus Job Retention Scheme (CJRS) restricted. The CJRS allows employers to retain employees on the PAYE Payroll who are not carrying out work for them by placing them on furlough and to claim a grant…
It is common for directors of limited companies, who are also shareholders, to receive much of their income in the form of dividends instead of through a salary, owing to the tax benefits this can entail. However, there are strict rules governing the circumstances in which a company may pay a dividend to its shareholders,…
Book your free coronavirus test online For the Government to begin the process of lifting the lockdown they need to undertake more test to understand what proportion of the UK public is immune and to ensure those most at risk can be protected. As such, the Health Secretary Matt Hancock has announced that from 24…
In response to the COVID-19 outbreak, the Government is making temporary changes to customs policy and authorisations. These amendments to existing policies are most likely to affect businesses authorised, or applying to be authorised by customs, that use temporary storage or customs special procedures such as inward processing or customs warehousing, operate using simplified declarations…
HM Revenue & Customs (HMRC) is expected to release a new online service to help companies reclaim Statutory Sick Pay (SSP) that has been paid as a result of COVID—19. As such, it has updated its guidance on its website to help businesses prepare to reclaim SSP. The Coronavirus Statutory Sick Pay Rebate Scheme will…