News

HMRC Increases Instalment Threshold

HMRC Increases Instalment Threshold

In an effort to help ease pressure brought about by the COVID-19 crisis, HMRC has increased the threshold for self-assessing taxpayers to spread the cost of their bill. Where anyone with liabilities up to £10,000 could contact the Revenue to set up instalment...
Job Support Scheme (JSS)

Job Support Scheme (JSS)

On 24th September 2020, Chancellor Rishi Sunak announced a replacement to the Job Retention Scheme – the Job Support Scheme. Below are some key facts surrounding what is currently known about this scheme. This guidance will be continually updated as further...
Summer ‘Mini’ Budget Headlines

Summer ‘Mini’ Budget Headlines

The Economy and Jobs  A new ‘jobs retention bonus’ will reward and incentivise employers who bring furloughed staff back.  Employer’s who bring back someone who was furloughed – and continuously employ them through to January – the government will...
Defer your Self Assessment Payment: Covid-19

Defer your Self Assessment Payment: Covid-19

Covid-19 has been a huge player in the financial year so far, the latest update is that you are now able to choose how and when you can delay making your second payment on your account for the tax year 2019-2020.  If you are registered in the UK for Self Assessment...
Changes to the ‘Furlough’ Scheme

Changes to the ‘Furlough’ Scheme

From 1 July, employers can bring back to work employees that have previously been furloughed for any amount of time and any shift pattern, while still being able to claim CJRS grant for their normal hours not worked. When claiming the CJRS grant for furloughed hours;...