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

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

Coronavirus Future Fund opens to applications

21 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. Aimed specifically at businesses that typically rely on […]

Read Full Story

One-third of SMEs ‘may never re-open’ after Covid-19, study reveals

20 May 2020

One-third of small businesses believe they will never reopen as a result of Covid-19 disruption, according to the latest research.

Read Full Story

COVID-19 – An assessment of safe working arrangements

18 May 2020

As a result of the Coronavirus pandemic, businesses must assess how their work environment and arrangements can be made safe for employees and visitors. In response to the Government guidance, we have put together guidelines on the steps you may need to take as a business to provide safe working arrangements. COVID-19 risk assessment All […]

Read Full Story

Self-Employment Income Support Scheme receives 440,000 applications on day one

15 May 2020

The landmark Self-Employment Income Support Scheme (SEISS) recorded more than 440,000 applications on its first day, official figures have revealed.

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.

Which services are you interested in?
IndividualsBusinessesWealth ManagementSpecialist Services

I am happy to receive newsletters and promotional information from Rotherham Taylor

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.