Blog

Important VAT Deferral Update – Cancel your DD

Deferred VAT payments - important As you are aware HMRC deferred VAT payments for a 3 month period until 30th June 2020. Although this is an automatic offer with no application required, HMRC published the following advice in relation to this:   Customers who normally pay by direct debit should cancel their direct debit with their bank…
Read more

COVID 19 Update

Important Updates We have published a new blog on the long awaited help for the self employed SELF EMPLOYED INCOME SUPPORT SCHEME While welcome there are some businesses who will not benefit: Anyone who earns over £50,000 per year. Anyone who commenced self employment during the 2019/20 tax year. Limited companies. Coronavirus Job Retention Scheme…
Read more

Useful ‘Active Practice’ Articles

Every month we publish two 'Active Practice' Articles on topical issues that we believe our clients may find interesting, they can be accessed from the free resources Tab on our website, alternatively you can access PDFs of them here Active Practice Updates These Updates cover all aspects of tax and other areas useful to small…
Read more

Self-Employed Income Support Scheme

The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived from self-employment. A list of the scheme features as announced, and published, are as follows: Those that qualify will receive…
Read more

Support with paying your taxes

Further support to businesses and the self-employed, to delay the payment of various taxes was announced last week. They include: VAT Any VAT that falls due for payment in the period from 20 March 2020 to 30 June 2020 can be deferred until the end of the 2020-21 tax year. This is not a cancellation…
Read more

Coronavirus Business Interruption Loan Scheme Open

The Coronavirus Business Interruption Loan Scheme is now open, the links below, set out the qualifying criteria and application process, as provided by the British Business Bank.  We will be happy to help our clients with the application process in any way we can, please contact your Client Manager or Client Partner for more advice.…
Read more