More recent posts
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Furlough scheme – outline changes announced
The Chancellor has announced plans to end the Furlough scheme on 31 October 2020, with Government contribution levels gradually reducing from 1 August. From 1 July 2020, businesses…
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Furlough scheme to run until October
Chancellor Rishi Sunak has today announced that the Coronavirus Job Retention Scheme will be extended by four months until the end of October. Employers will be able to…
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Small businesses offered “bounce back” loans
HM Treasury (HMT) has announced details of a new 100% Government-backed loan scheme for small businesses. Under the scheme, businesses will be able to borrow between £2,000 and…
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Annual Reporting for Employment Related Securities
To date we have not been advised of any Covid-19 related extension covering the reporting of Employment Related Securities, however, we will advise if this situation changes. Therefore,…
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The Coronavirus Job Retention Scheme (CJRS) officially went live yesterday – 20 April
67,000 claims were made within 30 minutes of its opening. By the end of the day, 140,000 companies had applied for the scheme. The online system should be…
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Changes to inheritance tax payments and returns processes
HM Revenue & Customs (HMRC) will no longer accept payment of inheritance tax (IHT) by cheque, and will not issue repayments by cheque any longer. The change in…
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New requirements for reporting and paying Capital Gains Tax (CGT) on disposals of UK residential property
Whilst many property transactions may unexpectedly have been put on hold in recent weeks, UK resident individuals and trustees disposing of UK residential property need to be mindful…
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Preparing for the Coronavirus Job Retention Scheme
We can help you get ready to make a claim under the Coronavirus Job Retention Scheme. If you are eligible for the scheme, there are things that you…
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Update on R&D tax relief in the light of the COVID-19 pandemic
We have received a number of queries regarding R&D at the current time. The situation is obviously fast-changing, but HMRC have currently indicated: However, as we now know…