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05 Nov 2020

Furlough scheme extended

On 5 November, Chancellor Rishi Sunak announced that as part of the new national lockdown the Coronavirus Job Retention Scheme (CJRS) has been extended until the end of March 2021.

05 Nov 2020

Increased support made available for the self employed

The government has increased the support available to self-employed workers and extended its emergency business loan schemes.

05 Nov 2020

Chancellor approves grants for businesses closed by lockdown

Chancellor Rishi Sunak has announced approved additional funding for cash grants to support businesses required to close in England due to the lockdown.

05 Nov 2020

Self assessment customers to benefit from enhanced payment plans

Self assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments.

05 Nov 2020

Taxpayers claim tax relief for working from home

HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home.

05 Nov 2020

Brexit imports and exports

From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc.

05 Nov 2020

ATT issues last call for firms seeking to use increased Annual Investment Allowance

The Association of Taxation Technicians (ATT) has issued a last call for businesses looking to make use of the increased Annual Investment Allowance (AIA).

05 Nov 2020

Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin.

02 Oct 2020

Job Support Scheme

The existing job support scheme, the furlough scheme, comes to an end on 31 October.

02 Oct 2020

Winter Economy Plan support for the self-employed

As part of the Winter Economy Plan the Self-Employment Income Support Scheme (SEISS) will be extended under the name SEISS Grant Extension.

02 Oct 2020

VAT deferral and enhanced Time to Pay for self assessment

As part of the Winter Economy Plan the government has announced options for deferred VAT and income tax self assessment payments.

02 Oct 2020

Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes

The government has announced options to extend terms and change payments.

02 Oct 2020

The VAT reverse charge

HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.

02 Oct 2020

Ministers announce new grants for businesses affected by local lockdowns

Businesses in England that are required to shut because of local interventions will now be able to claim up to £1,500 per property every three weeks.

02 Oct 2020

New trade arrangements with the EU from 1 January 2021

HMRC has sent letters to VAT-registered businesses in Great Britain trading with the EU, or the EU and the rest of the world.

02 Oct 2020

House sales rise following the introduction of stamp duty holiday

The government has announced that residential property transactions rose in August following the introduction of a stamp duty holiday.

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