COVID-19 funding schemes
The Tax and HR experts of our Fee Protection Partners, Croner Taxwise, have crafted a handy factsheet on the government’s COVID-19 funding schemes. The interactive PDF shows each grant, incentive and programme currently available to UK businesses, with corresponding links to the government’s website where you can access the funding. Plus, there is info on […]
Tax briefing – Spring 2021
Ideal salary for 2021-22 Fourth SEISS grant Free Covid-19 tests for employees IR35 – Off Payroll Working VAT debt paid in instalments Postpones Import VAT accounting For more information on the above and more please click this link for the HSA Newsletter – Spring 2021
Tax briefing – Budget 2021
Corporation tax complexity Super deduction for capital expenditure MTD – Points mean penalties Relief for business losses Frozen bands and allowances Two new SEISS Grants VAT boost for hospitality Stamp duty holiday extended Furlough scheme extended For more information on the above please click this link for the HSA Newsletter – Budget 2021
Tax briefing – Winter 2020
Third Self-Employed Income Support Scheme (SEISS.3) Report and pay Capital Gains Tax in 30 Days Furlough Extension Christmas Cheer for Employees Nudging to correct the tax return Deferring Tax due in 2021 VAT on low value imports VAT on International Services For information on these please click this link for the HSA Newsletter – Winter […]
UPDATE: Furlough Scheme extended to 31st March 2021
UPDATE: Furlough Scheme extended to 31st March 2021 You’ve probably seen that the Chancellor of the Exchequer has extended the Job Retention Scheme until March 2021. For many employers, the extra funding will come as a big relief. But with the rules on furlough changing rapidly, you may need more information on how the extension […]
FURLOUGH SCHEME EXTENDED AND FURTHER ECONOMIC SUPPORT ANNOUNCED
FURLOUGH SCHEME EXTENDED AND FURTHER ECONOMIC SUPPORT ANNOUNCED At the time of posting this update the Government have not yet published their guidance notes, below is a brief summary of the main points of the announcement made on 31st October 2020. Job Retention Scheme The Coronavirus Job Retention Scheme has been extended for a month […]
Changes to the Coronavirus Job Retention Scheme.
Changes to the Coronavirus Job Retention Scheme. This guidance page was updated on 12 June to include details on how the scheme will change from 1 July. Full details can be found by following this link: https://www.gov.uk/government/publications/changes-to-the-coronavirus-job-retention-scheme/changes-to-the-coronavirus-job-retention-scheme The first time you will be able to make claims for days in July will be 1 July, […]
Tax Briefing – Summer 2020
Self Employed Grants VAT Zero Rates Help with Statutory Sick Pay Grants from Local Authorities Working at Home Expenses CIS Repayments IR35 Rule Changes Deferred VAT and Bad Debt Relief For information on these and more please click this link for the HSA Newsletter – Summer 2020
Which businesses and venues should be closed?
As a country, we all need to do what we can to reduce the spread of coronavirus. That is why the government has given clear guidance on self-isolation, staying at home and away from others, and asked that schools only remain open for those children who absolutely need to attend. On 23 March the government stepped up measures to […]
COVID-19: Directors on PAYE can furlough
HSA Associates is governed by the Institute of Chartered Accountants of England and Wales (ICAEW) and as such we have been waiting for their guidance on the subject of placing director owners on furlough. In summary: Company directors that receive salaries through PAYE can be furloughed and apply for a grant of 80% of their […]
FURLOUGH – WHAT YOU NEED TO DO TO CLAIM THE WAGES GRANT
The government has confirmed further details on the Coronavirus Job Retention Scheme. Below is a summary of the key details,: You need to get agreement from your employees to designate them as furloughed workers and reduce their pay to 80%, capped at £2,500 per month You can designate employees as a furloughed worker if they […]
Deferral of VAT payments
The Chancellor announced a VAT payments deferral on 20 March to support businesses with cash flow during the COVID-19 pandemic. This means that all businesses with a UK VAT registration have the option to defer VAT payments due between 20 March and 30 June. You therefore have until 31 March 2021 to pay any VAT […]
CORONAVIRUS FINANCIAL SUPPORT
A range of business support measures have been made available to UK businesses and employees. This page helps businesses find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply. Click Here
CORONAVIRUS (COVID-19) SELF-EMPLOYMENT INCOME SUPPORT SCHEME
Self-employment Income Support Scheme On Thursday 26 March the government announced their intention to provide further support for the self-employed in the form of a taxable cash grant. The scheme allows individuals to claim a taxable grant worth 80% of their trading profits up to a maximum of £2,500 per month for the 3 months […]
Corona Virus – Staffing
Due to the current situation regarding the Coronavirus Pandemic, we are limiting the amount of time our staff spend in the offices and with respect to the required social distancing request by the Government, we are aiming to ensure that no two members of our staff are in the office at the same time. We […]