The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed. Read More
Month: March 2020
Applying for a Coronavirus Business Interruption Loan Scheme (CBILS)
Small to medium-sized businesses in the UK are now able to apply for finance via the Coronavirus Business Interruption Loan Scheme (CBILS) to help them deal with the operating costs of their business and to assist with maintaining cashflow. Read More
Businesses urged to apply for Companies House filing extension before deadline
Businesses affected by the COVID-19 pandemic are being urged to request a Companies House filing extension before the deadline. Read More
Deferring VAT – HMRC confirms businesses should cancel VAT direct debits
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to utilise the deferment offer. Read More
Enterprise Finance Guarantee scheme – eligibility restrictions for small businesses
The Enterprise Finance Guarantee (EFG) supports small businesses by providing finance to smaller businesses that cannot obtain finance from their lender because of insufficient security. The British Business Bank has now announced that a number of eligibility restrictions are in place because of the European Union’s (EU) state aid rules. Read More
Coronavirus: Government announces IR35 delay
The Government has announced that the IR35 tax reforms which were due to be implemented in April 2020 have been delayed for a year due to the ongoing coronavirus outbreak. Read More
Is your business ready for the payroll-year end?
With the payroll year-end fast approaching, you must ensure that your business is complying with the necessary payroll obligations. Read More
How does the new emergency coronavirus loan scheme work?
On Wednesday 11 March, the Chancellor revealed that the Government would launch an emergency loan scheme designed to support businesses affected by the Covid-19 outbreak. Read More
Entrepreneurs’ relief cut to £1 million in Budget
The Chancellor, Rishi Sunak, announced in yesterday’s Budget that entrepreneurs’ relief (ER) will be cut from £10 million to £1 million, effective immediately. Read More
EU Standards March 2020: existing bank feeds connected in Xero may be affected
Due to the new EU Standards, enforced from 14 March 2020, there will be changes to the way some banks connect to Xero. Read More