We are here to support you during the ongoing coronavirus pandemic.
Please read the articles below for our latest updates.
Job Retention Scheme & Furloughing
- Furlough Assistance Service
- Is your business ready for the changes to furlough?
- Furlough scheme guidance updated
- Preparing for the upcoming changes to furlough
- Requests for exemption from publication of furlough claims must be submitted by Monday 25 January
- Coronavirus furlough and loan schemes further extended
- Furlough scheme update – Publication of claims and employees serving notice
- Extended Coronavirus Job Retention Scheme FAQ
- Government extends furlough scheme and provides a boost to SEISS
- National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update
- Government issues new guidance on the Job Retention Bonus
- HMRC sends thousands of letters to employers for ‘incorrect’ CJRS claims
- Key dates for Coronavirus support schemes
- New legislation introduced to protect redundancy pay of furloughed workers
- Government confirms Job Retention Bonus of £1,000
- Upcoming key dates for the Coronavirus Job Retention Scheme
- HMRC offers clarity on usual hours calculation for flexible furlough
- Guidance published on repaying Coronavirus Job Retention Scheme overpayments
- HM Revenue & Customs publishes detailed guidance on calculating furlough claims from July onwards
- Employees returning from parental leave continue to be eligible for furlough scheme
- Chancellor unveils changes to furlough scheme
- Coronavirus Job Retention Scheme (CJRS) extended until October
- Certain sectors see access to the Coronavirus Job Retention Scheme restricted
- Administering the Coronavirus Job Retention Scheme
- Coronavirus Job Retention Scheme extended to end of June
- Coronavirus Job Retention Scheme online portal launches
- Coronavirus Job Retention Scheme (CJRS) cut-off date extended to 19 March 2020
- Easter Weekend updates to the Coronavirus Job Retention Scheme
- Coronavirus Job Retention Scheme – Portal opens Monday 20 April 2020
- Latest amendments to the Coronavirus Job Retention Scheme announced
- Government confirms that furlough rules do not leave employers at risk of breaching minimum wage rules
- Newly appointed staff members will not benefit from the Coronavirus Job Retention Scheme
- The Coronavirus Jobs Retention Scheme and employers’ National Insurance and Pension contributions
- Coronavirus Job Retention Scheme Guidance Published
Cashflow
Grants, Loans, Reliefs & Deferrals
- Time is running out to join the VAT Deferral Scheme
- HMRC contacts self-employed individuals who could be eligible for fourth SEISS grant
- Coronavirus Restart Grant
- The Coronavirus Business Interruption Loan Scheme is closing soon – Apply today!
- Repaying COVID-19 Government-Backed Loans
- Newly self-employed asked to complete pre-verification checks before applying for fourth SEISS grant
- Take advantage of the super-deduction from 1 April 2021
- VAT Deferral New Payment Scheme goes live
- The VAT Deferral New Payment Scheme
- COVID-19 Bounce Back Loan repayment period extended
- Only a few days are left to submit applications for the third SEISS grant
- Insurance industry to pay out on COVID-19 business interruption claims
- Government extends further support to businesses affected by COVID-19
- Chancellor expands Job Support Scheme and grants to businesses facing new COVID-19 restrictions
- Government to launch new local lockdown grants
- CBILS ends on 30th September 2020
- How will you rebuild and recover? Funding launched to cover cost of professional advice
- Green Homes Grant guidance published
- Coronavirus apprenticeships guidance updated
- Reminder: Deferral of second payment on account
- Coronavirus grants to businesses, employers and individuals are taxable
- Download our Coronavirus support for business timeline
- Trade Credit Insurance backed by £10 billion guarantee
- Guidance on exceptional circumstances for higher rate SDLT refunds updated
- Government delays VAT Reverse Charge
- VAT deferral refund available
- Maximum Government-backed loan amount for larger businesses increased to £200 million
- Coronavirus Future Fund opens to applications
- Bounce Back Loan scheme is now live – apply today
- Eligibility for grant funding
- Deferring your VAT payment
- Government launches Business Support Finder tool
- Government announces Future Fund for fast-growing businesses
- Bounce Back Loans scheme for small businesses
- Expanded Coronavirus Large Business Interruption Loan Scheme (CLBILS) launched
- Accounting for grant payments
- Four new Coronavirus Business Interruption Loan Scheme (CBILS) lenders announced
- The Coronavirus Large Business Interruption Loan Scheme (CLBILS)
- Revised Coronavirus Business Interruption Loan Scheme (CBILS)
- Government updates guidance on small business and retail sector grant schemes
- Coronavirus Business Interruption Loan Scheme (CBILS)
- Business rates relief extended
- Tax and Companies House Deferrals
- Companies House Filing
- Commercial Rent Deferrals
- Accessing the latest COVID-19 stimulus
Personal taxes and finances
- HMRC updates Statutory Residence Test due to COVID-19
- Paying for COVID-19: Government begins exploring tax take back
- Government publishes detailed guidance on SDLT holiday
- Summer Economic Update
- HM Revenue & Customs clarifies repayments of Corporation Tax and anticipated losses
- Money laundering supervision payment deferrals and deregistration announced by HM Revenue & Customs
- Tax treatment of expenses and benefits during COVID-19
- Temporary tax freeze on home office expenditure announced
- Coronavirus Statutory Sick Pay Rebate Scheme set to open for claims
- Government reduces the penalty for Lifetime ISA withdrawals
- Coronavirus Statutory Sick Pay Rebate Scheme
- Coronavirus Customs Authorisations
- Payment of dividends during the Coronavirus outbreak
- Statutory Residence Test changed to allow skilled workers from around the world to assist the UK’s Coronavirus response
- CGT reporting of property sales to be given more time
- OBR warns that the UK economy may contract by more than a third before bouncing back by end of 2020
- Personal loans, credit cards and overdrafts
- Personal Finances
Fraud
- Insolvency Service to be given new powers to tackle directors who misused COVID loan schemes
- HM Revenue & Customs confirms first arrest in connection with furlough fraud
- Employers given 30 days to confess to furlough fraud
- Whistleblowers make almost 2,000 allegations of furlough fraud
- Businesses bombarded by cyber-attacks as they seek support for COVID-19
- Take care – Coronavirus fraud on the rise
Child Benefit
- Government extends childcare funding for families affected by the pandemic
- Child Benefit and the High-Income Child Benefit Charge during the coronavirus outbreak
Economy
- Chancellor announces new Job Support Scheme and package of business support measures
- Government to reinforce COVID Secure guidance with new direct legal obligations
- Hospitality industry faces new restrictions to curb second wave
- Event and conference re-openings no longer allowed to go ahead
- Chancellor requests OBR forecasts without setting Budget date, raising the prospect of delay
Home Working & Expenses
- Government reinstates advice to work from home ‘if you can’
- What expenses are taxable when working from home?
- Working from home
MTD & VAT
- Government confirms the next steps for the digitisation of taxation
- Guidance on hospitality and tourism VAT cut published
- Remember to reinstate your VAT direct debit in time for your next payment
- Changes to notifying an option to tax (VAT) on land and buildings during the Coronavirus pandemic
- Soft-landing period for MTD for VAT extended to April 2021
Insolvency
Employment
- New claims needed to continue receiving working from home tax relief
- Download the Government’s guide to the Job Support Scheme
- Government introduces legal duty to self-isolate, with big penalties for employers that prevent staff from following the rules
- Eat Out to Help Out opens for claims
- Government publishes new ‘Covid Secure’ guidance
- What happens if my employees have to self-isolate following contact tracing?
- COVID-19 – An assessment of safe working arrangements
- “Covid Secure” practical workplace guidance for employers
- Are you or your team classed as essential workers?
- Holiday rules relaxed to allow annual leave to be carried over to next two years
- Employment
- Layoffs owing to reduced work
Self employed & self assessment
- Self-Assessment late payment penalties relaxed but interest still accrues
- HM Revenue & Customs waives late filing penalties for Self-Assessment taxpayers who file by 28 February – but payment deadline remains
- Government extends Self-Employment Income Support Scheme and Government-backed loans
- HM Revenue & Customs updates Self-Employment Income Support Scheme guidance
- Don’t forget to make an SEISS claim by 13 July!
- Key dates for Coronavirus support schemes
- Further clarification issued on eligibility for second round of Self-Employment Income Support Scheme
- Self-Employment Income Support Scheme (SEISS) extended
- Get ready to claim the Self-Employment Income Support Scheme (SEISS)
- I’m a director of a small company – what support is open to me during the Coronavirus outbreak?
- Are you eligible for the Self-Employment Income Support Scheme (SEISS)?
- How total income and trading profits will be calculated for the Self-Employed Income Support Scheme
- Government SEISS guidance updated
- Self-Employed Income Support Scheme (SEISS)
- Detailed guidance published on the Self-Employed Income Support Scheme
- Coronavirus support for people working through their own limited company
- Coronavirus Self Employed Income Support Scheme (SEISS)
- Coronavirus Self Employed Income Support Scheme (SEISS)
Charities
- Support for charities during the coronavirus outbreak
- Charities encouraged to claim gift aid on cancelled event tickets
- Government pledges £750 million to charities
- Apply for the CAF Coronavirus Emergency Fund
- New SORP charity guidance
- Coronavirus – Guidance for the charity sector
Moore Thompson updates
- Download our updated Coronavirus Support grids
- Moore Thompson is open for business
- Preparations Checklist
- Government support help with the economic impact of Coronavirus – Here’s what businesses need to know
- Payroll professionals confirmed as key workers
- COVID-19 Summary of the Chancellor’s announcement on 20th March 2020
- We’re here to help – what to do if you can’t pay your tax bill
- Coronavirus (COVID-19) for employers and employees
- Moore Thompson Here to Help
