UK Export Finance scheme extended to more than 100 overseas territories

UK Export Finance scheme extended to more than 100 overseas territories

Oct 08, 2020

The Government’s UK Export Finance (UKEF) scheme has now been extended to support international trade in more than 100 countries, it has been announced. The changes come ahead of the end of the Brexit transitional period on 31 December 2020, after ...

Blog, HMRC, Personal accounting, Tax

Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed

Oct 06, 2020

From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs (HMRC) adviser first. On 24 September 2020, the Chancellor announced that ...

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Government issues new guidance on the Job Retention Bonus

Oct 05, 2020

Employers will be able to apply for the Job Retention Bonus (JRB) between 15 February 2021 and 31 March 2021. This one one-off taxable payment to employers offers £1,000 for each eligible employee that was furloughed and kept continuously employed until ...

Blog, Personal accounting, Tax, VAT

Time to Pay threshold increased to £30,000

Oct 02, 2020

From this week, Self Assessment customers affected by Covid-19 can apply online to spread the cost of their tax bill into affordable monthly payments. The amount of tax liabilities which can be spread out has also been increased from £10,000 to ...

Blog, Business accounting, Business Advice, SMEs

SMEs are still chasing unpaid invoices

Sep 28, 2020

The disruption of business, due to the coronavirus pandemic, has meant many companies are still waiting on unpaid invoices from their debtors. According to a Freedom of Information request to the Small Business Commissioner (SBC), submitted by the UK Domain, there ...

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Chancellor announces new Job Support Scheme and package of business support measures

Sep 24, 2020

The Chancellor, Rishi Sunak, has announced a new job protection scheme and a range of new business support measures. Announcing his Winter Economy Plan at a hastily arranged statement in the House of Commons, ...

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HMRC sends thousands of letters to employers for ‘incorrect’ CJRS claims

Sep 23, 2020

HM Revenue & Customs (HMRC) has been writing to thousands of employers, asking them to review the Coronavirus Job Retention Scheme (CJRS) claims they have already made for errors – often without specifying what is wrong with the claim or ...

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Government reinstates advice to work from home ‘if you can’

Sep 23, 2020

The Prime Minister has reinstated the advice for people to work from home if they can, following an increase in the incidence of Coronavirus in recent weeks. The advice, which was first issued in March 2020, was withdrawn at the beginning ...

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Government introduces legal duty to self-isolate, with big penalties for employers that prevent staff from following the rules

Sep 23, 2020

Speaking in the House of Commons, the Health Secretary, Matt Hancock, has announced a legal duty to self-isolate for people who have tested positive for COVID-19 or are asked to do so by NHS Test and Trace. People who fail to ...

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Event and conference re-openings no longer allowed to go ahead

Sep 23, 2020

Plans for the phased reopening of stadiums, business events and conferences on 1 October will now no longer go ahead. The Government’s ‘rule of six’ will also be extended to indoor team events and the number of people able to attend ...

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