We are here to support you during the ongoing coronavirus pandemic.
Please read the articles below for our latest updates.


New Corporate Insolvency and Governance Bill to extend accounting deadlines

22 May 2020

The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested.

Read more...



Changes to notifying an option to tax (VAT) on land and buildings during the Coronavirus pandemic

21 May 2020

HM Revenue & Customs (HMRC) has made temporary changes to the time limit and rules for notifying an option to tax (charge VAT on) land and buildings. Normally, when notifying HMRC of a decision to opt to tax land and

Read more...



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

Read more...



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

Read more...



Temporary tax freeze on home office expenditure announced

21 May 2020

The Government has announced a temporary tax and National Insurance Contribution (NIC) exemption that ensures that home office equipment purchased by employees, where reimbursed by the employer, does not attract tax or NICs. Jesse Norman, financial secretary to the Treasury,

Read more...



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

Read more...



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

Read more...



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

Read more...



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

18 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 more...



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

Read more...