There has been the usual political speculation that taxes will be increased in the forthcoming budget to pay for COVID grants and support. Leaving aside the economic arguments for and against, what planning adjustments can we make now assuming that business taxes will increase? Corporation…
Year: 2020
Government support for certain self-isolating cases
Government is to implement a new payment for people on low incomes in areas with high rates of COVID-19, who need to self-isolate and can’t work from home. Payments of up to £182 to be made to people who have tested positive for COVID-19 and…
E-commerce eases COVID disruption
Online sales soared by 800% for London-based start-up, OLLY’S, after losing 40% of its monthly revenue overnight due to the Coronavirus pandemic. The following was reported on the GOV>UK website recently: Founded in his parents’ kitchen three years ago, a love of olives inspired Olly…
Tax Diary September/October 2020
1 September 2020 - Due date for Corporation Tax due for the year ended 30 November 2019. 19 September 2020 - PAYE and NIC deductions due for month ended 5 September 2020. (If you pay your tax electronically the due date is 22 September 2020)…