by MAS | Sep 24, 2020 | Business advice, Financial news, HMRC, NIC, PAYE, Tax
1 October Due date for payment of Corporation Tax for period ended 31 December 2019. 5 October Deadline for notifying HMRC of new sources of taxable income or gains or liability to the High Income Child Benefit Charge for 2019/20 if no tax return has been issued. 14...
by MAS | Sep 21, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, NIC, PAYE
From 1 October, HMRC will pay 60% of usual wages up to a cap of £1,875 per month for the hours furloughed employees do not work. What you need to do from 1 October Continue to pay your furloughed employees at least 80% of their usual wages for the hours they do...
by MAS | Sep 21, 2020 | Business advice, Coronavirus, Covid-19, Financial news, NIC, PAYE
The Kickstart Scheme was announced in July as part of the “Plan for Jobs” initiative. It is intended to create new jobs for 16-24 year olds claiming Universal Credit, who are at risk of long-term unemployment. Applications opened on the 2nd September 2020 and will be...
by MAS | Sep 18, 2020 | Coronavirus, Covid-19, Financial news, HMRC, PAYE
HMRC has updated its guidance on how to perform usual hours calculations where employees come off furlough or flexible furlough partway through a claim period. Complications can occur where some employees return to work from furlough or flexible furlough partway...
by MAS | Sep 14, 2020 | Coronavirus, Covid-19, Financial news, HMRC
On 9 September the government announced that businesses in England required to close due to government imposed local lockdowns or restrictions are entitled to a new grant. What’s available? Business rates. The amount of the grant depends on the rateable value of...
