COVID-19 Business Support Hub

We are here to support you during the ongoing coronavirus pandemic.

Please read the articles below for our latest updates.

Self-Assessment late payment penalties relaxed but interest still accrues
Following HM Revenue & Customs’ (HMRC) announcement that it is waiving late filing penalties for Self-Assessment taxpayers who file by 28 February, it has now announced that
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The VAT Deferral New Payment Scheme
Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will
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COVID-19 Bounce Back Loan repayment period extended
The Government has announced changes to the Bounce Back Loan Scheme (BBLS) available to small businesses in the UK that will give companies longer to repay what
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Calculating Coronavirus Job Retention Scheme claims for annually paid directors
Small company directors that were not able to claim under the Coronavirus Job Retention Scheme (CJRS) because they paid themselves an annual salary in March 2020 may
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HM Revenue & Customs waives late filing penalties for Self-Assessment taxpayers who file by 28 February – but payment deadline
HM Revenue & Customs (HMRC) has announced that any Self-Assessment taxpayers who miss the 31 January 2021 tax return deadline will not receive late filing penalties if
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Are you making full use of the Government’s COVID-19 financial support package?
Download our latest guide to make sure you are taking advantage of the support on offer As we enter yet another national lockdown, businesses may be concerned
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Chancellor announces grants worth up to £9,000 for businesses in the retail, hospitality and leisure sectors
The Chancellor, Rishi Sunak, has announced a package of one-off grants worth between £4,000 and £9,000 for businesses in the retail, hospitality and leisure sectors, following the
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Coronavirus furlough and loan schemes further extended
As businesses prepare to enter a new year, the Chancellor Rishi Sunak has confirmed a further extension to the Government-backed loans and Coronavirus Job Retention Scheme (CJRS).
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Grandparents set to increase gifting following pandemic and families set to inherit more than expected
A pair of studies have revealed that UK grandparents are reconsidering their plans following the Coronavirus pandemic, which may mean that many families are set to inherit
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HMRC publishes consultation on MTD for Corporation Tax
A new consultation has been published by HM Revenue & Customs (HMRC) which explores how the core principles of Making Tax Digital (MTD) can be applied to
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Companies House to scrap paper reminder letters
Companies House has announced that businesses will no longer receive reminder letters, as it seeks to end paper communications. Businesses across the UK have been receiving a
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Third round of Self-Employment Income Support Scheme (SEISS) opens on Monday with tighter eligibility criteria
The third round of the Self-Employment Income Support Scheme (SEISS) will open on Monday 30 November 2020 with tighter eligibility criteria than have applied to the previous
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