New Jobs Support Scheme

The Chancellor, Rishi Sunak, has set out the government’s new job retention measures in a statement to the House of Commons. The furlough scheme will come to an end, as planned, on 31 October 2020.  The government says it cannot keep jobs open only inside the...

VAT Flat Rate Percentages Reduced

Good news for the catering and holiday accommodation sectors. HMRC have finally updated their flat rate percentages for the businesses mostly affected by the Coronavirus pandemic. Reduced rates will apply from 15 July 2020 to 12 January 2021. Catering services...

HMRC’s VAT deferral scheme is ending

The VAT payment deferral period ends on 30 June 2020, in other words for VAT quarters ending 31 May 2020. This means you’ll need to: set-up cancelled direct debits in enough time for HMRC to take payment submit VAT returns as normal, and on time pay the VAT in full on...