Latest News from Royston Parkin

It is tempting to assume that government departments are drawing back from exercising their powers to challenge taxpayers due to COVID disruption, but it would

1 August 2020 – Due date for Corporation Tax due for the year ended 31 October 2019. 19 August 2020 – PAYE and NIC deductions

In an update to the GOV.UK website recently the following post appeared: The Chancellor has written to the OTS (Office of Tax Simplification), to ask

Recent economic forecasts for 2020 published by H M Treasury will do little to inspire business confidence. In their comparison of independent forecasts published last

In an attempt to address the financial difficulties of businesses in the hospitality and tourism industries, Rishi Sunak also announced a range of VAT reductions

In his recent Summer Statement, Rishi Sunak announced changes to the nil rate band of Stamp Duty Land Tax (SDLT) to be applied in England

A Fix your Bike Voucher Scheme has been launched by the Department for Transport as an incentive to encourage the numbers of people using their

At the heart of Doncaster Town Centre is the historic market, Regency buildings and a rich railway taking people far and wide across the United Kingdom. However,

New legislation applies from 31 July 2020 to ensure that furloughed employees receive statutory redundancy pay based on their normal wages, rather than a reduced

We have been waiting for some time for government to announce an extension to its Making Tax Digital (MTD) program; this they did last week.

It seems fairly likely that we are heading for a no-deal exit from the EU, 1 January 2021. Many smaller businesses that presently import or

Many businesses in vulnerable sectors may have slipped into a loss making position following lock-down. Some of those businesses may have availed themselves of government

Theatres’ Back on Stage Social distancing will be challenging theatres and other performance arts facilities as they grapple with the news announced last week that

The furlough scheme has enabled employers to defer decisions about their workforce – who to retain, who to let go – but as from the

The government announced further easing of lock-down restrictions last week. Outdoor pools can reopen to the public from 11 July, followed by indoor gyms, pools

If you submit a self-assessment tax return you may need to consider your options as any second payments on account for 2019-20, are coming due

The Chancellor, Rishi Sunak continued with his campaign to support the business and jobs community today, 8 July 2020, as firms engage with the disruption

As the town of Leicester demonstrates, the recent announcement that many businesses would be able to reopen since 4 July 2020, depends on local conditions.

A number of EU countries have reduced VAT rates in an attempt to stimulate the economy: if VAT rates fall, prices should fall encouraging consumers

1 July 2020 – Due date for corporation tax due for the year ended 30 September 2019. 6 July 2020 – Complete and submit forms

A package of support to help high streets to get back on their feet was launched 12 June 2020. This announcement was made just days

It is now confirmed that the UK will neither accept nor seek any extension to the Transition Period. From 1 January 2020, the UK will

One aspect of the 1 July changes to the CJRS was the closing date to new entrants was set as 30 June 2020. This disadvantaged

Last month we commented on the changes to the Coronavirus Job Retention Scheme (CJRS) that commenced at the beginning of this month (1 July 2020).

The changes to lock-down announced by the Prime Minister last week are summarised below. Most are effective from 4th July 2020. Pubs, restaurants and hairdressers

Option to defer VAT payments   One of the government’s schemes to assist VAT registered businesses with their cashflow during the current COVID disruption was

Leaving salaries or dividends in your company Director/shareholders of small companies may be considering reducing their salaries and/or dividends during this uncertain period. Even if

Support for High Street The High Street Task Force has launched a range of support options for High Street traders in England. In a press

The precautions taken by government to contain the COVID-19 outbreak, commonly known as lock-down, have created varying problem for UK businesses. As we ease our

Renters across England and Wales will receive greater protection after the government extended the suspension of new evictions until 23 August.   The Ministry of

HMRC released more information on the up-coming changes to the furlough scheme (CJRS) last week. A summary of two of the issues are set out

A time-table has been announced for the re-opening of thousands of high street shops, department stores and shopping centres in England once they are COVID

1 June 2020 – Due date for Corporation Tax due for the year ended 31 August 2019. 19 June 2020 – PAYE and NIC deductions

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

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

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

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

The Chancellor, Rishi Sunak, announced the following changes to the Self-Employed Income Support (SEISS) and Coronavirus Job Retention Schemes (CJRS) at the close of business

HMRC advice for people choosing to give up their income to support their business or donate to charity during the coronavirus (COVID-19) pandemic has been

Coronavirus Update: Sick Pay Payments Launched This week, the formal process to claim back certain Statutory Sick Pay (SSP) payments is launched. From 26 May

Innovative businesses and start-ups are set to benefit from a £40 million government investment to drive forward new technological advances. It was announced 20 May

The following guidelines have been released to cover social distancing concerns if working in offices or call centres. The objective being to maintain 2m social

Trade credit insurance guarantee Last week, the government announced that businesses with supply chains that rely on Trade Credit Insurance, and who are experiencing difficulties

A reminder that if you need to renew your vehicle MOT after 30 March 2020, the usual annual renewal date should have been extended by

A reminder that if you need to renew your vehicle MOT after 30 March 2020, the usual annual renewal date should have been extended by

Easing back from lock-down Boris Johnson made his long-awaited statement on the government’s plans to ease lock-down (7pm, Sunday 10 May 2020). No great surprises

In the past, claims for the costs of home office furniture and other equipment has been difficult to obtain unless your employer dictates that you