Update of child benefit Local authority registrars have only been registering deaths during coronavirus pandemic; marriage and birth registrations are on hold. However, in order to claim Child Benefit the child needs to officially exist, as evidenced by the birth registration. Child Benefit payments can only be back-dated for up to 3 months, so a…

Written 22 May 2020 C19 BUSINESS NEWS UPDATE Time to reflect and plan ahead Hope you all are looking forward to a restful weekend, and worth taking the time to reflect on what we have been through and what we can do going forward. As we emerge slowly from lockdown, What is clear is that…

Something useful and topical to help you with the tax position regarding employees working from home Homeworkers’ expenses Many employees are now required to work at home as their workplace is closed. Some employers have been very supportive of their employees, providing all the equipment required, and reimbursing expenses, others not so much. As we explained in…

Dear all Something to ponder about, hopefully most will not have to think about this , but I believe forewarned is forearmed. What happens when the Job Retention Scheme ends? The Job Retention Scheme (JRS)  has now been extended to October 2020. This help from the Government has been a welcome relief at a time when…

Most of the businesses operating in the Construction Industry will one time or another hire plant from external sources, and will be asking itself whilst completing the month end forms to HMRC as to what is the procedure for the reporting requirements when completing the contractor’s monthly CIS300 return and also can this plant hire…

Dear All It appears that some clients did not receive my email of Monday explaining the new initiative refereed as the “Bounce Back Loan Scheme (BBLS)”, which went  live on Monday morning  ( fast-track funding support for smaller businesses), if you missed my email I sent out on Monday, worry not as here it is to include…

Written 4 May 2020 Dear all At last the information on the so called “Bounce back Loan”, just as a reminder please note this is not a grant, so it will need repaying. The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000. The government guarantees 100% of the loan and…

HP agreement or  PCP agreement, the VAT position Motor vehicle acquisition comes with a verity of different options and PCP has assumed in recent times a large percentage of the market, below is the explanation relating the Vat recovery and the rules applicable. In case of a hire purchase agreement, it is stipulated  that title will…

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