IR35: House of Lords committee calls for reform of off-payroll working rules

Posted in Blog, HMRC, SMEs, SMEs / Business, Tax | Posted on 30 Apr, 2020

A House of Lords committee report that is reviewing the planned changes to the IR35 off-payroll working rules has called for a reform of the rules, stating that there are ‘inherent flaws’ in the legislation.

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Businesses who defer VAT payments should continue to file returns as usual, says HMRC

Posted in Blog, COVID-19 Knowledge Hub, HMRC, SMEs, SMEs / Business, Tax | Posted on 28 Apr, 2020

Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed.

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Covid-19: New guidance for Community Interest Companies

Posted in Blog, COVID-19 Knowledge Hub | Posted on 27 Apr, 2020

The Government has published new guidance advising Community Interest Companies (CICs) on how to meet statutory guidelines while protecting the health and welfare of workers during the coronavirus pandemic. The guidance comes after a number

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Retail, hospitality and leisure firms set for £10 billion business rates savings

Posted in Blog, COVID-19 Knowledge Hub, SMEs, SMEs / Business, Tax | Posted on 24 Apr, 2020

Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed.

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Charities at increased risk of cybercrime amid coronavirus pandemic, warns Charity Commission

Posted in Blog, COVID-19 Knowledge Hub | Posted on 21 Apr, 2020

Charitable organisations are at an increased risk of cybercrime and fraud during the COVID-19 pandemic, a regulator has warned. According to the Charity Commission, fraudsters are “exploiting” the spread of the virus to carry out

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Are you up to speed with new Capital Gains Tax 30-day rule for residential property?

Posted in Blog, Tax | Posted on 9 Apr, 2020

The UK has seen a significant change to the rules surrounding Capital Gains Tax (CGT) on the disposal of residential property.

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Government extends Coronavirus Business Interruption Loan Scheme to all SMEs

Posted in Blog, COVID-19 Knowledge Hub, SMEs, SMEs / Business | Posted on 7 Apr, 2020

More than £90 million in finance has been approved since the launch of the Coronavirus Business Interruption Loan Scheme (CBILS), it has been revealed.

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COVID-19: Government to cover employer NICs and pension contributions of furloughed workers

Posted in Blog, COVID-19 Knowledge Hub, SMEs, SMEs / Business | Posted on 3 Apr, 2020

The Government has announced that it will cover employer National Insurance Contributions (NICs) and pension contributions of furloughed workers.

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HMRC: Self Assessment payment on account deferral scheme open to ALL taxpayers

Posted in Blog, COVID-19 Knowledge Hub, HMRC, Tax | Posted on 27 Mar, 2020

The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.

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Coronavirus – Guidance for the charity sector

Posted in Blog, COVID-19 Knowledge Hub | Posted on 27 Mar, 2020

Charities across the UK will be facing many of the same challenges as regular businesses, as well as additional complications due to the nature of their operations and the governance regulations that they are required

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