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Airbnb Letting Data

HMRC will know about lettings through Airbnb, so full disclosure of all taxable property income is essential, including for all prior years.

www.gov.uk/government/publications/let-property-campaign-your-guide-to-making-a-disclosure 

if you have any questions on this please contact us at info@burgesshodgson.co.uk

 

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Details Published On The New Job Retention Bonus

Posted: 02 October 2020

Full details have now been published of the scheme, which provides £1,000 bonus to employers retaining staff to January 2021 who had previously been furloughed:

An outline of the scheme can be found here: https://www.gov.uk/government/news/new-guidance-on-9-billion-job-retention-bonus-set-to-benefit-millions-of-businesses

Detailed guidance on the scheme is here:  https://www.gov.uk/guidance/check-if-you-can-claim-the-job-retention-bonus-from-15-february-2021

For worked examples of the minimum threshold of payment to employees for the employer to qualify for the bonus visit: https://www.gov.uk/government/publications/find-an-example-of-employees-and-the-minimum-income-threshold-for-the-job-retention-bonus/example-of-employer-deciding-which-employees-will-meet-the-minimum-income-threshold-for-the-job-retention-bonus

Treasury Direction setting out the rules of the scheme – this is important as it sets out the actual eligibility for a claim, which is the legislation used in any disputes. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/923783/SIGNED_CJRS_DIRECTION_No_4__Coronavirus_Job_Retention_Scheme_Bonus__Final.pdf

In the Treasury Direction there are some important time limits:

  • No more claims under the furlough scheme after 30 November 2020 (para 3.1 of the Direction)
  • Opening date for Job Retention Bonus claims 15 February 2021 (para 7.2)
  • Last date for Job Retention Bonus claims 31 March 2021 (para 7.2)

If you have questions on this please contact us at payroll@burgesshodgson.co.uk

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Does Your Practice Need a Tax and Accounting Health Check?

Simon Bailey hosts our Q&A session with a team of our experts; Kenton May, Guy Vine and Gemma Jordan, with special guest Paul Gordon.

Watch the Q&A here.

If you have any further questions please get in touch at info@burgesshodgson.co.uk

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Furlough Staff on Jury Service

HMRC has confirmed on its Employment and Payroll Group (EPG) that the Coronavirus Job Retention Scheme claims can be made for furloughed staff on jury service,  read more here.

 

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Major Changes Announced

Posted: 24 September 2020

Major changes have today been announced by the Chancellor. Detailed documents are awaited, summaries of the measures that the government has announced has been published and provide more information:

www.gov.uk/government/news/chancellor-outlines-winter-economy-plan

www.gov.uk/government/publications/winter-economy-plan/winter-economy-plan

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Government Update Guidance and Laws

Posted: 23 September 2020

Following the Prime Minister’s announcements yesterday, detailed guidance notes have been published.

A summary of the changes can be found here: www.gov.uk/government/news/coronavirus-covid-19-what-has-changed-22-september

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£215m Repaid Furlough Funding

More than £250 million furlough funds have been repaid by employers.

Read more here.

If you have any questions regarding your furlough payments please contact us at info@burgesshodgson.co.uk

 

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Commercial Premises – Extension of No-Eviction Provisions

Posted: 16 September 2020

Provisions are to be introduced to prevent commercial tenants from being evicted until the end of the year (unless extended again). This means that commercial tenants which have not paid March, June and September quarters’ rent cannot be evicted.

The announcement can be found here:

www.gov.uk/government/news/government-extends-support-to-stop-business-evictions-this-year

Detailed rules are awaited.

 

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Company House are Resuming Strike Off’s

Posted: 10 September 2020

Companies House are resuming the voluntary strike off process today, which had been suspended in April this year, due to the coronavirus outbreak.  Any company that made an application to be struck off before July this year will be struck off and dissolved over the next 4 weeks.

Companies House are due to resume the compulsory strike off process, for those companies that do not appear to be active and have not kept up to date with their filing requirements, from 10 October.

For more information visit: www.gov.uk/government/news/companies-house-resumes-voluntary-strike-off-process

If you have any questions regarding this please contact us at info@burgesshodgson.co.uk

 

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New Grants for Businesses Affected by Local Lockdowns

“Businesses in England that are required to shut because of local interventions will now be able to claim up to £1,500 per property every three weeks.”

Read the Government Update here: www.gov.uk/government/news/ministers-announce-new-grants-for-businesses-affected-by-local-lockdowns

If you have any questions on these grants please contact us at info@burgesshodgson.co.uk

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