Option to defer VAT payments ends this month
June 25, 2020

One of the government’s schemes to assist VAT registered businesses with their cashflow during the current COVID disruption was the deferral of VAT payments.

The VAT payments that could be deferred cover payments...

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Leaving salaries or dividends in your company
June 23, 2020

Director/shareholders of small companies may be considering reducing their salaries and/or dividends during this uncertain period. Even if firms are managing to maintain profits or breakeven, prudence would suggest that until things...

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New support for High Street retailers
June 18, 2020

The High Street Task Force has launched a range of support options for High Street traders in England. In a press release issued 12 June it was announced:

 

A package of support to help high streets to get back on their...

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Problems as we emerge from lock-down
June 16, 2020

The precautions taken by government to contain the COVID-19 outbreak, commonly known as lock-down, have created varying problem for UK businesses. As we ease our way out of lock-down many of us will have further issues to confront. This...

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Ban on evictions extended by two months
June 11, 2020

Renters across England and Wales will receive greater protection after the government extended the suspension of new evictions until 23 August.

 

The Ministry of Housing published the following press...

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Furlough scheme changes clarified
June 10, 2020

HMRC released more information on the up-coming changes to the furlough scheme (CJRS) last week. A summary of two of the issues are set out below.

Have you over-claimed?

If you have made an...

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Re-opening retail businesses from June 2020
June 4, 2020

A time-table has been announced for the re-opening of thousands of high street shops, department stores and shopping centres in England once they are COVID secure.

The Prime Minister’s announcement published 25...

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Tax Diary June/July 2020
June 2, 2020

1 June 2020 - Due date for Corporation Tax due for the year ended 31 August 2019.

19 June 2020 - PAYE and NIC deductions due for month ended 5 June 2020. (If you pay your tax electronically the due date is 22 June 2020)

19 June...

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Trade Credit Insurance update
June 2, 2020

Trade Credit Insurance provides cover to hundreds of thousands of business to business transactions, particularly in non-service sectors, such as manufacturing and construction. It covers suppliers selling goods against the company they are...

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Calculating holiday pay for workers without fixed hours
June 2, 2020

Government guidelines on this topic advise:

The amount of pay that a worker receives for the holiday they take depends on the number of hours they work and how they are paid for those hours. The principle is that pay received by a...

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