1 April 2020 – Due date for Corporation Tax due for the year ended 30 June 2019. 19 April 2020 – PAYE and NIC deductions due for month ended 5 April 2020. (If you pay your tax electronically the due date is 22 April 2020). 19 April 2020 – Filing deadline for the CIS300 monthly […]

Prior to 11 March 2020, business owners could sell multiple, qualifying businesses during their lifetime, and as long as the total chargeable gains did not exceed £10m, a reduced rate of Capital Gains Tax of just 10% would apply. Since budget day, 11 March 2020, this lifetime allowance has been reduced to £1m. Business owners […]

It is unlikely that our businesses will be unaffected by the inevitable slow-down in economic activity as the Coronavirus outbreak starts to bite. Maintaining a strict control over your personal and business cash-flow is going to be a key decider in surviving this process. A major expenditure item is taxation whether that be VAT, PAYE/NIC, […]

The government will increase the Business Rates retail discount to 100% for one year, expand it to the leisure and hospitality sectors and increase the rates discount for qualifying pubs to £5,000. Taken together with existing small business rate relief (which provides full relief for businesses using a single property with a rateable value of […]

Employers have been rightly worried about the cost of funding Statutory Sick Pay (SSP) for employees that are self-isolating or suffering from the COVID-19 virus. Especially as SSP is now due on day one of absences. The Chancellor has now confirmed that he will create a means for employers to recover any SSP paid for […]

The long-awaited statement from the Chancellor, Rishi Sunak regarding the Self Employed Income Support Scheme for COVID-19 was announced on Friday 27 March. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived from self-employment. A list of the scheme features as announced, and published, are as […]

Here in the office, the Jones Harris team held a Sports Relief fundraiser on the 12th/13th March. Little did we know that everything was going to go haywire with coronavirus so soon afterwards. But we thought you might enjoy some cheerful pictures right now. Staff often join in with local and national fundraising campaigns. The […]

The Chancellor, Rishi Sunak, has outlined the latest measures to support SMEs and the UK’s ailing businesses affected by the COVID-19 outbreak. The list that follows summarises his announcements, in the order they were announced: The Latest Measures to Support SMEs Loans and Liquidity The Treasury are making available £330bn of loan guarantees. These guarantees […]

As a firm, Jones Harris is acutely aware that our clients are very worried about the impact of this crisis on their businesses. One of the things you’ll want to know is whether you have business insurance cover for coronavirus. Business Insurance Cover for Coronavirus Businesses should check whether they are covered with their insurance […]