RESOURCES

COVID

Working abroad – PAYE aspects

PAYE when you go abroad The purpose of this note is to explain the UK payroll situation when an employee of a UK company goes to work abroad. It is a question that we have recently been asked as employees are forced to stay abroad for longer than they anticipated because of Covid. Basic rule […]

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On Furlough? Need to apply for Pre Settled Status?

Purpose of note The purpose of this note is to remind European nationals (and their employers) that they need to apply for UK ‘Pre Settled Status’ by 30 June 21. If they don’t, they will need to follow the points-based immigration rules, which will make it much more difficult for them to work in the […]

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2021 Budget Update

Aim of note The aim of this note is to summarise some of the policies announced in yesterday’s budget. I have selected the points that are most likely to be relevant to our clients. The list is not meant to be comprehensive. You can see a summary of the points here and the full budget […]

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COVID: VAT deferral extended

Overview HMRC recently provided an update of their VAT deferral scheme. This note summarises HMRC’s guidance, You can read the guidance in full here. The VAT deferral scheme Basically, if you deferred VAT payments at the start of COVID (between 20 March and 30 June 2020) and you still have payments to make, you can […]

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Extension of the UK Job Retention Scheme and introduction of the Local Restrictions Support Grant

Job Retention Scheme extended and Local Restrictions Support Grant announced Over the weekend the UK Government made two announcements that will help to support UK businesses: extension of the Job Retention Scheme; and creation of a Local Restrictions Support Grant Job Retention Scheme The Job Support Scheme that was recently announced has been suspended and […]

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Personal Tax – Reduce your second payment on account

Why you might need to reduce your second payment on account Many people will have deferred their personal tax second payment on account because of COVID and wont now need to make the payment (initially due 31/7/20) to 31/1/21. However, because of reduced income, it may be that the size of this second payment account […]

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Job Support Schemes (Revised)

Background to the new Job Support Schemes As you probably remember, the initial wage subsidy offered by the Government to employees was called the Furlough Scheme. This scheme comes to an end at the end of October and claims for October need to be submitted to HMRC no later than 30/11/20. On 24 September the […]

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Update on the UK Job Retention Scheme

The rules on the Job Retention Scheme are changing The aim of this note is to provide you with an update on the UK Job Retention Scheme and follows various announcements and changes made by the UK Government. The rules that are planned to operate each month are, in summary as follows. Job Retention Scheme […]

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Covid Bounce Back Loan

Background to the Bounce Back Loan The UK Government has announced that a new loan will be available from today to help small businesses.  Details of the loan, called a ‘Bounce Back Loan’ can be found on the following web-site: https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan. Bounce Back Loan – summary In summary, the loan: is aimed at helping small and […]

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Can a sole director be furloughed?

Two reasons why we don’t think a sole director can be furloughed The question that I am trying to address here is if a sole director can furlough himself or herself In summary, there are two reasons why I don’t think that this is allowed under the current rules: Reason 1: A company must always […]

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