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Help for the self employed affected by the coronavirus outbreak

Friday 27 March: Last night the chancellor announced further assistance in the form of a taxable grant called The Coronavirus Self-Employment Income Support Scheme HMRC will use existing information to identify those eligible and will invite applications for the scheme.  In this application you will be required to demonstrate that you meet the eligibility requirements.  The… Read More

Latest guidance from HMRC on Furloughing through the Job Retention Scheme

Friday 27 March: Today the Government has issued updated  guidance on how Furloughing under the Job Retention Scheme will work: A few highlights: Minimum furlough period – 3 weeks Claim to be based on salary as at 28 February 2020 If salary variable, can be based on average over the course of 19/20 to date… Read More

Coronavirus – Government Support Announcements – Support for Individuals

26 March: The second of two blogs from Brian Jukes on the Government Support Announcements, this focussing on Support for Individuals Income Tax The 2nd payment on account of tax that is due by 31 July 2020 will be deferred until 31 January 2021. Self-employed taxpayers are eligible for this deferment. There is no need to apply for… Read More

Coronavirus – Government Support Announcements – Support for Businesses

26 March: The Brian Jukes’s first blog on the Government Coronavirus Support Announcements, here with a focus on the Support available to Businesses Job Retention Scheme Under the Coronavirus Job Retention scheme, government grants will cover 80% of the salary of employees who would otherwise have been laid off during this crisis. The scheme, open to any… Read More

Fraud, it’s not Corona immune

It is inconceivable to think that during a national and international health and economic crisis, that there would be an increase in fraudulent activity. But in a recent report from Action Fraud, the number of Coronavirus-related fraud reports has increased by 400% in March and looks set to increase further. The majority of scams relate… Read More

HMRC defers VAT payments

Friday 20 March: Chancellor Rishi Sunak announced that all VAT payments falling due in the period from 20 March 2020 to 30 June 2020 can be deferred. Any VAT not paid during this period will be due to be paid to HMRC by the end of the 2020/21 financial year. VAT returns must continue to… Read More

These Times are a Little Too Interesting!

19 March – Some practical advice from our Corporate Tax Partner, Brian Jukes. It seems that someone must have been overusing the phrase “may you live in interesting times” because they are certainly getting their wish at the moment.  If you look up the origin of this phrase it appears that it was not Chinese,… Read More

Video: Coronavirus disaster scenario planning with Richard Miller

Hugely relevant with Coronavirus, an 8 minute overview of disaster scenario planning, including guidance on documenting a survival plan, with Dafferns Strategic Services Partner Richard Miller

Coronavirus – A further package of support for businesses

Tuesday 17 March, a week on from the Budget, The Chancellor, Rishi Sunak, unveiled a further package of support for businesses to face the challenges posed by the Coronavirus, including: A package of £330 billion of loan guarantees to businesses, with more to be made available if needed – an unprecedented of offer of support… Read More

Coronavirus – Preparing to work from home

Tuesday 17 March: The whole Coronavirus situation is changing daily and following the Government’s announcements and recommendations yesterday afternoon, what seemed preposterous yesterday is reality today. Our key message to all or clients and staff is that as far as is possible, it will remain business as usual at Dafferns. All of our team now… Read More

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