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Changes announced to Coronavirus Business Interruption Loan Scheme (CBILS)

Many small businesses that have applied for a government backed CBILS loan thus far have been offered standard overdrafts and ...
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HMRC interest rates

Following the recent cut in the Bank of England base rate from 0.25% to 0.1%, HMRC has announced changes to ...
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Removing your home address from the public register

Company directors, company secretaries, people with significant control (PSC) and LLP members can apply to remove their personal addresses from ...
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Businesses and employers in Northern Ireland

The Northern Ireland Office (NIO) is a UK government department responsible for Northern Ireland affairs. The NIO seeks to ensure ...
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Financial support for exporters

There is a special financial support targeted specifically at exporters. This is in addition to the package of government-backed and ...
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Contactless payment limit increased

The spending limit for contactless card payments has been increased from £30 to £45 effective 1 April 2020. The change ...
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Coronavirus deferral of VAT payments

In another move to help businesses the government announced that VAT registered businesses can defer any VAT payments due between ...
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Coronavirus – relaxation of insolvency rules

New insolvency measures have been announced to help prevent businesses unable to meet debts, due to the impact of Coronavirus, ...
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Further details on Coronavirus Job Retention Scheme

HMRC has published further details on how the new Coronavirus Job Retention Scheme will work in practice. It had already ...
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Relaxation of phone contracts during COVID-19 outbreak

An interesting joint statement from the Government, Ofcom and the telecommunications industry has been published to help offer support to ...
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Working Tax Credits increased for one year

As part of the package of measures to tackle the Coronavirus outbreak, the government has announced that the basic element ...
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Coronavirus tax payment helpline

The phone number for the COVID-19 helpline launched earlier this month has been changed to 0800 024 1222. Calls to ...
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Directors – between a rock and a hard place

Directors that have drawn remuneration from their companies as a mix of low salary and higher dividends would seem to ...
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Deferring VAT and tax payments

As part of the government’s response to assist businesses during the COVID-19 crisis is the offer to defer VAT and ...
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Converting assets into cash in the bank

During and after any period when economic activity is depressed, companies that survive the process are those that manage their ...
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Tax Diary April/May 2020

1 April 2020 - Due date for Corporation Tax due for the year ended 30 June 2019. 19 April 2020 ...
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National Minimum Wage compliance in relation to pay advances and loans

The government has issued a bulletin providing advice for employers regarding compliance with the National Minimum Wage (NMW) framework, particularly ...
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Tax relief for pension contributions

The decision of the Chancellor, Rishi Sunak to increase the tapered annual allowance thresholds in the Budget earlier this month ...
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COVID-19 – new ministerial structures

The Prime Minister, Boris Johnson has set up four new ministerial structures to coordinate, prioritise and respond to the Coronavirus ...
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Tax-Free Childcare scheme

The Tax-Free Childcare Scheme (TFCS) is open to all eligible families with children under 12. It was announced as part ...
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