Latest News from Royston Parkin

There has been considerable commentary in the media about this support initiative as business owners – struggling to cope with the reduction in their cash

If you are eligible, payments under the above scheme are due to be made by HMRC next month, June 2020. Readers who need financial support

From 1 May 2020, VAT on e-publications has been scrapped. Good news for those of us who subscribe to newspapers online or buy books to

Low interest rates announced for Bounce-Back Loan Scheme (BBLS) This new scheme announced last week, was the subject of a letter from the Chancellor (1

Aside from the plethora of schemes to support businesses during the coronavirus disruption, employers should not forget that there is a raft of filing obligations

High street shops and other companies under strain will be protected from aggressive rent collection and asked to pay what they can during the coronavirus

The rules that would have limited the rights of employees in key industries to carry forward any unused annual leave will be delighted by the

This week has seen a flurry of changes to the various government support schemes. We have summarised a few in this article. Coronavirus Job Retention

Coronavirus Job Retention Scheme (CJRS) Employers will be relieved that the waiting is over, as of 5.30am this morning (20 April 2020), they can login

Both of these sectors require people to work in close proximity to each other. Government has issues broad guidelines to reduce the risks for workers

Apart from the main business and personal tax reliefs that have received publicity in the past few weeks, a number of supplementary support items have

The 6th April marks the beginning of a new tax, and for the coming year, unprecedented challenges. As with most things in life, problems are

The British Business Bank has updated its guidance on how to apply for the recently changed Coronavirus Business Interruption Loan Scheme (CBILS). A summary follows;

When first announced as a news story, published by government 26 March 2020, information regarding the support scheme for the self-employed included a telling paragraph.

1 April 2020 – Due date for Corporation Tax due for the year ended 30 June 2019. 19 April 2020 – PAYE and NIC deductions

Prior to 11 March 2020, business owners could sell multiple, qualifying businesses during their lifetime, and as long as the total chargeable gains did not

It is unlikely that our businesses will be unaffected by the inevitable slow-down in economic activity as the Coronavirus outbreak starts to bite. Maintaining a

In England The government will increase the Business Rates retail discount to 100% for one year, expand it to the leisure and hospitality sectors and

Employers have been rightly worried about the cost of funding SSP for employees that are self-isolating or suffering from the COVID-19 virus. Especially as SSP

The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit

Further support to businesses and the self-employed, to delay the payment of various taxes was announced last week. They include: VAT Any VAT that falls

As one of the additional measures to support businesses affected by the Coronavirus outbreak, Rishi Sunak announced last week that HMRC is to step in

On Friday, the Chancellor went significantly further than in the history of this great country, with a series of unprecedented announcements in the Government’s support

The Chancellor, Rishi Sunak, outlined a raft of further measures to support the UK’s ailing businesses, those affected by the forbidding COVID-19 outbreak. The list

There were a number of reliefs in the recent budget to support small business owners during the present Coronavirus outbreak. We have listed below some

The government has published a number of measures to support individuals during the current Coronavirus outbreak. We have summarised below some of the issues covered

In the face of Brexit uncertainties and the recent Coronavirus outbreak the new Chancellor, Rishi Sunak, was faced with falling economic indicators, the need to

Many employed persons are drawn to the idea of running their own business. This short article sets out a few of the pros and cons

INVITATION TO ROYSTON PARKIN’S BUSINESS GROWTH CLUB What is Growth Club? The Royston Parkin Business Growth Club is a powerful, action- packed and highly focused

Most pundits agree that the growing disruption posed by the Coronavirus outbreak combined with continuing Brexit uncertainty – exactly what will our trading relationship with

1 March 2020 – Due date for Corporation Tax due for the year ended 31 May 2019. 2 March 2020 – Self assessment tax for

Pubs will benefit from £1,000 business rates discount from April 2020. The cut is on top of previously announced plans to slash the bills of

What can we expect from the budget next week? On the expenditure side, infrastructure and the NHS seem to be the two major areas for

In a month’s time, 5 April 2020, the 2019-20 tax year expires. After this date many of the options to utilise allowances and claim reliefs

The Insolvency Service has issued a warning that fraudsters have been contacting investors in insolvent schemes claiming to be from the Official Receiver’s office or

As we approach the end of yet another tax year it is worth reflecting on the role of HMRC in our tax affairs. Without a

Since the launch of the Dormant Assets Scheme in 2011, £600m has been transferred from High Street banks and building societies to various good causes.

The government have announced a £1,000 business rates discount for public houses The relief announced 27 January 2020, will be available to public houses with

Following the resignation of Sajid Javid last week, there has been much speculation on how this will affect the direction of the budget to be

In a recent news story published to the Government website it was announced that a new breathing space period will freeze interest, fees and enforcement

There are certain gifts you can make that will not create a capital gains tax (CGT) charge, but care should be taken as there are

Most property owners who let property under the Furnished Holiday Let (FHL) tax rules, submit their income and expenditure details on their tax return each

  FREE BUSINESS SEMINAR:    “How To Grow Your Profit & Keep It!” Doncaster Keepmoat Stadium, Stadium Way DN4 5JW Thursday 12th March 2020 4-6pm

We are exhibiting at the Doncaster Business Showcase on Thursday 27th February so come along and visit us at Stand 44 / 45 for a

VISIT US AT THE DONCASTER BUSINESS SHOWCASE 27.2.20 We are exhibiting at the Doncaster Business Showcase on Thursday 27th February so come along and visit

1 February 2020 – Due date for Corporation Tax payable for the year ended 30 April 2019. 19 February 2020 – PAYE and NIC deductions

To assist with your calculations, see previous article, we have reproduced below the current, HMRC Advisory Fuel Rates. They are: These rates apply from 1

At first sight, company car drivers whose private fuel costs are met by their employers may seem to be onto a good thing, but there