News and Updates
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...
Tell HMRC and pay the Self-Employment Income Support Scheme grant back
If you’ve been overpaid, made a claim in error and were not eligible for the grant or would like to make a voluntary repayment, tell HMRC and pay some or all of the grant back. Follow the link for more information from the HMRC website....
HMRC invites hospitality industry to register for Eat Out to Help Out
Registrations for the Eat Out to Help Out Scheme start today (13 July 2020). Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality industry and...
A Plan for Jobs 2020
Job Retention Bonus The Coronavirus Job Retention Scheme (CJRS) has supported many businesses so far by protecting over 9 million jobs. The scheme is due to gradually unwind and will be supporting businesses until October. It is beneficial to everyone, including the...
Chancellor to grant “draconian” powers to reclaim millions in COVID-19 support payments
As the lockdown has been lifted in parts of the UK and businesses are beginning to open, the end is also nigh for the Coronavirus Job Retention Scheme (CJRS) which will be closed to new applicants from the end of June. The scheme has helped millions of people during...
How to Pay Coronavirus Job Retention Scheme grants back to correct errors
Find out how to pay all or some of your grant back if you've overclaimed through the Coronavirus Job Retention Scheme....
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...
Check which expenses are taxable if your employee works from home due to coronavirus (COVID-19)
https://www.gov.uk/guidance/check-which-expenses-are-taxable-if-your-employee-works-from-home-due-to-coronavirus-covid-19?utm_source=055d7327-38c3-4c2f-ac9d-b7c1657c05fe&utm_medium=email&utm_campaign=govuk-notifications&utm_content=daily
Changes to the Coronavirus Job Retention Scheme
https://www.gov.uk/government/publications/changes-to-the-coronavirus-job-retention-scheme/changes-to-the-coronavirus-job-retention-scheme?mc_cid=0b1a0e042a&mc_eid=ee9b8a2769
Domestic Reverse Charge VAT for Construction Services delayed until 1 March 2021
This Government brief explains that the introduction of the domestic reverse charge for construction services will be delayed from 1 October 2020 until 1 March 2021 due to the impact of the coronavirus on the construction sector....