Companies to receive 3-month extension period to file accounts
Companies House has confirmed businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19. From today (25 March 2020), businesses will be able to apply for a 3-month extension for filing their accounts. In our opinion this is no different […]
HMRC have confirmed businesses deferring their VAT will need to cancel their direct debits as payments will still be taken
Businesses looking to defer their VAT payments must act now and cancel their direct debits or payments will still be taken by HMRC. As mentioned on 20/03/20 VAT payments between 20/03/20 and 30/06/20 can be deferred until the end of the 2020/21 tax year. This will generally mean quarter payments normally made on 07/04/20, 07/05/20 and […]
Updated tax tables for the 2020/21 tax rates and allowances are now available to download
The 2020/21 tax rates and allowances are available to download here. Contact us if you would like a handy pocket size printed copy.
There could be good news for self-employed workers on its way this week?
As previously mentioned, self-employed workers have not received their fair share of support during the coronavirus crisis. As the UK wakes up to the most significant set of restrictions on British life in living memory we hope we have some good news to report. The Coronavirus Bill introduced to the House of Commons on 19/03/20 was amended […]
Self-employed in the UK? Where is your support from the Government?
The Governments financial support to the current coronavirus crisis has generally been good and there have been several measures to support UK businesses and employees. These measures will provide businesses and employees some comfort in these difficult time as reported in our previous articles of 18/03/20 and 20/03/20. There is a large group of UK workers who have […]
We are and will remain open for business but to assist with social distancing we are encouraging everyone to call us instead of visiting *UPDATED* our offices are now closed to visitors but we are still open and working remotely
As of Monday 23/03/20 our office will still be open but with only minimal staff. We are still working but most of our staff will now be working from home as advised by the Government. To assist with social distancing we would encourage our clients to call instead of visiting and stop the spread of the virus. […]
Today (20/03/2020) the Chancellor Rishi Sunak has announced a number of further financial aid measures to help businesses and individuals during the Coronavirus crisis
During today’s press conference the Chancellor announced a number of new financial measures to help businesses and individuals during the current Coronavirus crisis. His announcement included the following: In addition the Prime Minister has also announced the closure of all cafes, pubs, bars, clubs, restaurants, gyms, leisure centres, nightclubs, theatres and cinemas from tonight. A […]
The Bank of England has further reduced interest rates
Today the Bank of England has announced a further cut in the base rate of interest from 0.25% to 0.1% taking the cost of borrowing down to the lowest level in history. The Bank also said it would increase its holdings of UK corporate and government bonds by £200bn with an effort to lower the […]
The government have announced a postponement of the reforms to the off-payroll working rules from 6 April 2020 to 6 April 2021
On Tuesday, Steve Barclay the Chief Secretary to the Treasuryannounced the government is postponing the reforms to the off-payroll working rules, IR35, from 6 April 2020 to 6 April 2021. The suspension comes in response to the ongoing spread of COVID-19 and is a deferral, not a cancellation.
Coronavirus: if your company cannot file accounts with Companies House on time
If Coronavirus (COVID-19) has affected your company and you need more time to file your accounts, you should act before your filing deadline. If before the company is due to file their accounts and it becomes apparent that accounts will not be filed on time due to your company being affected by Coronavirus (COVID-19), you may […]