Government publishes new ‘Covid Secure’ guidance

Jun 25, 2020

The Government has published new ‘Covid Secure’ guidance following the announcement that businesses in England including pubs, bars, restaurants, hair salons, barbers, hotels and bed and breakfasts may reopen from 4 July 2020. The latest documents, prepared by the Department for ...

Blog, HMRC

Stamp duty: Government relaxing three-year rule for reclaiming surcharge for exceptional circumstances in relation to COVID-19

Jun 15, 2020

The Government is relaxing the three-year rule for reclaiming the Stamp Duty Land Tax (SDLT) surcharge for exceptional circumstances where a property could not be sold during the three-year time limit because of the impact of the coronavirus pandemic. Under the ...

Blog

Employees returning from parental leave continue to be eligible for furlough scheme

Jun 15, 2020

Employees returning from statutory maternity and paternity leave in the next few months will remain eligible for furlough through the Coronavirus Job Retention Scheme (CJRS). Since 10 June, it has no longer been possible to furlough an employee for the first ...

Blog

Whistleblowers make almost 2,000 allegations of furlough fraud

Jun 15, 2020

Figures show that almost 2,000 allegations of furlough fraud have been made by whistleblowers against employers, with HM Revenue & Customs (HMRC) expected to impose steep penalties on businesses and directors found to have abused the scheme. Such claims come in ...

Blog

Guidance on exceptional circumstances for higher rate SDLT refunds updated

Jun 15, 2020

HM Revenue & Customs (HMRC) guidance that sets out the exceptional circumstances allowing homeowners to claim higher rate Stamp Duty Land Tax (SDLT) refunds beyond the usual timeframes has been updated. The updated guidance means that homeowners in England and Northern ...

Blog

Trade Credit Insurance backed by £10 billion guarantee

Jun 15, 2020

The Government will provide up to £10 billion of guarantees to Trade Credit Insurance schemes for business-to-business transactions. The spending commitment, known as the Trade Credit Reinsurance scheme, has been agreed following extensive discussions with the insurance sector. The new scheme will ...

Blog

VAT deferral refund available

Jun 15, 2020

Taxpayers that wished to defer VAT payments, but did not cancel their Direct Debits in time can claim a refund, according to HM Revenue & Customs (HMRC). The tax authority has confirmed that taxpayers that intended to defer VAT payments due ...

Blog

Government delays VAT Reverse Charge

Jun 15, 2020

The Government has announced that the controversial VAT Reverse Charge rules for the construction sector will be delayed until 1 March 2021 due to the Coronavirus pandemic. The VAT Reverse Charge rules, which effectively transfer the responsibility of paying VAT from ...

Blog

Further clarification issued on eligibility for second round of Self-Employment Income Support Scheme

Jun 15, 2020

HM Revenue & Customs (HMRC) has issued further details of eligibility for the second round of the Self-Employment Income Support Scheme (SEISS), which will provide taxable grants to self-employed individuals. The grants will be 70 per cent of average monthly trading ...

Blog

HM Revenue & Customs publishes detailed guidance on calculating furlough claims from July onwards

Jun 15, 2020

HM Revenue & Customs has published detailed guidance on the operation of the Coronavirus Job Retention Scheme (CJRS) from 1 July 2020 onwards, including examples of how to calculate claims for the new flexible furlough option. The CJRS currently provides grants ...

Blog