Covid-19

News by Category

Covid-19: HMRC delays MTD ‘digital links’ Excel deadline

2nd April 2020
HMRC has deferred by one year the deadline for businesses reporting under Making Tax Digital (MTD) for VAT to meet the requirement to have ‘digital links’ within their recordkeeping for transferring information from Excel spreadsheets and other data sources to their online VAT filing. Businesses will now be able to continue using their current ad-hoc...

VAT Deferral Payment

27th March 2020
Announcement from HMRC – If your business is wanting to make use of the VAT Deferral Arrangement announced last week and your businesses normally pays the VAT by direct debit, please cancel the direct debit with the bank. Ensure this is done in good time as payment instruction can be requested a few days before...

Coronavirus Job Retention Scheme – Full Details

27th March 2020
The government published guidance late last night on the operation of the Job Retention Scheme. We have had many enquiries in relation to this matter and hopefully the following information will answer the majority of these queries. Recap of the Basics Employers can claim 80% of furloughed worker’s usual wage costs up to £2,500 per...

Coronavirus Self-employment Income Support Scheme

27th March 2020
This scheme is for the self-employed or members of a partnership that have lost income due to coronavirus. This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed. Who is...

Third Sector Resilience Fund

25th March 2020
As part of the Scottish Government Response to the Coronavirus crisis, £20m has been allocated to the new ‘Third Sector Resilience Fund’.  This fund is live today 25th March 2020. The Third Sector Resilience Fund will provide grants of between £5,000 and £100,000 to eligible charities, social enterprises and voluntary organisations that are playing a...

Scottish Government Business Support Fund

24th March 2020
The Scottish Government Business Support Fund is now open for applications. The following links give more information on how you could make an application for £10,000 or £25,000 (depending on your business type).  There is a writeable PDF form online, which is very easy to complete. The aim is to have funds paid into your...

Message from JRW

24th March 2020
In accordance with the recent government announcement, for the next 3 weeks our offices will be unmanned so please do not visit our offices. We have implemented the necessary infrastructure to allow all staff to work from home where they can be contacted during normal office hours. We will continue to provide the level of...

The Coronavirus Business Interruption Loan Scheme now live

23rd March 2020
The Chancellor announced that the British Business Bank will manage the Coronavirus Business Interruption Loan Scheme (CBILS) which is available from today, 23rd March 2020 and will initially run for 6 months. More details can be found on the British Business Bank website However here is a short summary of the key features: •   Through...

COVID-19 – Job Retention Scheme and Income Support Measures

21st March 2020
Following Chancellor Rishi Sunak’s announcement yesterday, we present a summary of the significant new supportive measures being instituted. Coronavirus Job Retention Scheme – what it means for employers The UK government has committed to cover up to 80% of salary (up to a maximum of £2,500 per employee, per month) payable to employees that are...

COVID-19 – Practical steps to help every business

20th March 2020
Few businesses could ever have imagined, let alone made plans for, the potential impact of a massive epidemic such as the current coronavirus crisis. As accountants, we want to provide you with some practical steps that you can take. Keep in touch Keep in touch with your accountant. The sooner that they are made aware...