In the latest Budget, the Government announced details of who can claim the fourth SEISS grant and the level that claims can will be paid out at. Some significant changes have been introduced for the fourth grant, please take a…
The Coronavirus Business Interruption Loan Scheme (CBILS) set to close for applications at the end of March 2021. If you intend to make an application for a CBILS loan you must ensure that your Bank / chosen financier has lodged…
After several delays, the Government has now formally announced that the domestic reverse charge rules for the building and construction industry will be introduced effective from the 1st March 2021. You are recommended to read this synopsis and to use…
This week, the Chancellor announced extensions to a number of current COVID-19 schemes, alongside additional support for individuals and businesses, as the UK continues to navigate the impact of the pandemic. We have sought to summarise some of the immediate key measures…
HMRC announced this week (on Friday 19th February 2021) that Self Assessment customers will not be charged the initial 5% late payment penalty if you pay your tax or make a Time to Pay arrangement by 1 April 2021. So…
HMRC have announced the launch date for their new VAT deferral payment scheme. We detail below how to make use of the scheme and the other options that you currently have to settle the liability. What Are My Options?…
HMRC has announced today that there will be no penalties for filing the 2019-20 Self Assessment Tax Return late, so long as they are filed online by 28 February. You will still need to pay your Self Assessment tax bill…
Claims for the third SEISS grant must be submitted by 29 January 2021. The timing of the deadline for claims for the third Self Employment Income Support Scheme (SEISS) grant is perhaps unfortunate, clashing as it does with the self assessment filing…
As the deadline looms for VAT deferred between 20 March and 30 June 2020 to be paid, we detail below the options that you currently have to settle the liability. Essentially, you can pay now or get ready to opt…
Quite aside from how your Family Christmas plans have been affected by COVID-19 , the Chancellor has been busy trying to put stepping stones in place to support business contend with tough conditions for what seems likely to continue for…
As the year draws to a close, the Government has recently announced that it will extend some temporary provisions in the Corporate Insolvency and Governance Act, as well as reinstate one that had already lapsed. Extension of Temporary Suspension of…
HMRC have announced changes to the customs grant scheme to allow more people to access the funding and help they need to ensure they are ready to trade with the EU after the transition period ends. For detailed information, please…
– Third SEISS Grant introduces “significantly reduced profits” test…. The eligibility criteria for the third SEISS grant have been further tightened, as the guidance for the third Self-employment Income Support Scheme (SEISS) grant has been published, less than one week before the…
There is just over a month to go until the end of the transition period and there will be new rules to follow from 1 January 2021 onwards, As Business Secretary, I urge to avoid your business operations being interrupted…
Barrons are proud to be supporting SRFC for another season, and congratulations to all at the Club for the attainment of a 150th Anniversary. To view their full programme, click here
Now that the Government has provided fuller particulars of the new Job Retention Scheme Extended there are a few points that we would like to draw to your attention. Who Is Eligible? The CJRS as re-engineered from 1 November…
HMRC have now updated their guidance upon how traders should go about settling VAT that was deferred in the period between 20 March and 30 June 2020. The Government has set out more particulars as to the options and how…
You may receive the following letter from Companies House, if you don’t we may have received it on your behalf. We’re stopping paper reminders Reinvesting in our products and services You’ll no longer receive paper reminder letters from us. Our…
The Government has now set out further particulars of how the Job Retention Scheme Extended is intended to work following through to 31st March 2021 (effective from 1st November 2020) Whilst many of the guidelines have remained the same, there…
Following the announcement of the ability to defer tax payments in July 2020, the Government has announced enhanced payment arrangements for those paying income and capital gains tax via self-assessment. HMRC has increased the upper threshold for online applications for…