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Category Archives: Uncategorised

Self-employment income support scheme

If you are eligible, payments under the above scheme are due to be made by HMRC next month, June 2020. Readers who need financial support at an earlier date can still apply for Universal Credits as an interim measure. Who can claim under SEISS? To qualify for a payment under SEISS you will need to…
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Coronavirus Business Interruption Loan Scheme

There has been considerable commentary in the media about this support initiative as business owners - struggling to cope with the reduction in their cash resources due to the COVID-19 outbreak – are finding it difficult to secure support from their bank. Readers will be encouraged by the Chancellor’s recent comments when he confirmed that…
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Claiming Child Benefits for new-borns

General Register Offices are currently operating with reduced capacity and with government guidance to social distance and stay at home, new parents are advised not to visit them. They can however still claim Child Benefit without having to register their child’s birth first to ensure that they do not miss out. If they already claim…
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Companies House support for ailing businesses

The following announcement was recently made by Companies House: Businesses will be given additional support to help them meet their legal responsibilities under changes announced today (16 April 2020). Companies House will temporarily pause the strike off process to prevent companies being dissolved. This will give businesses affected by the coronavirus outbreak the time they…
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Tax Diary May/June 2020

1 May 2020 - Due date for corporation tax due for the year ended 30 July 2019. 19 May 2020 - PAYE and NIC deductions due for month ended 5 May 2020. (If you pay your tax electronically the due date is 22 May 2020). 19 May 2020 - Filing deadline for the CIS300 monthly…
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Coronavirus – Business update 4 May 2020

Low interest rates announced for Bounce-Back Loan Scheme (BBLS) This new scheme announced last week, was the subject of a letter from the Chancellor (1 May 2020) to the accredited lenders who have been instructed to facilitate the scheme since 4 May 2020. In his letter he said: In my statement to the House of…
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Do not forget to file returns for benefits and expenses

Aside from the plethora of schemes to support businesses during the coronavirus disruption, employers should not forget that there is a raft of filing obligations that still need to be met. This post lists the various employer reporting obligations regarding employee benefits and expenses for 2019-20.   The following table is reproduced from the government…
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Aggressive rent collection to be banned

High street shops and other companies under strain will be protected from aggressive rent collection and asked to pay what they can during the coronavirus pandemic. In a recent press release a government spokesperson said: “The majority of landlords and tenants are working well together to reach agreements on debt obligations, but some landlords have…
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Carry-over of unused annual leave

The rules that would have limited the rights of employees in key industries to carry forward any unused annual leave will be delighted by the announcement made two weeks ago. This will mainly apply to workers in key industries such as food and healthcare. Workers who have not taken all of their statutory annual leave…
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COVID-19 – support grants and loans update

This week has seen a flurry of changes to the various government support schemes. We have summarised a few in this article. Coronavirus Job Retention Scheme (CJRS) The HMRC portal – where you formally register your claim - should be live as from 20 April 2020. HMRC have published a “user” guide to the claims…
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