Latest Coronavirus News

Latest Coronavirus News

Furlough Grant Reduces To 70% For July For the month of‌‌ July the CJRS Furlough grant support from the government via HMRC reduces to 70% of the employee’s usual pay for hours not worked. This is despite the fact that “Freedom Day” in England has been delayed four...
Reimburse Private Fuel By 6 July To Avoid Fuel Benefit

Reimburse Private Fuel By 6 July To Avoid Fuel Benefit

A consequence of the lockdown periods is that employees may have driven fewer private miles in their company cars, particularly where they have not been driving to the office. If they are to avoid being taxed on the provision of private fuel they need to fully...
Making Tax Digital Extended To More Businesses

Making Tax Digital Extended To More Businesses

Currently only VAT registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold are mandated to comply with Making Tax Digital (MTD) rules. Those rules require the business to keep digital business records and send VAT returns...
Beware Mini-Umbrella Company Fraud

Beware Mini-Umbrella Company Fraud

HMRC are urging businesses to look out for the use of mini-umbrella companies (MUCs) to pay contractors supplying their labour via agencies and other intermediaries. Businesses need to be aware of the financial and reputational risks of such entities in their labour...

Pin It on Pinterest