Companies house Extend Filing Dates
Companies House has announced that it will now automatically extend the deadlines for certain key statutory filing events, such as the filing of company accounts. This is a temporary measure on account of the Coronavirus outbreak. A three-month filing extension was announced from 25 March 2020 which had to be claimed in advance. This has […]
Working On Your Holiday – Allowed For Tax?
Now that lock-down has eased and countries are slowly reopening the borders we all need and deserve a holiday. Nevertheless, you might still choose to use this opportunity to meet a client or join a conference during your vacation. The basic rule for an expense to be tax allowable it needed to be incurred wholly […]
Can I claim VAT on my entertainment related expenses?
There are many questions that we receive from VAT registered clients regarding the types of expenses that can be included in their VAT returns. A frequently asked question concerns entertainment expenses and whether these are reclaimable from a VAT perspective. This blog will highlight the factors which need to be considered when determining what kind […]
Government’s Self-Employment Support Scheme extended
Some good news for the self-employed – Chancellor Rishi Sunak has announced at the Government’s daily briefing on Friday 29 May that the Self-Employment Income Support Scheme will be extended and will pay out another single grant covering three months. He also said this will be the final grant from the self-employment scheme. Those eligible […]
Furlough extension details released
Following on from Chancellor Rishi Sunak’s announcement on 12 May 2020 that the Coronavirus Job Retention Scheme would be extended until October, Mr Sunak released more details on the scheme from July to October 2020 at the Government’s daily briefing on 29 May 2020. What changes have been announced? From 1 July, businesses can bring […]
Self-employed invited to get ready to make their claims for coronavirus (COVID-19) support
HMRC will begin contacting customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS). From (Monday 4 May), HM Revenue and Customs (HMRC) will begin contacting customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS). Those who are eligible will be able to claim a taxable grant worth 80% […]
New Bounce Back Loan announced for small businesses
The Coronavirus Business Interruption Loan Scheme (CBILS) has received a lot of criticism due to the to strict rules over eligibility and only 80% of the loans being government backed rather than 100% as is the case in many other countries where similar support packages were given. The chancellor promised at the time of the […]
Support for Startups during Covid-19
The UK government has announced plans for a ‘Future Fund’ in order to support startups and tech businesses struggling during Covid-19. This will help to ensure that loss-making companies receive enough investment to continue activity during the coronavirus pandemic. This rescue package includes private-private match funding, which will give the government shares in respective enterprises, […]
Companies given 3-month extension period to file accounts during COVID-19
Companies 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. Businesses will be able to apply for a 3-month extension for filing their accounts and therefore, mean businesses can prioritise managing the impact of Coronavirus. There are approximately […]
Furlough start date extended to 19 March 2020 and details of how to claim.
Thousands more employees will able to receive support through the Coronavirus Job Retention Scheme (CJRS) as a result of the furlough start date extended to 19 March 2020. The government also confirmed that the scheme is expected to be fully operational next week with the online portal due to go live on 20 April to […]