CORONAVIRUS: MOTs DUE FROM 30 MARCH 2020

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  Car MOTs during Coronavirus Your car, van or motorcycle’s MOT expiry date will be extended by 6 months if it is due on or after 30 March 2020 – but you must keep your vehicle safe to drive. The...

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NEW SYSTEM FOR REPORTING CGT ON PROPERTY DISPOSAL STARTED 6 APRIL 2020

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  A new system for reporting CGT on property disposal and payment on account was introduced for residential property disposals by UK...

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CGT PRIVATE RESIDENCE RELIEF CHANGES GO AHEAD

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  The latest Finance Bill includes important changes to CGT private residence relief that took effect from 6 April 2020. The first...

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COVID-19 IMPACT ON THE HIGH-INCOME CHILD BENEFIT CHARGE

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  Lower levels of income might change the position of some families normally liable for the high-income child benefit charge… With many...

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MORE DETAILS ON SELF-EMPLOYED GRANT SCHEME

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  Like the CJRS scheme for employers the initial HMRC guidance on the grant scheme to support the self-employed and members in...

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NEW FURLOUGH SYSTEM FOR EMPLOYEE WAGES UP AND RUNNING

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  The Coronavirus Job Retention Scheme (CJRS) furlough system or ‘claims portal’ opened on Monday 20 April and early indications are that...

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CHANCELLOR EXTENDS FURLOUGH SCHEME TO END OF JUNE

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  The Coronavirus Job Retention Scheme extended by one month to reflect continuing social distancing measures. Following on from the recent Government...

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Coronavirus: What Can I Actually Claim?

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  Suffering from information overload?   The constantly evolving guidance for financial support available to businesses and the self-employed during the Coronavirus...

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Furlough advice for Salaried Members of Limited Liability Partnerships (LLPs)

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  Members of LLPs who are designated as employees for tax purposes (‘salaried members’) under the Income Tax (Trading and Other Income)...

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Furlough advice for Company Directors

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  As office holders, salaried company directors are eligible to be furloughed and receive support through this scheme. Company directors owe duties...

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