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 readingCategory Archives: Tax
COVID19: 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
COVID19: Immediate 3-month filing extension for company accounts
If your company accounts will be late because of the impact of Covid-19 you can take advantage of the immediate 3-month filing extension for company accounts.
However, you MUST apply before your filing deadline.
Continue readingCOVID19: 27th March 2020 – Help for the Self-Employed
The Chancellor announced help for the self-employed yesterday evening at a press conference. Are you a sole trader? We have outlined what we currently know below – please note we expect further guidance to be released soon and will update you as soon as we are aware of this.
Continue readingCOVID19: Further Clarity on the Coronavirus Job Retention Scheme
COVID19 Update: 27th March 2020 – Further Clarity on the Coronavirus Job Retention Scheme – The government has now provided further clarity on the Coronavirus Job Retention Scheme, we have outlined this for you below:
Continue readingCOVID19: Support for UK Business through Coronavirus – Job Retention Scheme & more plus updates for self-employed
Daily COVID-19 Update 23rd March 2020 – Support for businesses through the Coronavirus Job Retention Scheme. Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis.
Continue readingCOVID19: Are you eligible for 100% business rate relief?
Daily COVID-19 Update 19th March 2020: Are you eligible for 100% business rate relief? We have set out which businesses qualify here. Business Rate Holiday information. The Government advice has been received about which businesses will receive 100% business rate relief which we have set out for you below:
Continue readingCOVID19: What you can do to help your business/sole trade through the Coronavirus crisis
The question echoing throughout Hertfordshire, Essex and businesses throughout the UK during these testing times is “What can you do to help your business/sole trade through the COVID-19 crisis?” – HB Accountants are here to help you.
Continue readingCapital Gains Tax on Property Sales
Changes to Capital Gains Tax on Property Sales will only affect you if you sell or gift a residential property other than your main residence on or after 6 April 2020.
For such disposals it will be necessary to file a separate capital gains tax (CGT) return within 30 days of completion of the disposal and it will also be necessary to pay any capital gains tax within the same period. The capital gain will also need to be reported on the normal tax return filed after the end of the tax year and the tax already paid will be treated as paid on account of the final liability.
