Wednesday, August 12, 2020 | Covid-19 (CoronaVirus)
The headlines today are about the economy being in recession for the first time in 11 years and the UK suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession. The economy shrank 20.4%...
Tuesday, August 11, 2020 | Covid-19 (CoronaVirus), Tax
This morning I received a letter that was forwarded to me by a client. The letter was dated 7th August 2020 and was from HMRC with the head-line “Information on your Self-Employment Income Support Grant”. The letter opens: “I am writing to tell you that we did not...
Saturday, August 8, 2020 | Covid-19 (CoronaVirus)
We have seen over the last week or so, how Covid-19 can quickly impact on our pathway out of lockdown. Holidays abroad have again been affected and stricter measures re-introduced in some regions of the country. We need to remain vigilant, keep ourselves, our families...
Tuesday, August 4, 2020 | Covid-19 (CoronaVirus)
THE LATEST INDICATORS FOR THE UK ECONOMY AND SOCIETY The Office for National Statistics (ONS) produced an economic survey on Coronavirus on the 30 July. The main points are: Of businesses still trading, the arts, entertainment and recreation industry had the highest...
Thursday, July 30, 2020 | Covid-19 (CoronaVirus)
The headlines today show concern over a second wave of the Pandemic and there are calls for more “intelligent” quarantine and airport tests. We are in a “New Normal” and it is clear from those businesses who are successfully coping is that being flexible is a key...
Thursday, July 23, 2020 | Covid-19 (CoronaVirus), Tax
MAKING TAX DIGITAL (MTD) Yesterday the Government published an overview of Making Tax Digital. The big news is that all VAT registered businesses with VAT turnover below £85,000 will be required to follow MTD rules for returns filed on or after April 2022. That might...
