Bounce Back Loan Scheme

The Bounce Back Loan Scheme was announced by the Chancellor on 27 April after some pressure from small businesses who were unable to access the Coronavirus Business Interruption Loan scheme (CBILS), backed by small business organisations like the FSB. The new scheme...

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Coronavirus Job Retention Scheme update

There is much confusion about the Coronavirus Job retention scheme and the terms under which it can be operated.  The questions that need clarifying are: What is a furloughed workerDoes it apply to directors tooHow much do I need to pay themWhat do I declare to...

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Coronavirus VAT and tax deferral

One of the announcements that was less publicised yesterday with the introduction of the Coronavirus job retention scheme was the Coronavirus VAT and tax deferral scheme.  Payment will be expected in due course but it gives some breathing space and potentially some...

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Coronavirus job retention scheme

In a massive boost for employers and employees the government has announced direct funding for employers to retain their staff on the payroll the Coronavirus job retention scheme, and this includes bringing back people already laid off or made redundant.  The...

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Coronavirus what is the government doing

With the current situation businesses and individuals are asking about coronavirus what is the government doing. Clients are receiving email updates and the text of these has been added below: 19 March There was nothing significant in the press release on 17 March,...

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Budget 2020

The Budget 2020 will probably be one of the least reported except for the impact that Coronavirus has had.  The Chancellor started his speech with the steps that the government is introducing to assist businesses and individuals affected by it, described as the Budget...

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Electric vehicle why you should have one

With changes in the tax rules we look at the electric vehicle why you should have one. The take up of electric vehicles has so far been quite slow and with everyone's awareness of climate change and the phasing out of new petrol and diesel vehicles in 2035, the...

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Sign up for Making Tax Digital for VAT

Step 1 of the process to keep your books electronically should have been completed by 1 April, now you need to Sign up for Making Tax Digital for VAT and the process is as follows: Click for the link on the gov.uk website then answer questions on the next few screens...

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