Furlough Scheme Extended and Further Economic Support announced
The Coronavirus Job Retention Scheme has been extended for a month with employees receiving 80% of their current salary for hours not worked and further economic support announced. People and businesses across the UK are being provided with additional financial support as part of the governmentโs plan for the next phase of its response […]
Self-Assessment: HMRC recommends completing online returns ahead of the deadline
Self-Assessment individuals have 97 days left to complete their tax returns online before the deadline, but HM Revenue & Customs (HMRC) recommends completing it as early as possible. Individuals can complete their tax returns at any time before the deadline on 31 January 2021. Although, HMRC suggests that completing the online returns earlier will be […]
Further Information on the Job Support Scheme
Dearย customer, Weโre writing toย let you knowย that we have published further information on the Job Support Scheme โ including how you can check if you or your clients are eligible and when you can make your first claim. You can find this on GOVโโโโ.UK by searching ‘Job Support Scheme’. Job Support Scheme The Job Support Scheme […]
The Jobs Support Scheme
From 1 November, for the next six months, the Job Support Scheme will protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19. The replacement for the furlough scheme is the Jobs Support Scheme. The main difference is that a worker will have to work for at least […]
October Key tax dates
Newsletter issue – October 2019. 1 – Due date for payment of Corporation Tax for the year ended 31 December 2018 5 – If a Tax Return has not been received, individuals and trustees must notify HMRC of new sources of income and chargeability in 2018/19 14 – Return and payment of CT61 tax due […]
October questions and answers
Newsletter issue – October 2019. Q. Our house has always been owned jointly by myself, my mother and my sister. My sister and I now want to buy our own homes and want to make mum the sole owner of our current home. If we put the house in her sole name will she have […]
Tax-free expenses for home-workers
Newsletter issue – October 2019. Providing certain conditions are met, no tax liability will arise if an employer makes payments to employees for reasonable additional household expenses, which the employee incurs in carrying out duties of their employment at home under ‘homeworking arrangements’. ‘Homeworking arrangements’ are arrangements between the employee and the employer under which […]
HMRC win IR35 case
Newsletter issue – October 2019. Following a series of defeats, HMRC have won a First Tier Tribunal (FTT) case concerning the employment status of three BBC presenters who used personal service companies (PSCs). The case concerned the working arrangements for presenters Joanna Gosling, David Eades and Tim Willcox. Unusually, the judges disagreed about the IR35 […]