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Agent update April 2020

HMRC has released the latest bi-monthly issue of the 'Agent Update' publication which includes summaries of recent changes and updates that have been announced. The document, which is aimed at taxation and accountancy practitioners, includes

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Companies House support for businesses

Companies House has confirmed that businesses will be provided with additional support to help them meet their legal responsibilities in light of the COVID-19 outbreak. The measures include the following: Companies House will temporarily pause

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VAT Road Fuel Scale Charges

The new VAT road fuel scale charges have been published. The changes amend the VAT scale charges for taxing private use of road fuel to reflect changes in fuel prices. The new fuel scale charges must be used by companies from the start of their next

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Coronavirus Job Retention Scheme extended

The Chancellor of the Exchequer, Rishi Sunak, has announced today (17 April 2020) that the Coronavirus Job Retention Scheme is to be extended by one month until the end of June. This announcement will help provide many businesses with more certainty

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Coronavirus Job Retention Scheme update

The government has confirmed a number of important of announcements regarding the eligibility requirements for using the Coronavirus Job Retention Scheme and the opening of the online portal for applications. The date on which employees can be

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New guidance on social distancing in the workplace

The government has published sector-specific guidance for employers in England on social distancing in the workplace during coronavirus (COVID-19). The guidance covers how social distancing and other measures might be implemented by employers to

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What is overtrading?

Once the present lock-down is eased, those businesses that have manged to weather the disruption will be eager to start selling. Sales will be the indicator that receives the most attention; sole-traders, partners and directors will be out of their

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Cost v investment?

There is a temptation to treat expenditure as a cost. The Cambridge Online dictionary defines cost as: “The amount of money needed to buy, do, or make something” What this definition does not do is to expose the difference between a

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£750m support for charities

The Chancellor, Rishi Sunak, has announced an additional £750m of funding for front-line charities to help them to continue their vital work during the COVID-19 pandemic. The £750m is made up of a direct allocation of £360 million

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Employees that can be furloughed

As we have written about previously, the Coronavirus Job Retention Scheme (CJRS) provides significant government support to allow employers to furlough employees and apply for a grant that covers 80% of their usual monthly wage costs, up to

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