The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested.
COVID-19
We are here to support you during the ongoing coronavirus pandemic.
Please read the articles below for our latest updates.
Changes to notifying an option to tax (VAT) on land and buildings during the Coronavirus pandemic
HM Revenue & Customs (HMRC) has made temporary changes to the time limit and rules for notifying an option to tax (charge VAT on) land and buildings. Normally, when notifying…
Money laundering supervision payment deferrals and deregistration announced by HM Revenue & Customs
Businesses that require money laundering supervision from HM Revenue & Customs (HMRC) can receive a six-month payment deferral or deregistration where an annual fee is due between 1 May and…
Tax treatment of expenses and benefits during COVID-19
The Government has updated its guidance on taxable expenses and benefits when they are paid to employees during the Coronavirus crisis and how employers should report them to HM Revenue…
Temporary tax freeze on home office expenditure announced
The Government has announced a temporary tax and National Insurance Contribution (NIC) exemption that ensures that home office equipment purchased by employees, where reimbursed by the employer, does not attract…
Maximum Government-backed loan amount for larger businesses increased to £200 million
The Government has announced an increase in the maximum amount that larger businesses can borrow under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200 million.…
Coronavirus Statutory Sick Pay Rebate Scheme set to open for claims
The Coronavirus Statutory Sick Pay Rebate Scheme (CSSPRS), announced by the Chancellor at the Budget, is set to open for claims from Tuesday 26 May 2020, HM Revenue & Customs…
Coronavirus Future Fund opens to applications
The Future Fund, which offers convertible loans of between £125,000 and £5 million to innovative companies facing financial difficulties as a result of the COVID-19 pandemic has opened. The fund…
One-third of SMEs ‘may never re-open’ after Covid-19, study reveals
One-third of small businesses believe they will never reopen as a result of Covid-19 disruption, according to the latest research.
COVID-19 – An assessment of safe working arrangements
As a result of the Coronavirus pandemic, businesses must assess how their work environment and arrangements can be made safe for employees and visitors. In response to the Government guidance,…
