One in 10 firms unable to reopen safely under current guidance, study reveals

29 May 2020

One in 10 firms are unable to open safely under the Government’s current health and safety guidance, a major study has revealed.

Read Full Story

What happens if my employees have to self-isolate following contact tracing?

28 May 2020

Following the launch of the Government’s contact tracing system, employers should be prepared for the possibility of multiple employees being required to self-isolate if one employee from the workplace tests positive for Coronavirus. This means it is vital that employers are aware of the arrangements concerning Statutory Sick Pay (SSP) and self-isolation. Changes to the […]

Read Full Story

Coronavirus Job Retention Scheme – the next steps

27 May 2020

The Government’s Coronavirus Job Retention Scheme (CJRS), also known as the furlough scheme, was recently extended until October, with no changes until August. But what happens next with the scheme?

Read Full Story

New Corporate Insolvency and Governance Bill to extend accounting deadlines

22 May 2020

The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested.

Read Full Story

Changes to notifying an option to tax (VAT) on land and buildings during the Coronavirus pandemic

21 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 […]

Read Full Story

Money laundering supervision payment deferrals and deregistration announced by HM Revenue & Customs

21 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: money service businesses not supervised by the Financial Conduct Authority […]

Read Full Story

Tax treatment of expenses and benefits during COVID-19

21 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). The new guidance provided relates to income tax treatment only and not National Insurance Contributions, which may vary depending on the individual […]

Read Full Story

Temporary tax freeze on home office expenditure announced

21 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. Jesse Norman, financial secretary to the Treasury, announced in a statement to the House of Commons that the temporary exemption will affect […]

Read Full Story

Maximum Government-backed loan amount for larger businesses increased to £200 million

21 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. CLBILS loans are offered on normal commercial terms, but are backed by a Government guarantee worth 80 per cent of the amount borrowed. They can […]

Read Full Story

Coronavirus Statutory Sick Pay Rebate Scheme set to open for claims

21 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, as […]

Read Full Story

Contact Us Today

For more information on any of our services, please leave your details here and one of our team will contact you.

If you would like to see full details of our data practices please visit our Privacy Policy and if you have any questions please email info@rtaccountants.co.uk.