There are a lot of hurdles to be overcome. The first is easy. You must have sent in your Tax Return for the year ended 5 April 2019. If you haven’t then you have until 23 April to do it! The second hurdle is have you traded during the year ended 5 April 2020, are [...]
No VAT needs to be paid from now until 30 June 2020. This is part of the Government’s actions to assist businesses during the Covid 19 epidemic. However, this is merely a loan and VAT returns will still have to be sent in on time. The VAT is postponed and, depending on your normal [...]
As part of the Government’s Covid19 measures, they are bringing in the Job Retention Scheme. This Scheme refers to furloughing which means putting employees on temporary leave of absence where they do no work and receive no pay. The employees remain as such until you want to bring them back into work. The government [...]