Over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay in smaller monthly instalments, HMRC has announced. In order to take advantage of the new payment scheme businesses will need to have deferred VAT payments between March and June 2020, under…
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The payment deadline for self assessment is 31 January and interest is charged from 1 February on any amounts outstanding. Normally, a 5% late payment penalty is also charged on any unpaid tax that is still outstanding on 3 March. But this year, because of the impact of the Covid-19 pandemic, HMRC is giving taxpayers…
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The government has given businesses much-needed breathing space with extension of insolvency measures under the Corporate Insolvency and Governance Act to relieve pressure on businesses dealing with coronavirus. The government announced it intends to extend the power (granted through the Corporate Governance and Insolvency Act) to make temporary amendments or modify the effects of corporate…
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6 November 2020: Rishi Sunak has announced a five-month extension to the current Coronavirus Job Retention Scheme and increased the level of the next self-employed income support grant. — Read on www.icaew.com/insights/viewpoints-on-the-news/2020/nov-2020/chancellor-extends-furlough-scheme-and-bolsters-selfemployment-support
Digital companies were the clear winners of lockdown, and that shows the way forward for SMEs to take advantage in the inevitable upturn in the 2nd half of 2020
https://content.govdelivery.com/accounts/UKHMRCED/bulletins/2919e1c
The Chancellor’s announcement on 29 May told us the — Read on www.accountingweb.co.uk/tax/personal-tax/second-seiss-grant-explained
Launching in May 2020, the scheme offers convertible loans of between £125,000 and £5m to ‘innovative’ companies facing difficulty — Read on startups.co.uk/coronavirus-future-fund/
