News and Comment - Page 27 of 37

CGT and the disposal of residential properties

by Jessica Garbett | Jun 17, 2020 | Tax News

A walk-through of the real time capital gains tax service. From 6 April 2020, UK residents within the charge to capital gains tax (CGT) face yet another change for direct disposals on residential properties – a return and payment of CGT has to be made within 30 days...

Coronavirus – Temporary changes to pension tax

by Jessica Garbett | Jun 15, 2020 | Covid-19, Tax News

For public sector workers returning to support the government’s response to Covid-19, the government suspended the tax rule that would otherwise apply significant tax charges to pension income received by recently retired individuals aged between 50 and 55. As these...

Flexibility for insolvent businesses

by Jessica Garbett | Jun 12, 2020 | Covid-19

ACCA on what the Corporate Insolvency and Governance Bill means for businesses. What is the purpose? The UK government recognises that businesses are going through an unprecedented time and it is trying to provide some additional benefits to businesses and directors...

ACCA on Covid-19 and impact on VAT

by Jessica Garbett | Jun 8, 2020 | Covid-19, Tax News

Deferrals, PPE and more in this handy summary. VAT deferral VAT registered business can defer VAT payments that are due from 20 March 2020 to 30 June 2020. The measure applies to payment deadlines for the following VAT quarters: 29 February 2020: normal payment...

Covid-19 impact on HMRC reasonable excuse and appeals

by Jessica Garbett | Jun 5, 2020 | Covid-19, Tax News

Covid-19 and reasonable excuses. HMRC considers Covid-19 as a reasonable excuse for failure to comply with certain tax obligations (such as payments or filing dates), provided failure to comply is remedied as soon as it is possible to do so. In cases other than...

(superseded) Coronavirus Self Employed Income Support Scheme extended with “Second and Final Grant”

by Jessica Garbett | Jun 1, 2020 | Covid-19

There was an announcement on Friday 29 May 2020 of an extension to the Coronavirus Self Employed Income Support Scheme (SEISS) by way of a “Second and Final Grant”. To recap the SEISS: Eligibility Must have been Self Employed in 2018-19 Must be intending...

Latest Changes to Coronavirus Job Retention Scheme (CJRS)

by Jessica Garbett | Jun 1, 2020 | Covid-19

On Friday last week, 29 May 2020, some further changes were announced to the Coronavirus Job Retention Scheme. First, as previously announced the scheme is extended until 30 October 2020, but its closed to new entrants from 30 June. In Government’s words...

Coronavirus Job Retention Scheme (updated 1 June)

by Jessica Garbett | Jun 1, 2020 | Covid-19

We have seen detailed guidance on the Coronavirus Job Retention Scheme – the 80% subsidy – published 26 March 2020, and broadly as expected. Some extra clarification was added by Government on 4 April 2020, and this is reflected in this post around Company...

(superseded) Coronavirus Self-employment Income Support Scheme (updated 1 June 2020)

by Jessica Garbett | Jun 1, 2020 | Covid-19, Tax News

This has been announced today, details are evolving, but this is what we know: a taxable non repayable grant for Self Employed and Partners – not company directors only available if your average profits over 16/17, 17/18 and 18/19 less than £50,000 grant is 80%...

Coronavirus Local Authority Discretionary Support – Isle of Wight

by Jessica Garbett | May 27, 2020 | Covid-19

A few weeks ago it was announced by Government that Local Authorities would receive funding for discretionary business support in their areas in respect of Coronavirus disruption. As this scheme is discretionary and Local Authority managed you will need to enquire as...

Coronavirus Job Retention Scheme extended till October 2020

by Jessica Garbett | May 12, 2020 | Covid-19

News today that the Coronavirus Job Retention Scheme (CJRS) is to be extended till end October 2020. Scheme unchanged till end of July – 80% grant to employer for each job Furloughed From August will be revised to allow part time Furlough (against the current...

UK Active – Framework for the re-opening of gym, leisure centre and wider fitness industry during social distancing

by Jessica Garbett | May 8, 2020 | Tax News

This was shared with me today by a colleague. Its not Yoga specific, and it isn’t Government issued, but none the less it may be useful to both studio owners, and those who teach in studios or rented facilities. COVID-19 – A framework for the re-opening of...

Another Scam to Watch For

by Jessica Garbett | May 8, 2020 | Tax News

Scams seem to get more sophisticated each day? This one looked genuine, as it came from the hosting company I use. However: The email address they sent to isn’t registered with them There was no notification in the email that is registered with them The sending...

Coronavirus Bounce Back Loans

by Jessica Garbett | May 4, 2020 | Covid-19

Announced the end of last week, and open for application from today, 4th May 2020. The Bounce Back loans are a simplified form of loan, compared to the Coronavirus Business Interruption Loan Scheme (CBILS). Per HM Government: The Bounce Back Loan scheme helps small...

Coronavirus Self Employment Income Support Scheme – Update on Eligibility and Claims

by Jessica Garbett | May 4, 2020 | Covid-19

There are some updates from HMRC today, 4 May 2020, around the Coronavirus Self Employment Income Support Scheme. HMRCs Press Release 4 May 2020 Eligibility Tool There has been no change to the scope of the scheme, or to those included, see our earlier updates:...

CGT and the disposal of residential properties

Coronavirus – Temporary changes to pension tax

Flexibility for insolvent businesses

ACCA on Covid-19 and impact on VAT

Covid-19 impact on HMRC reasonable excuse and appeals

(superseded) Coronavirus Self Employed Income Support Scheme extended with “Second and Final Grant”

Latest Changes to Coronavirus Job Retention Scheme (CJRS)

Coronavirus Job Retention Scheme (updated 1 June)

(superseded) Coronavirus Self-employment Income Support Scheme (updated 1 June 2020)

Coronavirus Local Authority Discretionary Support – Isle of Wight

Coronavirus Job Retention Scheme extended till October 2020

UK Active – Framework for the re-opening of gym, leisure centre and wider fitness industry during social distancing

Another Scam to Watch For

Coronavirus Bounce Back Loans

Coronavirus Self Employment Income Support Scheme – Update on Eligibility and Claims

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