HMRC launches new VAT deferral scheme

Nov 25, 2020 | COVID 19, VAT

Businesses that took up HMRC’s offer to defer some or all of their VAT liability due for payment between 20 March and 30 June 2020 are to be given more time to pay. Originally, the terms of the offer required the deferred VAT to be paid in full by no later than 31...

Full details of third SEISS grant announced

Nov 25, 2020 | COVID 19

In an earlier announcement, the government outlined the key points of the third self employment income support scheme (SEISS) grant. Now we have the full details – what are they?    Third grant. The grant is payable for the three month period beginning on 1...

Job Retention Scheme update

Nov 11, 2020 | COVID 19, Payroll

The Coronavirus Job Retention Scheme has been extended and will remain open until 31 March 2021. Claims will now need to be submitted by the 14th of the following month. If this falls on the weekend, claims should be submitted the next working day. Claims are still...

Furlough has been extended

Nov 2, 2020 | COVID 19, Payroll

Following the new lockdown restrictions announced by Boris Johnson on Saturday, the new Job Support Scheme has not been launched for November as originally planned. Instead, the furlough scheme has been extended to December. The guidance states that the Government...

Job Support Scheme has changed

Oct 23, 2020 | COVID 19, Payroll

Rishi Sunak announced changes to the Job Support Scheme (JSS) yesterday one week before the scheme is set to start. The updated scheme is now more generous than previously planned with employees receiving up to 73% of their usual wage for working a minimum of 1/5 of...

More grants for the self-employed

Oct 23, 2020 | COVID 19

HMRC has published guidance on two new coronavirus- related grants for the self-employed that it will be administering. The bad news is that the deadline for claiming the second Self Employment Income Support Scheme (SEISS) grant passed on 19 October. The good news is...