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Tag: Defer VAT During The COVID-19 Pandemic

Defer VAT during the COVID-19 pandemic 16/May/2020
Defer VAT During The COVID-19 Pandemic

To help businesses struggling with their cash flow during the COVID-19 pandemic, VAT registered businesses can opt to defer the payment of VAT that becomes due between 20 March 2020 […]

Help for the self-employed during the COVID-19 pandemic 15/May/2020
Help for the Self-Employed During the COVID-19 Pandemic

The self-employment income support scheme (SEISS) provides financial help to self-employed traders and partners in partnerships who have lost income as a result of the COVID-19 pandemic. Not all self-employed […]

Self-employment Income Support Scheme launched 14/May/2020
Self-employment Income Support Scheme launched

The Self-employment Income Support Scheme (SEISS) opened for applications at 8am on 13 May 2020. The scheme will provide grants of up to £2,500 per month based on 80% of

What can be done with property rental losses? 14/May/2020
What can be done with property rental losses?

During the COVID-19 pandemic, landlords may find that tenants are unable to pay their rent, and, when a let comes to an end, that they are unable to re-let the […]

Working Tax Credits are now increased 13/May/2020
Working Tax Credits are now increased

We would like to remind our readers that as part of the package of measures to tackle the Coronavirus outbreak, the basic element Working Tax Credit payments was increased to

Financial support if you have Coronavirus symptoms 13/May/2020
Financial support if you have Coronavirus symptoms

Guidance is published by the Department for Work and Pensions about support measures in place if you are employed and have Coronavirus symptoms.

You must tell your employer as

Self-employed and getting no work 13/May/2020
Self-employed and getting no work?

If you are self-employed and qualify for the Self-employment Income Support Scheme you could receive a cash grant from HMRC based on 80% of your profits, up to £2,500 per

Lost your job? What to do 13/May/2020
Lost your job? What to do…

If you lost your job after 28 February 2020, your previous employer could have agreed to re-hire you and then place you on furlough. However, there is no compulsion on the part of

Working from home tax breaks 13/May/2020
Working from home tax breaks

HMRC has a useful guide for employers who have employees working from home due to the COVID-19 outbreak. This could be a result of the workplace being closed or because employees

Businesses that must presently stay closed 13/May/2020
Businesses that must presently stay closed

Government guidance on businesses in England that must presently stay closed has been updated. The government is clear that failure to follow the law relating to these closures can

No VAT on supply of personal protective equipment 13/May/2020
No VAT on supply of PPE

The government has introduced a zero-rate of VAT on the sale of personal protective equipment (PPE) for Covid-19. The temporary measure will apply from 1 May 2020 until 31 July

Leaving your main residence to go into care 13/May/2020
Leaving your main residence to go into care

There may come a time when an individual can longer manage on their own at home and has to leave their main residence to go into care. Depending on their […]

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