Stamp Duty Land Tax Holiday And Job Creation Measures
There is a temporary cut in Stamp Duty Land Tax (SDLT) from 8 July by raising the nil-rate band from £125,000 to £500,000 until 31 March 2021. The Treasury estimates that, as a consequence, around nine in 10 people buying a main residence will pay no SDLT. Further details can...
Defer Your Self-Assessment Payment On Account Due To Coronavirus (COVID-19)
Choose how and when you can delay making your second payment on account for the 2019 to 2020 tax year. You have the option to defer your second payment on account if you are: registered in the UK for Self-Assessment and finding it difficult to make your second payment on...
HMRC Invites Hospitality Industry To Register For Eat Out To Help Out
Registrations for the Eat Out to Help Out Scheme start today (13 July 2020). Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality industry and encouraging people to safely return to dining out. The Eat...
Coronavirus Job Retention Scheme (CJRS) – Individuals You Can Claim For Who Are Not Employees
From 1 July 2020 “Flexible Furlough” was introduced and the calculations and time recording of full-time, part-time and fully furloughed employees has become more complicated. Changes are occurring regularly as the government and HMRC make clarifications to the scheme. If you have any queries regarding your claim talk to us...
VAT – Reduced Rate Of 5%
The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: hospitality hotel and holiday accommodation admissions to certain attractions. The temporary reduced rate will apply to supplies that are made between 15 July...
