22/Apr/2020New £1.25bn package for innovative firms
The government has announced a new £1.25bn scheme to help innovative firms survive the coronavirus pandemic.
The package is made up of:
£500 million investment fund
22/Apr/2020Agent update April 2020
HMRC has released the latest bi-monthly issue of the 'Agent Update' publication which includes summaries of recent changes and updates that have been announced. The
22/Apr/2020Companies House support for businesses
Companies House has confirmed that businesses will be provided with additional support to help them meet their legal responsibilities in light of the COVID-19 outbreak.
The
22/Apr/2020VAT Road Fuel Scale Charges
The new VAT road fuel scale charges have been published. The changes amend the VAT scale charges for taxing private use of road fuel to reflect changes in fuel prices.
The new
16/Apr/2020New guidance on social distancing in the workplace
The government has published sector-specific guidance for employers in England on social distancing in the workplace during coronavirus (COVID-19). The guidance covers how social
15/Apr/2020What is Overtrading?
Once the present lock-down is eased, those businesses that have manged to weather the disruption will be eager to start selling.
Sales will be the indicator that receives the most
15/Apr/2020Cost v investment?
There is a temptation to treat expenditure as a cost. The Cambridge Online dictionary defines cost as:
“The amount of money needed to buy, do, or make something”
What
15/Apr/2020Delaying Import Duty/VAT Payments as a Result of COVID – 19
Many businesses that import goods into the UK from outside the EU operate deferment accounts, which allow payment of import VAT and duty to be delayed for 15 days after […]
14/Apr/2020£750m support for charities
The Chancellor, Rishi Sunak, has announced an additional £750m of funding for front-line charities to help them to continue their vital work during the COVID-19
14/Apr/2020Employees that can be furloughed
As we have written about previously, the Coronavirus Job Retention Scheme (CJRS) provides significant government support to allow employers to furlough employees and apply for a
14/Apr/2020Tax credits increase
The basic element Working Tax Credit payment has been increased from an expected £1,995 to £3,040 for the 2020-21 tax year that commenced 6 April 2020. This is part of
14/Apr/2020Claiming Child Benefit for newborns
HMRC has confirmed that parents of new-borns will still be able to claim Child Benefit despite the outbreak of Coronavirus. The weekly rates of child benefit for the only or eldest




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