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…
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COVID 19 – Update 19 March 2020
McCleary & Company New Working Arrangements As a result of government advice and in order to be responsible, we have been forced into changing the way we work during the crisis. Most of our team will be working from home for the foreseeable future, however, as we have a Hosted Server and an internet-based phone system,…
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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…
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80 percent of your staff wages paid by government?
As one of the additional measures to support businesses affected by the Coronavirus outbreak, Rishi Sunak announced last week that HMRC is to step in and pay up to 80% of furloughed staff wages up to a monthly maximum of £2,500 per employee. Initially, this sounded as if HMRC was going to underwrite 80% of…
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