COVID-19: The key dates for your tax diary

There are a number of Government support measures to help businesses through the coronavirus pandemic, as well as various business tax obligations being deferred. However, it can be difficult to keep track of all of the dates, deadlines and requirements,

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COVID-19: UK businesses owed more than £133 billion since lockdown began

UK businesses are owed more than £133 billion since the lockdown measures began in March, with the average business waiting on £148,917 for work that was completed before the lockdown.

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New Corporate Insolvency and Governance Bill to extend accounting deadlines

The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested.

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COVID-19: The impact on company car benefit in kind

Due to the coronavirus pandemic, many people in the UK are now working from home or have been placed on furlough leave, meaning that they are not using their employer-provided company car. But what is the impact on the benefit

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Employers should continue to meet automatic enrolment obligations despite coronavirus disruption, says TPR

Employers should continue to enrol, re-enrol and contribute towards workers’ pensions whether they are furloughed or not, The Pensions Regulator (TPR) has confirmed.

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COVID-19 – HMRC relax inheritance tax process

HM Revenue & Customs (HMRC) has announced changes to the inheritance tax (IHT) process to ensure minimal disruption because of the coronavirus pandemic.

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HMRC: Self Assessment payment on account deferral scheme open to ALL taxpayers

The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.

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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.

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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.

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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

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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

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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.

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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.

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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.

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SMEs urged to go digital: £15.3 billion could be added to the UK economy

A recent study suggests that the UK economy could benefit by up to £15.3 billion if SMEs introduce the use of digital technology, tools and connectivity within their organisation.

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