Tax Diary June/July 2020
1 June 2020 – Due date for Corporation Tax due for the year ended 31 August 2019. 19 June 2020 – PAYE and NIC deductions due for month ended 5 June 2020. (If you pay your tax electronically the due date is 22 June 2020) 19 June 2020 – Filing deadline for the CIS300 monthly […]
Trade Credit Insurance update
Trade Credit Insurance provides cover to hundreds of thousands of business to business transactions, particularly in non-service sectors, such as manufacturing and construction. It covers suppliers selling goods against the company they are selling to, defaulting on payment and giving businesses the confidence to trade with one another. Due to Coronavirus and businesses struggling to […]
Calculating holiday pay for workers without fixed hours
Government guidelines on this topic advise: The amount of pay that a worker receives for the holiday they take depends on the number of hours they work and how they are paid for those hours. The principle is that pay received by a worker while they are on holiday should reflect what they would have […]
Coronavirus Job Retention Scheme (CJRS)
On 12 May 2020, the Chancellor confirmed that this scheme will be extended until 31 October 2020. On the 29th May he confirmed the details of how the scheme would be changed to a flexible arrangement from 1 July 2020. Until 1 September 2020, claims for time not worked will continue to be based on […]
Self-employed grants claim process now open
Since 13 May 2020, it has been possible to use online processes, accessed via the gov.uk website, to: Clarify if you are eligible to apply for the Self-Employed Income Support Scheme, and Lodge your claim. Payment should usually be in your bank account within 6 days. Are you eligible? By entering your unique tax reference […]
