Changes announced to Coronavirus Business Interruption Loan Scheme (CBILS)

Many small businesses that have applied for a government backed CBILS loan thus far have been offered standard overdrafts and ...
Read More

HMRC interest rates

Following the recent cut in the Bank of England base rate from 0.25% to 0.1%, HMRC has announced changes to ...
Read More

Removing your home address from the public register

Company directors, company secretaries, people with significant control (PSC) and LLP members can apply to remove their personal addresses from ...
Read More

Businesses and employers in Northern Ireland

The Northern Ireland Office (NIO) is a UK government department responsible for Northern Ireland affairs. The NIO seeks to ensure ...
Read More

Financial support for exporters

There is a special financial support targeted specifically at exporters. This is in addition to the package of government-backed and ...
Read More

Contactless payment limit increased

The spending limit for contactless card payments has been increased from £30 to £45 effective 1 April 2020. The change ...
Read More

Coronavirus deferral of VAT payments

In another move to help businesses the government announced that VAT registered businesses can defer any VAT payments due between ...
Read More

Coronavirus – relaxation of insolvency rules

New insolvency measures have been announced to help prevent businesses unable to meet debts, due to the impact of Coronavirus, ...
Read More

Further details on Coronavirus Job Retention Scheme

HMRC has published further details on how the new Coronavirus Job Retention Scheme will work in practice. It had already ...
Read More

Relaxation of phone contracts during COVID-19 outbreak

An interesting joint statement from the Government, Ofcom and the telecommunications industry has been published to help offer support to ...
Read More

Working Tax Credits increased for one year

As part of the package of measures to tackle the Coronavirus outbreak, the government has announced that the basic element ...
Read More

Coronavirus tax payment helpline

The phone number for the COVID-19 helpline launched earlier this month has been changed to 0800 024 1222. Calls to ...
Read More

Directors – between a rock and a hard place

Directors that have drawn remuneration from their companies as a mix of low salary and higher dividends would seem to ...
Read More

Deferring VAT and tax payments

As part of the government’s response to assist businesses during the COVID-19 crisis is the offer to defer VAT and ...
Read More

Converting assets into cash in the bank

During and after any period when economic activity is depressed, companies that survive the process are those that manage their ...
Read More

Tax Diary April/May 2020

1 April 2020 - Due date for Corporation Tax due for the year ended 30 June 2019. 19 April 2020 ...
Read More