by MAS | Jun 30, 2021 | Coronavirus, Covid furlough schemes, Covid-19, Financial news, HMRC
HMRC has carried out over 12,000 interventions relating to the Coronavirus Job Retention Scheme (CJRS), the Self-Employment Income Support Scheme (SEISS) and Eat Out to Help Out Scheme (EOHO). Such interventions are investigations used to recover funds lost to the...
by MAS | Jun 30, 2021 | Business advice, Financial news, HMRC, NIC
HMRC are urging businesses to look out for the use of mini-umbrella companies (MUCs) to pay contractors supplying their labour via agencies and other intermediaries. HMRC have identified criminals creating a series of MUCs in order to claim the NIC employment...
by MAS | Jun 26, 2021 | Coronavirus, Covid grants, Covid-19, Financial news, HMRC
The Government intends to close the legal loophole to prevent the misuse of the dissolution process. In particular to prevent Directors using this process to avoid paying back Government backed loans given to businesses during the pandemic. The new measures will...
by MAS | Jun 25, 2021 | Financial news, HMRC, Self Assessment, Self employed, Tax
Car benefit reduced where unavailable P11d forms reporting benefits in kind provided to employees and directors need to be submitted to HMRC by 6 July. Where a company car is “unavailable” for private use for 30 or more consecutive days the benefit is proportionately...
by MAS | Jun 18, 2021 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, VAT
If your business deferred VAT (otherwise originally due between 20 March 2020 and 30 June 2020), you will have until 21 June 2021 to register online to further spread the VAT arrears over a maximum of eight instalments. Alternatively, businesses will need to either...
