VAT reverse charge for the construction industry postponed until March 2021

The Government has officially announced that the introduction of the domestic VAT reverse charge for the construction industry has been delayed until 1 March 2021 because of the impact of the coronavirus pandemic.

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Trade Credit Reinsurance scheme to support 630,000 UK businesses

More than 630,000 UK businesses have been given the confidence to trade during Covid-19 after the Government announced guarantees of up to £10 billion to Trade Credit Insurance schemes.

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HMRC updates tax guidance for waiving income and bonuses and charitable giving

HM Revenue & Customs (HMRC) has updated its guidance for people choosing to waive their income to support their business or a charity during the COVID-19 pandemic.

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One in 10 firms unable to reopen safely under current guidance, study reveals

One in 10 firms are unable to open safely under the Government’s current health and safety guidance, a major study has revealed.

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Coronavirus Job Retention Scheme – the next steps

The Government’s Coronavirus Job Retention Scheme (CJRS), also known as the furlough scheme, was recently extended until October, with no changes until August. But what happens next with the scheme?

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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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One-third of SMEs ‘may never re-open’ after Covid-19, study reveals

One-third of small businesses believe they will never reopen as a result of Covid-19 disruption, according to the latest research.

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Self-Employment Income Support Scheme receives 440,000 applications on day one

The landmark Self-Employment Income Support Scheme (SEISS) recorded more than 440,000 applications on its first day, official figures have revealed.

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Self-Employment Income Support Scheme open for business

The Self-Employment Income Support Scheme (SEISS) is now open for business, weeks ahead of schedule.

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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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Zero-rate of VAT applied to sales of PPE from today

The tax on personal protective equipment purchased by care homes, businesses, charities and individuals will be cut from today, it has been announced.

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Businesses who defer VAT payments should continue to file returns as usual, says HMRC

Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed.

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Retail, hospitality and leisure firms set for £10 billion business rates savings

Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed.

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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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