by MAS | Jun 17, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, Self employed
HMRC has updated its guidance on whether a business is able to claim for the two Self-employed Income Support Scheme (SEISS) grants. It confirms that those who are self-employed and able to return to work as normal in June will not be eligible for a second grant,...
by MAS | Jun 17, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, PAYE, VAT
The VAT payment deferral which gave UK VAT-registered businesses the option to defer VAT payments due between 20 March and 30 June 2020 until 31 March 2021 comes to an end at the end of June. With this in mind businesses need to reinstate their direct debit mandates...
by MAS | Jun 15, 2020 | Business advice, Coronavirus, Corporation Tax, Covid-19, Financial news, HMRC, NIC, PAYE
Need a delay with your Corporation Tax liabilities or PAYE/ NIC payments? Whist HMRC has offered much support to the business sector during these challenging times, no deferral has been granted for Corporation Tax liabilities or PAYE/NIC payments. Some businesses...
by MAS | Jun 15, 2020 | Coronavirus, Covid-19, Financial news, PAYE
What you need to do from July start your flexible furloughing of employees from 1 July onwards. You can decide the hours and shift patterns they work to suit the needs of your business – you’ll pay their wages for the time they’re in work and can apply for a job...
by MAS | Jun 13, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, Self Assessment, Self employed, Tax
For those who have received grants under the SEISS scheme; it is likely these figures must be included in claimants’ 2020-21 self-assessment tax returns. Many might not appreciate that income tax and Class 4 National Insurance is due on the grant and payable by 31...
