How do we do that? In a number of ways:
This purely temporary and limited help is in 5 forms
The introduction of the Job Retention Bonus with eligibility requirements
Incentives to take on new employees/apprentices
A very limited and temporary Eat Out to Help Out scheme
A temporary vat reduction for some of the hospitality trade
A temporary increase in the stamp duty threshold
Including
an extension to the CJRS Furlough scheme with reductions
one final extension to the Self Employed Income Support
Its good news for customers and technology providers. The delay will hopefully buy time for many businesses that were looking at MTD compliance only, enabling them to take a breath and review how they approach Phase 2 of MTD.
HMRC improve Furlough funding application process
HMRC have today released a 2 minute vdeo about using the Self Employed Income Support Scheme eligability checker
HMRC have also released a longer video which explains in more detail about the grant, eligability and how to claim
The government will release a series of papers next week outlining its approach on how to safely and gradually restart the economy.
HMRC say that it should be possible to make your claim under the Coronavirus Job Retention Scheme when it goes live from Monday 20 April, BUT…..
The Pension Regulator has published the following statement
HM Government have today updated the qualification date for claiming assistance with employees' wages through the Coronavirus Job Retention Scheme
You pay our bills not the taxman so it is only right that we look after you. We care about our clients, their business, their future.
We’re here to make tax and financial planning easy. We’re here to help ease your financial burden and to find you the most tax efficient way to run your business. We don’t want the taxman to take what’s not his, so we work with you to find out what’s important to you.
We are approachable and easy to talk to. Every client benefits from a dedicated partner and member of staff either of whom they can contact and both of whom they will know and recognise. We get to know our clients, understand how they work and constantly help them to improve and grow their businesses.
We’re business advisers and planners as well as tax experts, and we work tirelessly helping businesses like yours save tax, and become more efficient and financially stronger. And we’re very nice people too.
At Handley, Evans & Co we will deduct £50 from our fees for your tax return if you provide to us everything we need to complete your tax return before the 31st July after the end of the tax year.
It gets better! If you are not VAT registered, the VAT saved will make the total saving £60!
Now isn't that a worthwhile reward for being prompt?
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