The government have confirmed today that they are extending the period that employees can be furloughed to the end of June. The chancellor has also stated that this period could be extended further. If the lock down restrictions are lifted at the end of May this would allow some businesses to start trading by un-furloughing some staff whilst keeping others on furlough and have a couple of months of trading before salaries are to be met in full or other action taken. Alternatively, it may be an indication of the lock down period being extended once again.
Please also remember that the HMRC portal goes live on Monday
Category Archives: HB News
UK Tax Rates for 2020/2021
HB Accountants have produced a Tax Card which summarises many of the rates and allowances fundamental to your business and personal lives. We are sure that you will find it a useful point of reference throughout the coming tax year.
Continue readingHB Accountants announce winners of the “Get Creative” Dino-Egg Colouring-in Spring Art Initiative
HB Accountants & Paradise Wildlife Park invited local KS1 & KS2 school pupils to pick up their pens, pencils, crayons & chalk and put down their gadgets. We wanted to encourage the local children to get involved in our “Get Creative” Design a Dino-Egg Colouring-in Spring Art Initiative.
Continue readingCOVID19: £750 million coronavirus funding for frontline charities announced
COVID19 Update: 9th April 2020 – Chancellor Rishi Sunak has announced that UK Charities are set to receive a support package worth £750 million to ensure they can continue their vital work throughout the coronavirus crisis.
Continue readingCOVID19: Financial help available for self-employed individuals – what you need to know
COVID19 Update: 7th April 2020 – We have outlined some clarifications for you regarding the financial help available if you are a self-employed individual – Self-Employment Income Support Scheme – here is what you need to know:
What you need to know
Continue readingCOVID19: Latest Job Retention Scheme updates – furlough facts
COVID19 Update: 6th April 2020: The government has now published further guidance on the Coronavirus Job Retention scheme – here are the most important clarifications and latest changes to the Job Retention Scheme – furlough facts below:
Continue readingCOVID19: Changes made to Coronavirus Business Interruption Loan Scheme to benefit more businesses
COVID19 Update: 3rd April 2020 Changes have been made to Coronavirus Business Interruption Loan Scheme to benefit more businesses
The emergency loan scheme announced by the chancellor during the budget (CBILS) has been revamped following strong criticism that banks were taking advantage of the COVID19 crisis.
Continue readingCOVID19: Payroll Furlough Facts – Coronavirus Job Retention Scheme
Daily COVID19 update: 2nd April 2020 – Payroll Furlough Facts – we thought it would be beneficial to bring you the answers to the most common questions you are asking regarding the Coronavirus Job Retention Scheme – Payroll Furlough Facts & the Coronavirus Job Retention Scheme.
Continue readingCOVID19: Support for businesses through deferring self-assessment payments on account
Deferring self-assessment payments on account is just one of the governments measures to support your businesses during COVID19. Are you due to pay a self-assessment payment on account by 31 July 2020? Is the impact of the #coronavirus is going to cause you difficulty in making payment by that date?
You may defer your self-assessment payment until January 2021.
Continue readingCOVID19: VAT deferral for UK Businesses
VAT deferral for UK Businesses: If you are a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to:
- defer the payment until a later date
- pay the VAT due as normal
