Deferral of 31 July Payments on Account

Self-employed taxpayers will not be required to make the payments on account of their 2019/20 tax that are normally due on 31st July 2020. The tax deferred will still be due on 31 January 2021 together with the balancing payment for 2019/20. No application is required...

IR35 “Off-Payroll” Rules Delayed

The new rules for workers providing their services through personal service companies that were due to start from 6 April 2020 have been delayed by a year.  This would have represented a significant additional administrative burden on large and medium-sized businesses...

Deferral of VAT Payments

The Government have also announced the deferral of VAT payments for 3 months from 20 March 2020 until 30 June 2020 to assist their cash flow. All VAT registered traders are eligible. This will generally mean the deferral of one quarter’s VAT, the payments due on 7...

Statutory Sick Pay

Statutory sick pay (SSP) is normally payable from the fourth day of absence, however if you are self-isolating because of COVID-19 from 13 March, you can now claim SSP from day 1. This includes individuals who are caring for people self-isolating in the same household...

Self-Employment Income Support Scheme

On 26 March the Chancellor announced a grant to be paid to the self-employed and members of a partnership who have lost income due to coronavirus. This scheme will allow you to claim a taxable grant worth 80% of your trading profits, up to a maximum of £2,500 per...

Coronavirus Job Retention Scheme

HMRC will reimburse 80% of ‘furloughed’ workers wage costs, up to a cap of £2,500 per month. 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...