Key dates for Coronavirus support schemes
With numerous Government schemes open to businesses and individuals to help deal with the impact of the Coronavirus outbreak, there are dozens of key dates to be aware of in the coming months, including: 30 June 2020 End date of
Read more...Guidance published on repaying Coronavirus Job Retention Scheme overpayments
HM Revenue & Customs (HMRC) has published new guidance detailing how employers can repay Coronavirus Job Retention Scheme (CJRS) grants if they have over-claimed and therefore received an overpayment. If an employer has received an overpayment and is making further
Read more...Coronavirus grants to businesses, employers and individuals are taxable
We are reminding businesses, employers, employees and self-employed individuals that grants from the various Government schemes to provide support during the Coronavirus outbreak are taxable in the same way as other income. Payments made under schemes including the Coronavirus Job
Read more...Food and drink ‘bounce back’ plan launched
The Government has announced it has launched a plan that will ‘turbocharge’ the export efforts of the UK’s food and drink businesses by giving them ‘unprecedented help’ to capitalise on new trade agreements. The so-called ‘bounce back’ plan was jointly
Read more...Employers given 30 days to confess to furlough fraud
Employers will be given 30 days to ‘confess’ to furlough abuses, with legislation being fast-tracked to allow HM Revenue & Customs (HMRC) to reclaim any furlough grant that is overpaid to employers, or that is not spent on wages as
Read more...HM Revenue & Customs clarifies repayments of Corporation Tax and anticipated losses
With businesses across many sectors having been hit hard by the Coronavirus crisis, HM Revenue & Customs (HMRC) has now said it will, in exceptional circumstances, consider claims for Corporation Tax repayments for prior periods based on anticipated losses, even
Read more...Remember to reinstate your VAT direct debit in time for your next payment
If you are using the option to defer VAT payments due between 20 March 2020 and 30 June 2020 and you have cancelled your direct debit, you should now ensure that you reinstate your direct debit in enough time for
Read more...Government publishes new ‘Covid Secure’ guidance
The Government has published new ‘Covid Secure’ guidance following the announcement that businesses in England including pubs, bars, restaurants, hair salons, barbers, hotels and bed and breakfasts may reopen from 4 July 2020. The latest documents, prepared by the Department
Read more...UK and EU farmers unite in calling for free trade agreement
Farming organisations from across the European Union have joined with the UK’s National Farmers Union (NFU) in its call for an urgent breakthrough in trade talks to establish a UK/EU free trade agreement. The call came during a virtual meeting
Read more...Employees returning from parental leave continue to be eligible for furlough scheme
Employees returning from statutory maternity and paternity leave in the next few months will remain eligible for furlough through the Coronavirus Job Retention Scheme (CJRS). Since 10 June, it has no longer been possible to furlough an employee for the
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