The deferral of VAT payments due to coronavirus comes to an end on 30 June and businesses need to take action to reinstate their direct debit mandates. The Institute of Chartered accountants in England and Wales (ICAEW) Tax Faculty has reminded its members. The VAT...

C19 BUSINESS NEWS UPDATE Today we catch up with the launch of the Local Authority Discretionary grant funds in England and how you can watch videos and register for the free Government webinars to learn more about the support available to help you deal with the...

C19 BUSINESS NEWS UPDATE INTRODUCTION In this article we outline details of the Governments advice on how to treat certain expenses and benefits provided to employees during the Pandemic. We also outline support from business representative organisations and trade...

C19 BUSINESS NEWS UPDATE In this article, we detail the latest Government supports and guidance. The Furlough scheme is changing, and we will keep you updated about your record keeping requirements in due course. The self-employment support scheme has been extended...

C19 Business News Update Thousands of high street shops, department stores and shopping centres across England are set to reopen next month once they are COVID-19 secure and can show customers will be kept safe, the Prime Minister Boris Johnson has confirmed today....

Economy Minister @KenSkatesMS announced on Wednesday that Welsh Government expects to re-open the Economic Resilience Fund in June. He is also widening the terms of eligibility for non-VAT registered limited companies, and developing support for businesses not yet...

The UK government issued a guidance detailing how holiday entitlement and pay operate during the coronavirus pandemic, where it differs from the standard holiday entitlement and pay guidance. It is designed to help employers understand their legal obligations, in...

CIRCULAR ECONOMY FUND Due to coronavirus, many organisations are facing significant challenges. In response to this WRAP Cymru have implemented changes to the £6.5 million Circular Economy Fund, created to support even more organisations. In addition to funding the...

Chancellor Extends Furlough Scheme Until October The government’s Coronavirus Job Retention Scheme will remain open until the end of October, The key points announced by Chancellor Rishi Sunak are: Coronavirus Job Retention Scheme will continue until end of October...

The Government has published guidance for employers to help them get their businesses back up and running and workplaces operating safely. New ‘COVID-19 secure’ guidelines are available to UK employers to help them get their businesses back up and running and...

Self Employed Income Support (SEIS) Under the Coronavirus Scheme HMRC have issued some more details relating to the claims for the Self-Employed Income Support. Details are in the link highlighted below. As with many HMRC “guidance notes” issued recently, these tend...

On 15 April 2020 the Government announced further updates to the Coronavirus Job Retention Scheme. The main changes include: 1. Change of Payroll date to 19 March 2020 Previously, any employee eligible to be furloughed must have been on the employer’s PAYE payroll...

A grant of up to £10,000 is available to assist microbusinesses that have been affected by the COVID-19 outbreak. This grant can only be claimed by businesses that meet the following criteria: employing between 1 and 9 employees (in addition to the business owner)...

OUR THOUGHTS ON COCOONING A BUSINESS Customers and suppliers - if the business is a vital link in a supply chain then there may be an opportunity to agree with customers / suppliers for relaxed terms to continue trading. Expected revenues – If the expected revenues...

Although there is no detailed guidance available in respect of furloughing directors our interpretation of the Job Retention Scheme is as follows: Furloughing for normal employee type duties If, as a director you were on the payroll, engaged under an existing written...

Coronavirus self-Employed Income Support Scheme (CSEISS) Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships. The scheme is called the Coronavirus Self-employment Income Support Scheme (CSEISS). If you have suffered a loss in...

HM Revenue & Customs (“HMRC”) have today confirmed that, if you are required to make a payment on account on the 31 July 2020, this may be deferred until 31 January 2021. Previously, this was only available to the self-employed but this has now been extended...

PLEASE NOTE: THIS IS AN EXAMPLE ONLY AND SHOULD NOT BE RELIED UPON UNTIL YOU HAVE CONFIRMED CONTENTS WITH YOUR LAWYERS AND / OR HR SPECIALISTS FURLOUGH LETTERS An employee furlough refers to a temporary leave or modification of normal working hours for a specific...

The UK government is supporting businesses during the coronavirus pandemic by deferring VAT and self assessment payments for six months. I have outlined below how the proposed action will work: VAT The deferral for VAT payments applies from 20 March 2020 until 30 June...