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Monthly Archives: October 2020

New rules for debt letters

The letters borrowers receive from their lenders when they are seriously behind on repayments will be easier to understand and less intimidating as a result of new rules proposed by the Treasury last week. The aim is to reduce stress … Continue reading

Posted in Business

Extension of the Job Support Scheme

This extended support will be available to businesses across the UK that are required to close their premises due to coronavirus restrictions. Businesses required to close as a result of specific workplace outbreaks by local public health authorities are not … Continue reading

Posted in Business

Have you over-claimed for COVID related support grants?

Readers who may have inadvertently over-claimed grants, the furlough scheme for example, should remedy the situation before HMRC start pro-actively investigating claims. The Finance Act 2020, contains an amnesty for notifying HMRC of any errors or overclaims within 90 days … Continue reading

Posted in Business

New measures to sort late payers

New proposals have been outlined by government to ensure small businesses in the UK are paid on time. Currently £23.4 billion worth of late invoices are owed to small firms across Britain, impacting on businesses’ cash flow and ultimate survival. … Continue reading

Posted in Business

Tax Diary October/November 2020

1 October 2020 – Due date for Corporation Tax due for the year ended 31 December 2019. 19 October 2020 – PAYE and NIC deductions due for month ended 5 October 2020. (If you pay your tax electronically the due … Continue reading

Posted in Business