The Government has announced that the controversial VAT Reverse Charge rules for the construction sector will be delayed until 1 March 2021 due to the Coronavirus pandemic. The VAT Reverse Charge rules, which effectively transfer the responsibility of paying VAT from a supplier to the business using their services, was originally due to come into…
Continue readingCovid-19
Further clarification issued on eligibility for second round of Self-Employment Income Support Scheme
HM Revenue & Customs (HMRC) has issued further details of eligibility for the second round of the Self-Employment Income Support Scheme (SEISS), which will provide taxable grants to self-employed individuals. The grants will be 70 per cent of average monthly trading profits, capped at £6,570 and paid in a single instalment. HMRC has now clarified…
Continue reading
HM Revenue & Customs publishes detailed guidance on calculating furlough claims from July onwards
HM Revenue & Customs has published detailed guidance on the operation of the Coronavirus Job Retention Scheme (CJRS) from 1 July 2020 onwards, including examples of how to calculate claims for the new flexible furlough option. The CJRS currently provides grants to employers covering 80 per cent of the usual wages of furloughed employees –…
Continue reading
High Streets Task Force launches to provide “invaluable advice” to businesses affected by COVID-19
A new package of support will help high street businesses “get back on their feet” following the coronavirus lockdown, the Government has said.
Continue reading
Businesses access £35 billion through COVID-19 support schemes
The Government has now delivered almost £35 billion in corporate finance to businesses affected by COVID-19, it has been revealed.
Continue reading
VAT reverse charge for the construction industry postponed until March 2021
The Government has officially announced that the introduction of the domestic VAT reverse charge for the construction industry has been delayed until 1 March 2021 because of the impact of the coronavirus pandemic.
Continue reading
Our BLOG
Government announces new stamp duty rates for non-residents from April 2021
Latest TWEETS
#Amazon, #Apple, #Facebook and #Alphabet defy Coronavirus to post better results than expected bit.ly/3fiLtu3
SUBSCRIBE to our list
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 tellmemore@clayshawthomas.com.