News and Updates

HMRC have updated VAT Notice 700/22 Making Tax Digital with information to extend the soft landing period on digital links. This period will now end for VAT return periods starting on or after 1 April 2021.  Click on the link to access the notice and scroll down to...

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Government guidance for apprentices and employers including details of flexibilities to allow furloughed apprentices to continue their training as long as it does not provide services to or generate revenue for their employer....

HMRC have issued full guidance on the job retention scheme which also clarifies the position with directors and the duties they can still perform and be eligible for furlough....

Workers who have not taken all of their statutory annual leave entitlement due to COVID-19 will now be able to carry it over into the next 2 leave years....

• Taxable grant of 80% of their average monthly profits of the last 3 years or shorter period if only a shorter period available up to £2,500 a month available for up to 3 months and possibly extended as required. • Available where trading profits are up to £50,000 •...

From 25 March 2020 businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19. As part of the agreed measures, while companies will still have to apply for the...

More detailed guidance on the businesses and premises to close has been issued by the Government: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/874732/230320_-_Revised_guidance_note_-_finalVF.pdf

Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. All UK businesses are eligible. You will need...