Blog
Advisory Fuel Rates: updates from 1 December 2020
Nov 30, 2020
HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to ...
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Self-employed profits must be “significantly reduced” to claim third SEISS grant, says HMRC
Nov 26, 2020
Self-employed workers’ profits must be “significantly reduced” in order to claim the third instalment of the Self-Employment Income Support Scheme (SEISS), it has been revealed. The new guidance comes less than a week before applications open on 30 November 2020. Under previous ...
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Companies House to scrap paper reminder letters
Nov 26, 2020
Companies House has announced that businesses will no longer receive reminder letters, as it seeks to end paper communications. Businesses across the UK have been receiving a notification letter by post letting them know that Companies House is withdrawing this service, ...
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Third round of Self-Employment Income Support Scheme (SEISS) opens on Monday with tighter eligibility criteria
Nov 26, 2020
The third round of the Self-Employment Income Support Scheme (SEISS) will open on Monday 30 November 2020 with tighter eligibility criteria than have applied to the previous two rounds of the scheme. The third grant is worth 80 per cent of ...
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Important deadlines approach for the furlough scheme
Nov 26, 2020
Businesses across the UK are being reminded of key deadlines and actions for the Coronavirus Job Retention Scheme (CJRS), which are just days away. The CJRS was extended recently to 31 March 2021 for all parts of the UK. Since 1 ...
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Spending Review highlights long-term economic impact of Coronavirus pandemic
Nov 26, 2020
The Chancellor’s statement to Parliament setting out his Spending Review decisions came against a backdrop of predictions from the Office for Budget Responsibility (OBR), which indicated that the UK economy will shrink by 11.3 per cent this year – the ...
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The New COVID-19 Tier System
Nov 25, 2020
body {font-family: arial;} tr, td { padding: 10px !important; margin: 10px !important; }p {margin: 0 0 0 0 !important; color:#fff !important;} When the national temporary lockdown ends in England on 2 December 2020, the country will enter a new tougher, tiered local system of restrictions. ...
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HMRC’s amended guidance on late furlough claims
Nov 23, 2020
On 19 November 2020, the Government amended its guidance to give examples of what is meant by a ‘reasonable excuse’, for submitting furlough claims past the deadline. Claims need submitting within two weeks of the end of the previous calendar month ...
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HMRC to investigate Eat Out to Help Out scheme claimants
Nov 19, 2020
Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced. The warning comes after the regulator revealed that it would ...
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Proposed R&D cap for SMEs published
Nov 16, 2020
On 12 November 2020, the details of the proposed Small and Medium-sized Enterprise (SME) Cap, which is due to come into effect on 1 April 2021, was published. This cap is on the amount of payable credit ...
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