Latest Posts

Tax Diary May/June 2020

1 May 2020 - Due date for Corporation Tax due for the year ended 30 July 2019. 19 May 2020 - PAYE and NIC deductions due for month ended 5 May 2020. (If you pay your tax electronically the due date is 22 May 2020). 19 May 2020 - Filing deadline for

Read article

Furlough scheme extended to 30 June 2020

The Coronavirus Job Retention Scheme will now be available until at least 30 June 2020. Payments under the scheme can be backdated to 1 March 2020 for employees who met the eligibility criteria on that date. The scheme is designed to help employers

Read article

Self-employed Income Support Scheme

If you are self-employed and qualify for the Self-employment Income Support Scheme you will receive a cash grant from HMRC based on 80% of profits, up to £2,500 per month. The initial grant will be for the three months, from 1 March through to

Read article

Changes to holiday pay arrangements

Some important changes to holiday pay arrangements came into effect from 6 April 2020. This has seen the reference period for calculating holiday pay increase from 12 to 52 weeks. This change affects workers with no fixed or regular hours. It means

Read article

Aggressive rent collection banned

The government has announced the introduction of temporary new measures to protect commercial tenants on UK high streets from aggressive rent collection and closure during the Coronavirus pandemic. These measures will see statutory demands and

Read article

HMRC’s tax app

A free HMRC tax app is available and offers some useful functionality. The app has recently been updated. The APP can be used to see: your tax code and National Insurance number an estimate of the tax you need to pay your income and

Read article

Deferral of VAT payments update

It was announced at the end of March that VAT registered businesses have the option to defer any VAT payments due between 20 March 2020 and 30 June 2020. HMRC’s guidance for the deferral of VAT payments has been updated and states that you can

Read article

Reclaiming statutory sick pay

Under the Coronavirus Statutory Sick Pay Rebate Scheme, small-and medium-sized businesses and employers will be able to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The online service to reclaim SSP is not available

Read article

Expenses and benefits filing deadlines

The deadline for submitting the 2019-20 forms P11D, P11D(b) and P9D is 6 July 2020. Employees must also be provided with a copy of the information relating to them on these forms by the same date. P11D forms are used to provide information to HMRC on

Read article