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Self-Employed and Job Retention Scheme changes

31-05-20

On Friday afternoon, in the Government's daily news briefing, the Chancellor outlined how the Coronavirus Job Retention Scheme will operate moving forward to allow for employees to return to work part time. Following that announcement,… Read more..

Additional funding for charities and social enterprise

27-05-20

The government's dormant assets scheme allows money in accounts that have been dormant for at least 15 years to be made available for certain qualifying charitable and community causes. The Culture Secretary, Oliver Dowden has announced that… Read more..

Further support for charities from VAT receipts

27-05-20

It has been revealed by HM Treasury that the VAT collected on donated personal protective equipment (PPE) will be given to charities supporting the NHS and care workers. This measure will apply to all the VAT collected on donations made from 1 March… Read more..

Apply for NIC Childcare Credits

27-05-20

National Insurance credits can help qualifying applicants to fill gaps in their National Insurance record. This can assist taxpayers to build up the amount of qualifying years of National Insurance contributions which can increase the amount of… Read more..

Reimbursing expenses for home office equipment

27-05-20

HMRC has updated its guide for employers who have employees working from home due to the COVID-19 outbreak. This could be a result of the workplace being closed or because employees are following government advice to self-isolate. The updated… Read more..

Employee car ownership schemes

27-05-20

An Employee Car Ownership Scheme (ECOS) is a set of arrangements whereby employees acquire cars from a specified, often single source and within a specified financing framework. The use of an ECOS can effectively be seen as a halfway measure between… Read more..

New HM Treasury instructions re CJRS

27-05-20

The Chancellor, Rishi Sunak has made a further Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the Coronavirus Job Retention Scheme (CJRS). The CJRS currently helps employers furlough their employees with… Read more..

Estate Agents who may be exempt from Money Laundering registration

27-05-20

HMRC is responsible for the money laundering supervision of a number of businesses including estate and lettings agents. Estate agency businesses that HMRC is responsible for supervising should be aware of the requirement to register with HMRC and… Read more..

Rules on waiving income or donating to charities

27-05-20

HMRC has published a new press release that provides some advice for people choosing to give up their income to support their business or donate to charity during the Coronavirus (COVID-19) pandemic. Employers, directors and employees have several… Read more..

New advisory fuel rates published

27-05-20

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse employees for business travel in their company cars or where employees are required to repay the cost of… Read more..

Tackling redundant stock

26-05-20

Many retailers and manufacturing businesses have stock on their shelves gathering dust. There are compelling reasons for tackling this issue as we cautiously emerge from lock-down. For example, freeing up storage space will enable you increase the… Read more..

Winding-down the furlough scheme

26-05-20

Without a doubt, the furlough scheme has provided small businesses with the means to retain staff that would otherwise have been laid-off. The government is paying 80% of furloughed employees’ wages (subject to a £2,500 maximum). From 1… Read more..