Changes to Capital Gains Tax on the sale of residential properties

Due to the current global pandemic, an important change to the way Capital Gains Tax (CGT) on residential property is reported and paid may have gone unnoticed. With effect from 6 April 2020, where CGT is due following the disposal of residential property then it must be reported and paid to HMRC within 30 days […]

Tax Return submission

Tax Return to submit? 6 reasons to do it now

Due to the current Coronavirus situation, it may have passed you by that the new tax year started on 6th April and as such it is now possible to file your 2019-20 Self Assessment Tax Return. Whilst the deadline for filing the Tax Return is still 9 months away, if you are finding yourself with […]

Cashflow in uncertain times

During these uncertain times having an accurate understanding of your cash position both now and in the near future is vital to all businesses. You may have chosen to defer liabilities such at rent and loan repayments or entered into a time to pay arrangement with HMRC which means there may be large liabilities due […]

HMRC Coronavirus Job Retention Scheme Portal

HM Revenue & Customs (HMRC) has confirmed that the online portal for applications to the Coronavirus Job Retention Scheme (CJRS) will open on Monday 20 April 2020. The CJRS provides grants worth 80 per cent of a furloughed employee’s salary up to a cap of £2,500 a month, plus Employers’ National Insurance Contributions (NICs) and […]

Coronavirus: How to apply for government business support

The government has released more details about the £350bn package of financial support which Chancellor Rishi Sunak has promised to UK business to deal with the effects of the coronavirus pandemic. Last week he set out plans to pay employees 80% of their salaries, capped at £2,500 per month, in an attempt to protect jobs. […]