30 Day Report and Pay Capital Gains Tax

One of the changes this tax year was to introduce the 30 day report and pay capital gains tax on sale of residential property except for your private residence.  Hopefully solicitors will be advising of this in the process but it is quite tight to report if everything...

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Coronavirus Winter Economy Plan

The Chancellor announced the Coronavirus Winter Economy Plan which aims to support businesses over the winter period as restrictions are once again being increased.  The official Budget has been postponed until next year in view of current uncertainties.  The current...

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Part time furlough scheme

As the part time furlough scheme comes in to encourage employers to get their staff back into the workplace, there are a number of changes which were announced by the government on 12 June. Effectively this is a brand new Coronavirus Job Retention Scheme (CJRS)...

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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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