Category: Compliance

Temporary VAT changes - Q & A
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Covid-19 update 15. VAT changes

UK VAT – reduced rate for hospitality, holiday accommodation and attractions What’s changing? To help businesses in the hospitality, holiday accommodation and attractions sector, the reduced rate of VAT (5%) will apply to: Supplies of food and non-alcoholic drinks for consumption on premises from restaurants, pubs, bars, cafes and similar premises in the UK. Supplies […]

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Covid-19 update 14. Lockdown Easing Risk Assessment

Here is a document to help you with your risk assessment for lockdown easing. Document here.

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Covid-19 update 13. Scams, fake sites, tracking frauds…look out

Criminals are taking advantage of the current crisis to try to scam people. HMRC have identified more than 70 COVID related scams (yes…70! so far) and have asked Internet Service Providers (ISPs) to take down over 500 malicious websites associated with these criminals (500!). With things changing so quickly it is important that you remain […]

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Covid-19 update 12. SSP (Statutory Sick Pay)

HMRC has advised some more details of SSP (Statutory Sick Pay) as it relates to COVID-19 assistance. This information is current at at 13th May 2020 at 11:00am and will be updated. Government funding only covers up to 2 weeks’ SSP SPP will be repaid to employers from “day one”. That is, the employee does not […]

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Covid-19 update 10. More links & info

HMRC just sent this to tax agents. It has new links that are very useful;   “We understand COVID-19 is creating difficult times for all. Instead of our usual Agent Update, we have decided to send this email to highlight changes to existing MTD related information that you may need at this time. COVID-19 guidance on GOV.UK All HMRC COVID 19 guidance is included on GOV.UK as part of the Government’s response to COVID […]

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Covid-19 update 9. DWP payments

The Department of Workplace and Pensions (DWP) has stopped recovery action. This means that your employer need not take “DEA payments” (Direct Earnings Arrestments) from your pay at the current time. DEA payments include benefit overpayments tax credit debts social fund loans You can hear a recorded message on its debt management hotline on 0800 […]

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Covid-19 update 8. More details to hand.

More details have come to hand as accounting bodies and journalists ring the Treasury to clarify details. The Self-employment Income Support Scheme gives self-employed people who qualify 80% of average profits over three months in one lump sum sometime in June 2020. There is an upper limit of £2500 a month or £7500 over the three months. […]

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Covid-19 update 7. More links and Vidz

Here are two very helpful vidz that lay things out in a systematic way. Self employment Income Support Scheme Job Retention Scheme Self-employment Income Support Scheme. The Chancellor announced a new Self-employment Income Support Scheme to support self-employed people who have been adversely affected by COVID-19. GOV.UK has further details about who is eligible for the scheme […]

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Covid-19 update 6. Thursday 26th March 2020. Useful links

We are doing what we can to forward information as it comes to hand. Click on the links below to access each website or to download each guide / article. Coronavirus business interruption loan scheme (CBILS) Company accounts 3 month extension from Companies House Government advice for employers, employees and the self-employed Government guide for […]

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Covid-19 update 5. Thursday 26th March 2020

For today; Auto Enrolment pensions.  With the global impact of coronavirus dominating daily news, some of you and your workers may also be asking what this means for pension savings. We recognise this is a difficult time and we’ll be updating this page regularly. Presently, employers’ duties remain unchanged, so please where possible continue to […]

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