by MAS | Dec 9, 2021 | Business advice, Coronavirus, Covid furlough schemes, Covid grants, Covid-19, Financial news, HMRC
The latest version of the CT600 Corporation Tax Return requires companies to report CJRS furlough payments received and the amounts that the company was entitled to during the period. HMRC have updated their guidance on repaying any Coronavirus Job Retention Scheme...
by MAS | Sep 2, 2021 | Business advice, Coronavirus, Covid furlough schemes, Covid-19, Financial news, VAT
On the 15th July 2020, the Chancellor temporarily reduced VAT for the tourism and hospitality sector from 20% to 5%. Businesses that could take advantage of this rate included: restaurants hot takeaway food non-alcoholic drinks sold in cafes, restaurants, bars, etc...
by MAS | Jul 24, 2021 | Business advice, Coronavirus, Covid furlough schemes, Covid grants, Covid-19, Financial news, HMRC
Coronavirus Job Retention Scheme (CJRS) The CJRS has been extended until 30 September 2021. From 1 July 2021, the government will pay 70% of wages up to a maximum cap of £2,187.50 for the hours the employee is on furlough. Employers will top up employees’ wages to...
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 | Mar 3, 2021 | Budget, Business advice, Corporation Tax, Covid furlough schemes, Covid grants, Covid-19, Financial news, HMRC, NIC, PAYE, Self Assessment, Self employed, Tax
Chancellor Rishi Sunak set out the government’s tax and spending plans for the year ahead. Here is a summary of the main points. Coronavirus support the Coronavirus Job Retention scheme (furlough scheme) will be extended until the end of September 2021....
by MAS | Jan 20, 2021 | Business advice, Coronavirus, Covid furlough schemes, Covid-19, Financial news, HMRC, MAS Blog
The government has now published its official guidance for the Coronavirus Job Retention Scheme, which has been extended until 30 April 2021. Furloughed staff serving a notice period A crucial point is the situation regarding making claims for furloughed staff who...
