April 1, 2020

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Coronavirus Updates

COVID 19 – Lightening the Tax Burden

In the current emergency, anything that potentially reduces outgoing cash flow, including impending tax due dates for payment, is welcome.  We have therefore outlined, opportunities within the current tax system that businesses should not overlook.  Tax Deferral – HMRC Announcements Second Payment on Account instalment due on 31 July 2020 HMRC have confirmed that the

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Coronavirus Updates

COVID-19: Digital lines of contact with HMRC

We have received a vast number of queries around how businesses should manage communications with HMRC and which lines of communications they should use, keeping in mind the new COVID-19 restrictions. The lockdown put in place by the government, aimed at slowing down the coronavirus spread, means that HMRC offices are closed. No physical letters

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Other

UK Insolvency Laws Amended to Protect Businesses

New measures have been announced by the UK government to help prevent businesses who are unable to meet debts as a result of the COVID-19 pandemic These measures are an attempt to help business owners from having to file for bankruptcy and putting their companies into liquidation. The new rules will allow companies undergoing restructuring

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