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COVID-19: Employers given 30 days to ‘confess’ to furlough abuses
Legislation is currently being fast-tracked to allow HMRC to reclaim any furlough money overpaid to employers, or not spent on wages as intended. There will be the initial investigations following reports of misconduct but soon after random compliance checks are...
Further guidance on SEISS eligibility
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,...
Businesses need to reinstate VAT direct debits
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...
Tax Liabilities
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...
Coronavirus Job Retention Scheme (CJRS) Update
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...
Self-employed grant claimants warned of tax hit
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...
Furlough extended for parents on statutory leave
The Coronavirus Job Retention Scheme (CJRS) has been extended until October, with new flexibilities introduced from 1 July allowing furloughed employees to return to work part-time. Now, parents on statutory maternity and paternity leave who return to work in the...
Reverse VAT charge for construction postponed
The government has announced a further five-month delay to the introduction of the domestic reverse VAT charge for construction services due to the impact of coronavirus. The reverse charge was originally due to come into force on 1 October 2019, but was then pushed...
Job Retention Scheme cut off tomorrow
Employers planning to use the Coronavirus Job Retention Scheme (CJRS) from 1 July 2020 must have their staff furloughed by Wednesday 10 June to be eligible for ‘mark 2’ of the scheme. Only employees who have been furloughed for a minimum of three weeks on or before 30...
Covid-19 – Limited company update
In response to the petition to provide more help and support to limited companies, the government has stated the following: The Coronavirus Job Retention Scheme (CJRS) is available to owner-managers operating under a limited company, who pay themselves a salary...
Diary of tax events: June/July 2020
Date What’s Due 01/06 Corporation tax for year to 31/8/19 (unless pay quarterly) 19/06 PAYE & NIC deductions, and CIS return and tax, for month to 5/6/20 (due 22/06 if you pay electronically) 01/07 Corporation tax for year to 30/9/19 (unless pay quarterly) 05/07...
Government makes temporary changes to Tax-Free Childcare scheme
The government has made temporary changes to its TFC scheme as a result of the COVID-19 pandemic. The temporary changes to the eligibility criteria for TFC and the 30 hours free childcare scheme are designed to help families during the COVID-19 lockdown. The changes...
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Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
