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Month: July 2020

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Making Tax Digital to be Extended from April 2022

Making Tax Digital to be extended from April 2022 A couple of days ago there was an announcement that was hidden away from most taxpayers but the implications of which will have a major effect on many. After delay after delay caused by Brexit and now Coronavirus the government have now announced they will be…
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Deferring your July payment on account – Is it is good idea?

Deferring your July payment on account – Is it is good idea? To help those suffering cashflow difficulties as a result of the Covid-19 pandemic, the Government have announced that self-assessment taxpayers can delay making their second payment on account for 2019/20. The payment would normally by due by 31 July 2020. Under self-assessment, a…
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Government Summer Statement – Further Coronavirus help for business and individuals

Government Summer Statement – Further Coronavirus help for business and individuals On 8th July the Chancellow announced some further help for businesses and individuals. Here is a summary. Job Retention Bonus The government will pay a one-off £1000 payment to employers for every furloughed employee retained to the end of January 2021 This is conditional…
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Companies House – Changes to Filing Dates

Companies House filing deadlines have changed The Corporate Governance and Insolvency Act became law at the end of June and with it came a raft of extensions to filing dates at Companies House. Where an extension is possible it has been automatically processed by Companies House and you no longer need to apply for permission…
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Seven important things to know about the new flexible furlough rules

1. Who can I place on flexible furlough? From 1 July 2020 only employees that you as an employer have claimed for previously will be eligible for more grants under the Job Retention Scheme. This means they must have previously been furloughed for at least three consecutive weeks taking place any time between 1 March…
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