Accounting News

The Coronavirus Job Retention Scheme (CJRS) has provided a lifeline to millions of employees and their employers during the Covid-19 pandemic.     

The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21.     

Claims for the second grant under the Self-Employment Income Support Scheme (SEISS) can be made from 17 August 2020 onwards. 

As far as the Coronavirus Job Retention Scheme is concerned, it is all change from 1 July 2020. From that date, employees can be flexibly furloughed allowing furloughed employees to return to work part time and be furloughed for their usual hours that they do not work.

The Spring Budget 2020 announced a significant restriction on future availability of entrepreneurs’ relief (ER) for individuals who dispose of all or part of their business, individuals who dispose of shares in their personal company, and trustees who dispose of business assets.

To help those suffering cash flow difficulties as a result of the Covid-19 pandemic, the Government have announced that self-assessment taxpayers can delay making their second payment on account for 2019/20. The payment would normally by due by 31 July 2020.

Announcements from Rishi Sunak on July 8th, 2020.

Certain changes regarding payment of CGT took effect from April 2020 which align the position of UK residents with that of non-UK residents.

As the Government’s response to the Covid-19 pandemic evolves, various measures have been announced to help business...

The Chancellor announces support for businesses including a coronavirus job retention scheme, vat and income tax...