Contractor’s home to hotel travel disallowed

A Scottish contractor, who lodged in Swindon to be available for work in the south of England, had his travel and accommodation expenses disallowed as not wholly and exclusively incurred for his business. 23rd Nov 2020 Taylor claimed the expenses between his home in Melrose, Scotland and a hotel in Swindon in his 2016/17 tax return.

Read More

VAT Deferral New Payment Scheme

Source – HMRC As part of the Winter Economy Plan, the Government announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March 2021, businesses can make

Read More

The Self-Employment Income Support Scheme grant extension

The Self-Employment Income Support Scheme grant extension provides critical support to the self-employed in the form of 2 further grants, each available for 3 month periods covering November 2020 to January 2021 and February 2021 to April 2021. 1.    Who can claim   To be eligible for the grant extension self-employed individuals, including members of

Read More

CJRS extension: Get the details right

Kate Upcraft explains what employers and tax agents need to know about the new version of the coronavirus job retention scheme (CJRS.3) which will apply from November 2020 to March 2021. 6th Nov 2020  Source – accountancy web Chancellor Rishi Sunak meets business leaders to discuss further financial support at a restaurant in central London.

Read More

SEISS grant to be 80% of average profits

The self-employed income support scheme (SEISS) will be open for two further grants, the first of which will be set at 80% of average profits. This article has been amended with new information released on 5 November 2020. Source:  Accounting Webb 3rd Nov 2020 There have been two rounds of grant support for the self-employed

Read More

Government increases support for self-employed across the UK

The government is increasing its support to the self-employed over the coming months and ensuring people get paid faster than previously planned, it was announced today, 2 November. Published 2 November 2020 From: HM Treasury government increases support under the third instalment of the UK-wide Self-Employment Income Support Scheme, with people receiving 80% of average

Read More

Furlough scheme reinstated for national lockdown

The coronavirus job support scheme (CJRS) will continue until 1 December 2020 with grants covering 80% of wages, while implementation of the JSS has been delayed.  Source – Accounting Web Halloween was truly a nightmare for many accountants as the government’s announcement of England’s new month-long lockdown came just as the nation was settling down to enjoy

Read More

Fake telephone calls from HMRC

We are aware of a recent spate of fake HMRC calls. You must not make a payment if you have been cold called by HMRC to pay a tax bill, even if they threaten court or police action. HMRC will never demand money in this way.

Brace for Brexit 2: Postponed accounting

The law will change for VAT on imported goods from 1 January 2021, but to help businesses postponed accounting will be introduced on the same date. Source – Accounting Web How it works Postponed accounting will be introduced on 1 January 2021. This will mean that a VAT registered business will not pay VAT on

Read More

Working from home because of COVID-19?

Does your client have employees working from home because of COVID-19? If they’ve asked their staff to work at home because of COVID-19 then they may have additional household expenses. If your client hasn’t reimbursed them, the employees can claim tax relief on £6 per week or £26 per month for these extra costs. The

Read More

Deferred July 2020 Self-Assessment Payment

Deferred July 2020 Self-Assessment Payment on Account HMRC has identified that some Self-Assessment customers, who chose to defer payment of their July 2020 Payment on Account due to COVID-19, may receive a Self-Assessment statement, showing that payment is due, and interest is accruing.  HMRC can confirm that we will not impose any late payment interest

Read More

Job Retention Bonus

The Job Retention Bonus allows employers to claim a one-off payment of £1,000 for every eligible employee they have furloughed and claimed for through the Coronavirus Job Retention Scheme (CJRS) and kept continuously employed until at least 31 January 2021. Employers do not have to pay this money to their employee.  To be eligible, employees

Read More

New Job Support Schemes: Get the details right

HMRC finally released guidance on the operation of the twin job support schemes that both start on 1 November 2020. Source – Accounting Web There are now two job support schemes (JSS). The original one designed for businesses that are legally required to close is now called JSS Closed, and the other one introduced by the Chancellor on 22 October for

Read More

Job support scheme expanded, three tier lockdowns to come

With the government set to introduce localised Covid-19 lockdowns of varying severity, the job support scheme (JSS) is to be expanded to support businesses required to close their doors as a result of coronavirus restrictions Reporter, Accountancy Daily, published by Croner-i Ltd Later today, prime minister Boris Johnson is expected to announce a three-tier alert

Read More

Latest updates to Companies House services

We’ve rounded up all the latest updates as we continue to maintain services for our customers and protect the welfare of our employees in response to the coronavirus (COVID-19) outbreak. We’ve resumed the strike off process From 10 September 2020, we’ve resumed the voluntary strike off process. From 10 October 2020, we’ve resumed the compulsory

Read More

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.