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In order to alleviate cashflow during the COVID19 pandemic, HMRC allowed for a deferral of VAT payments due within the period 20th March 2020 and 30th June 2020. Although returns…

Chancellor Rishi Sunak as part of his Plan for Jobs announced the Job Retention Bonus, an initiative designed to encourage employers to bring employees who had been furloughed under the Coronavirus Job…

August 10, 2020 Author: Gina Christodoulou You could save up to £2,000 a year per child by using the Government’s Tax Free Childcare scheme when paying for approved childcare. The…

HMRC has issued an amendment for working out Top Slicing Relief on life insurance policy gains, this amendment is in effect from 11 March 2020. When a *chargeable event occurs,…

In a bid to support the hospitality sector HMRC has cut the VAT rate from 20% to 5%, the rate cut will take effect from 15 July 2020 to 12…

In a bid to stimulate the struggling property market, the Chancellor Rishi Sunak announced on 8th July 2020 a new stamp duty tax break. Property investors who purchase through limited…

HMRC have introduced a temporary measure to make it easier for employees to remain productive while working at home. The exemption is applied on income tax and National Insurance Contributions…

There are no changes to the Student loan and or Postgraduate loan deductions process as a result of COVID-19, however it is important to remember that you will only make…

The coronavirus (COVID-19) pandemic is affecting everyone’s ability to move freely around the globe including to and from the UK. Many individuals carefully plan their days outside of the UK…

Editors Note: This is applicable to payments on account due to be made in July 2020. If you make Self-Assessment payments on account and are due to make a payment…

Increasing number of HMRC coronavirus scams Since the beginning of the Coronavirus pandemic, there has been an exponential increase in fraudsters impersonating tax officials, in order to obtain financial details…

(Source: HMRC) People whose income has been affected by Coronavirus and who want to access their Lifetime ISA funds early will no longer face an additional withdrawal charge, thanks to…

From 6 April 2020, if you are a UK resident and dispose of a residential property, whether by gift or sale, in the United Kingdom you will have 30 days…

Coronavirus Job Retention Scheme The Chancellor has announced three changes to the job retention scheme: From 1‌‌ July 2020, the scheme will be made more flexible to enable employers to…

Extended lockdowns have resulted in Employers having to scramble to provide an on-line working environment for employees. Many companies may have never ventured down the Working from Home (WFH) route…