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10 Chartered Accountants

News

Chancellor unveils changes to furlough scheme
01 June 2020

The Chancellor, Rishi Sunak, has announced a series of changes to the Coronavirus Job Retention Scheme (CJRS) from July that will see furloughed employees able to return to work part-time, but with the value of Government support reducing gradually from August. Meanwhile, the scheme will, in effect, close to employees who have...
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Self-Employment Income Support Scheme (SEISS) extended
01 June 2020

The Chancellor has confirmed the extension of the Self-Employment Income Support Scheme (SEISS), with the announcement of a second and final grant to support the income of self-employed individuals during the Coronavirus outbreak. The first and current round of grants under the scheme allows self-employed individuals to claim...
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Coronavirus Future Fund opens to applications
22 May 2020

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 is designed to support UK-based companies that have acquired at least equal match funding from private investors.
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Coronavirus Statutory Sick Pay Rebate Scheme set to open for claims
22 May 2020

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 (HMRC) has said. The scheme enables employers with up to 250 employees to claim the cost of Statutory Sick Pay (SSP) related to Coronavirus...
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Maximum Government-backed loan amount for larger businesses increased to £200 million
22 May 2020

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.
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Temporary tax freeze on home office expenditure announced
22 May 2020

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 tax or NICs.
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Tax treatment of expenses and benefits during COVID-19
22 May 2020

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 & Customs (HMRC).
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Money laundering supervision payment deferrals and deregistration announced by HM Revenue & Customs
22 May 2020

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 30 September 2020, it has been announced. HMRC is the money laundering supervisory authority for...
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Changes to notifying an option to tax (VAT) on land and buildings during the Coronavirus pandemic
22 May 2020

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 HMRC of a decision to opt to tax land and buildings, you usually have 30 days to contact the tax authority either by printing and sending a notification...
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COVID-19 – Re-build and recover – we’re here to help you get back on track
20 May 2020

Services to help you get back on your feet. We recognise that the business landscape is looking very different at the moment. Some business models will have changed dramatically. The team here have a vast amount of experience in helping businesses to deal with a range of issues.
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