Covid 19 Archives - Care Accountancy

March 15, 2021

Business News Capital Gain Tax Coronavirus News Corporation Tax HMRC News Income Tax Inheritance Tax Loan Schemes Property Tax Stamp Duty Tax Investigation VAT

Finance Bill 2021: Details Published

The government has published the details of the Finance Bill 2021 on 11 March 2021. The Bill highlights the important law measures(announced in the recent 2021 Budget) set to come into legislation. Chancellor Rishi Sunak announced the following measures in his budget speech: an extension of the stamp duty holiday in England a super-deduction capital...

by Admin

February 15, 2021

Business News Coronavirus News News

UK economy suffered the biggest slump in 2020

The UK economy suffered its biggest slump in more than 3 centuries in 2020 as the coronavirus pandemic ravaged the economy. The pandemic closed shops and restaurants, devastated the travel industry and curtailed manufacturing. The economy shrank 9.9 per cent last year. Which is more than twice the figure for 2009 at the height of...

by Admin

January 29, 2021

HMRC News Income Tax Tax Investigation

Self assessment deadline extended until 28 February

HMRC has extended the self assessment deadline by a month until 28 February. It is a great relief for the customers struggling due to Coronavirus pandemic. Self Assessment customers will not receive a penalty for filing their online tax return late, HMRC announced on 25 January. Already more than 8.9 million taxpayers have filed their...

by Admin

December 7, 2020

Business News Coronavirus News

Payment deferrals: Lenders to support borrowers

The banking and finance industry continues to support thousands of borrowers with payment deferrals. According to the latest figures from UK Finance, mortgage lenders will continue to provide support to homeowners facing financial difficulties The number of customers seeking support from deferrals has dropped significantly since earlier this year. As of mid-November, there were still...

by Admin

October 20, 2020

Business News Coronavirus News Loan Schemes News

New COVID Fraud Hotline

The government has launched a new COVID fraud hotline to stop fraudsters who make illegal claims for support. The public can now call a dedicated phoneline anonymously and free of charge to report suspected fraudulent activity. The launch of the new Fraud Hotline is an initiative of government and independent charity Crimestoppers. Although fraud is...

by Admin

October 12, 2020

Business News Coronavirus News

The new digital lender secures banking licence

The new digital lender, Monument Bank, has secured an ‘authorisation with restriction’ (AWR) banking licence from the UK regulatory authorities, the Prudential Regulation Authority and the Financial Conduct Authority. It has achieved this milestone in just over 18 months, which is one of the fastest rates of progress for any new bank. The move comes...

by Admin

August 9, 2020

Coronavirus News HMRC News Loan Schemes Payroll Uncategorized

Overclaimed grants and penalties: CJRS Covid-19 update

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned taxpayers that they have 90 days to notify HMRC of overclaimed coronavirus (COVID-19) grants. The 90-day period to inform HMRC of any overclaimed amounts is now law. Finance Act 2020 recently received Royal Assent, which confirms the taxability of the Coronavirus Job Retention...

by Admin

August 5, 2020

Business News HMRC News News1

How to claim money back through Eat Out to Help Out scheme

The government has released guidance on how to claim money back through the Eat Out to Help Out Scheme. Who can claim If you have registered your establishment for the Eat Out to Help Out Scheme and offered scheme discounts to diners on Mondays to Wednesdays between 3 and 31 August, you can: claim back...

by Admin

July 25, 2020

Business News HMRC News Income Tax Tax Investigation VAT

UK Tax System: OTS recommended measures to simplify VAT

The Office of Tax Simplification (OTS) has outlined a range of measures intended to help simplify the UK tax system. The OTS stated that the UK tax has become ‘highly complex’, and has ‘not kept pace with changes in society’. As such, in its report, the OTS has recommended 23 measures intended to simplify VAT....

by Admin

June 27, 2020

Business News Coronavirus News HMRC News Tax Investigation VAT

Overseas VAT claims delayed: Covid-19

The tax authority has stated that VAT claims submitted under the Overseas Refund Scheme will be subject to delays. HMRC has admitted that changes to its working practices, as a result of the pandemic, have resulted in delays in processing and refunding VAT claims. The delays relate to payments due to overseas businesses that are not...

Older Posts

Covid 19

Finance Bill 2021: Details Published

UK economy suffered the biggest slump in 2020

Self assessment deadline extended until 28 February

Payment deferrals: Lenders to support borrowers

New COVID Fraud Hotline

The new digital lender secures banking licence

Overclaimed grants and penalties: CJRS Covid-19 update

How to claim money back through Eat Out to Help Out scheme

UK Tax System: OTS recommended measures to simplify VAT

Overseas VAT claims delayed: Covid-19

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