Entries by catfi5h

Are you ready for 1st January 2021?

When we wake up in 2021, we will no longer be in transition; we will be out of the European Union and have to cope with a wide range of regulatory changes if you sell or buy services or goods to EU customers and suppliers. “YOU NEED TO ACT NOW” was the circular recently sent […]

Furlough claims from 1st November 2020

If you are making claims under the extended furlough scheme from 1st November 2020, there have been changes in the claims process. Perhaps the most significant is that claims need to be registered within 14 days of the relevant period’s end. In their revised guidance on this topic, HMRC says: You can claim before, during, […]

Start preparing for Post-Brexit VAT

2020 has been a year full of several challenges for small businesses. The coronavirus pandemic has left many small businesses vulnerable. With serval businesses looking to bounce back, there is now the impending Brexit to contend with. The United Kingdom will leave the Single Market on 31st December 2020. When it does so, it will […]

Coronavirus Bounce Back Loan – Top Up

The Bounce Back Loan Scheme (BBLS) enables you to borrow between £2,000 and up to 25% of your turnover. The maximum loan available is £50,000. The scheme is open to applications until 31st January 2021. If you already have a Bounce Back Loan but borrowed less than you were entitled to, you can top up […]

Extension to furlough: Here’s what we know so far

On Saturday night, Prime Minister Boris Johnson announced that the Job Retention Scheme would be extended. The initiative will continue to pay up to 80% of the wages of staff unable to work due to the effects of the coronavirus pandemic. It will continue in place of the Job Support Scheme (JSS), which was due […]

Changes To Commercial Vehicle Rules

The Court of Appeal has made its final ruling on Payne, Garbett and Coca-Cola European Partners Great Britain Ltd v HMRC –  a case that forms the peak of a protracted debate over the difference between cars and vans. The Court has concluded that the three types of modified crew-cab vehicles in question are cars rather […]

Changes to the Job Support Scheme

In a welcome announcement yesterday, Rishi Sunak revealed new changes to the Job Support Scheme (JSS). The changes will re-establish more practical support for businesses adversely affected by COVID-19. Changes to the Job Support Scheme (JSS Open) The JSS applies to the entire United Kingdom. The changes announced to the JSS yesterday – now called […]

Changes to the Local Restriction Support Grants

In a welcome announcement yesterday, Rishi Sunak revealed new changes to the Local Restriction Support Grants (LRSG). The changes will re-establish more practical support for businesses adversely affected by COVID-19. Cash Grants for businesses severely disrupted by Tier Two restrictions in England Additional government funding is being provided to local authorities to support businesses in […]

Changes to the Self Employed Income Support Scheme

In a welcome announcement yesterday, Rishi Sunak revealed new changes to the Self Employed Income Support Scheme (SEISS). The changes will re-establish more practical support for people adversely affected by COVID-19. The Self Employed Income Support Scheme (SEISS) From 1 November 2020, the SEISS grant due covering the period from 1 November 2020 to 31 […]

Importance Of Fee Protection

Each year, HMRC randomly select a number of tax returns to investigate, to ensure compliance in taxpayers reporting their tax. This has long been the case and is something that every business should be aware of, but this year the chances of being subject to an investigation are bigger than ever. As a result of […]