News
A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Latest posts
Writing the book on tax
Bates Weston’s tax team update and co-author Tolley’s Tax Planning for Owner Managed Businesses 2020-21.
Christmas Support Payment for wet-led pubs
Details of the Christmas Support Payment for wet-led pubs, that is those that derive less than 50% of their income from food sales.
Reclaim higher rate Stamp Duty Land Tax (SDLT)
Planning to reclaim higher rate SDLT paid on your new home because you sold your old one within three years, but Covid-19 delayed your sale? Government announcement could help.
New Dairy Response Fund Announced
Dairy Response Fund, administered by the Rural Payments Agency will cover up to 70% of losses during April and May due to falling milk prices and could be worth up to £10,000 for eligible dairy farmers.
Restructure and reduce risk using a Holding Company
A holding company structure could reduce risk for growing businesses and those with surplus assets. Is it time to reconsider your business structure?
Taxation of Coronavirus Support Payments
Government launches consultation on proposed tax treatment of Coronavirus support grant payments. Responses required by 12 June.
Derby City Council Discretionary Grant Fund – apply now
Check your Local Authority website for details of their application process for the Local Authority Discretionary Grant Fund. Derby City Council’s fund is open for applications now.
Employers to share costs of Coronavirus Job Retention Scheme and SEISS extended
Changes to Coronavirus Job Retention Scheme. Flexible Furlough scheme introduced from 1 July, employers to gradually increase their contribution to wage costs beginning with NI and employer pension contribution costs and rising to 20% by October when the scheme will end. Self Employment Income Support Scheme extended, now ending in August, with a single payment of up to £6,570 to cover June, July and August.
Parity for the self-employed
Calls for parity for the self-employed with those furloughed. SEISS v CJRS
NHS Test and Trace for employers
NHS Test and Trace system is now operational. What we all need to do now and the impact on employers.
We are open for business
Our business very definitely remains open. Here’s an outline of our current working practices, how you can help us with that and reassurance that our help is just as good as its always been. If you need us, don’t hesitate. Get in touch.
Income Tax and NIC exemptions for home office equipment expenses
Those working from home and employers who encourage their staff to purchase their own home-office equipment and reimburse the expense, can benefit from a temporary income tax and National Insurance Contributions relief introduced as a response to Covid-19.
Recover COVID-19 Statutory Sick Pay
Recover the costs of paying COVID-19 Statutory Sick Pay using HMRC’s online service. The service allows employers with less than 250 staff to apply to recover the costs of paying coronavirus -related Statutory Sick Pay for two weeks. The rebate is worth almost £200 per employee.
Plans to reopen retail from 15 June
Plans to reopen retail in a safe and secure manner providing the Government’s five key tests are met, retailers conduct risk assessments and comply with COVID-19 Secure guidelines for shops and branches.
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