Author Archives: Pauline

End of VAT payment deferrals period from HMRC

To provide government support during the early stages and peak of the COVID-19 pandemic, HMRC gave businesses the option to defer VAT payments if they were unable to pay on time. They could do this without incurring late payment interest or penalties. Under the scheme, payment of VAT due between 20 March and 30 June

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HMRC updates – how to collect the 1k job retention bonus

3 Aug 2020 source AAT HMRC has published additional information on the new Job Retention Bonus, which provides a bonus to employers who keep on their furloughed employees at least until the end of January 2021. The scheme allows employers to receive a one-off payment of £1,000 for every employee, previously claimed for under Coronavirus job

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HMRC updates: CJRS deadlines, Finance Bill 2020-21

Here are the latest updates from HMRC for week commencing 20 July 2020. Key dates for the Coronavirus Job Retention Scheme (CJRS) We’re reminding customers about key dates for the Coronavirus Job Retention Scheme (CJRS) and actions they might need to take, to help your business. Key dates Submit your CJRS claim for periods ending

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BREXIT update from the AAT

There are less than six months to go until the UK leaves the EU single market and customs union on 31 December. Having already left the European Union in January (which effectively sealed Brexit), the country has been in a transition period ever since, with the UK continuing tariff-free trade with its continental neighbours. However, that’s all

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Making Tax Digital Announcement from HMRC

On 21 July the Government published a 5 to 10-year vision for tax administration.   This included a future roadmap for Making Tax Digital.     The roadmap provides certainty so that businesses and agents can plan ahead. It allows for lead-times and piloting and does not require action in the near future.   Making

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Companies House to restart the voluntary strike off process

From 10 September 2020, we’ll restart the process for companies that have applied for voluntary strike off. Published 10 July 2020 From:  Companies House In March 2020, we introduced temporary easement measures to suspend voluntary strike off action in response to coronavirus (COVID-19) and we’ve reviewed these measures each month. Following our July review, this

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Second SEISS grant explained

To qualify for the second SEISS grant the business must be adversely affected by the coronavirus pandemic on or after 14 July 2020. Rebecca Cave from accounting web explores what this will mean in practice. The Chancellor’s announcement on 29 May told us the SEISS would be extended with a second tranche of money available from August.

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HMRC – Deferred VAT payments

As part of the government’s support for businesses during COVID-19, HMRC gave businesses the option of deferring their VAT payments if they were unable to pay on time, without incurring late payment interest or penalties. Payment of VAT falling due between 20‌‌ March and 30‌‌ June 2020 can be deferred until 31‌‌ March 2021. You

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Coronavirus Job Retention Scheme

Detailed guidance to help employers prepare for changes to the Coronavirus Job Retention Scheme (CJRS) from 1 July is now live on GOV.UK. What employers need to do now Read the guidance to see how changes to the scheme impact you, using the calculator to understand how much you’ll be able to claim Book a

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HMRC – Furlough Scheme

Jul 2020 Furlough Scheme in July No changes. The Government pays 80% of wages up to the cap of £2,500.00. The Government pays Ers NI and Ers Pension contributions. Cost to Employer approx 0% Aug 2020 Furlough Scheme in August The Government pays 80% of wages up to the cap of £2,500.00. Employers must pay

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HMRC – Coronavirus Job Retention Scheme and Self-Employment Income – Support Scheme new guidance published

We wrote last week to help you and your clients prepare for changes to the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEISS), and guidance on these changes is now live on GOV‌‌.UK. Coronavirus Job Retention Scheme You can find this guidance by searching for ‘Coronavirus Job Retention Scheme’ on GOV‌‌.UK.

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Refund Policy

For online payments taken via the Invoice Payment page, no refunds can be given as payment is only taken after my service has been provided.