Please visit regularly as this page will be revised as updates and new initiatives are announced.
If you wish to discuss any of the COVID-19 related initiatives or changes please contact your usual haysmacintyre contact or email CV19@haysmacintyre.com.
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COVID-19: Individuals and Partnerships summary page
This is haysmacintyre’s dedicated summary page for private client and individuals on the range of financial, tax and accounting measures being introduced to combat COVID-19.
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COVID-19: HMRC Time to Pay arrangements
The uncertainty surrounding COVID-19 has left many reviewing personal and business cashflow forecasts for the coming months.
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Coronavirus Job Retention Scheme update
The Chancellor’s headline announcement from today’s budget regarding the Coronavirus Job Retention Scheme is that it will be extended until September 2021.
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Working from home allowances for partners
HMRC announced the extension of the working from home allowance for employees, and made it easier to claim where staff have been required to work from home.
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COVID-19: Assistance for the self-employed
The Government has announced a package of assistance for business, employees, and a significant assistance package for self-employed whose business have been adversely affected by COVID-19.
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Have a virtual Christmas everyone!!!
The idea of a Christmas party may not be an option, but many employers want to know whether they can organise an event to help bring their teams together.
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Job Support Scheme
The Chancellor of the Exchequer announced on 24 September new details of the Job Support Scheme, which will replace the Coronavirus Job Retention Scheme with effect from 1 November 2020.
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Winter Economy – VAT announcements
The temporary reduction in the rate of VAT applying to certain supplies in the hospitality sector was due to come to an end on 12 January 2021. The rate cut is now being extended until 31 March 2021.
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COVID-19: VAT
The Government announced on 20 March that no VAT liabilities need be paid between 20 March and 30 June 2020. This is automatic, and no applications need to be made to HMRC.
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COVID-19: Risk and mitigation
COVID-19 is now on everyone’s risk mitigation strategies. Some emerging risks are difficult to foresee and the impact on organisations cannot be judged.
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COVID-19: Job Retention Scheme and statutory maternity/paternity leave extension
The Treasury has now confirmed that parents on statutory maternity and paternity leave who return to work in the coming months after a long period of absence will be permitted to be furloughed.
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COVID-19: New legislation on AGMs during COVID-19 measures
On 20 May the Government proposed the Corporate Insolvency and Governance Bill which is expected to be approved by the Parliament on 3 June.
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COVID-19: Temporary exemption for the purchase of home office equipment
To support employees who are working from home and need to purchase home office equipment as a result of COVID-19, a temporary tax exemption and National Insurance disregard will come into effect.
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COVID-19: Business rates relief
The Government has announced support for businesses that pay business rates.
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COVID-19: Job Retention Scheme
The Government has announced support of all UK businesses to help protect jobs during the COVID-19 crisis.
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COVID-19: Statutory Residency Test
The Statutory Residency Test deems an individual to be resident or non-resident for tax purposes in the UK if certain criteria are met.
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COVID-19: Business Interruption Loan Schemes (CBILS and the new CLBILS)
As announced in the 2020 Budget, HM Treasury together with the British Business Bank (BBB) have introduced a financial package for SMEs to ease cash-flow disruption caused by COVID-19.
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COVID-19: Temporary changes to Statutory Sick Pay (SSP)
Temporary changes are being made to SSP regulations as part of the Government’s response to helping businesses during this period of disruption.
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COVID-19: Remote auditing
In these unprecedented times there are many challenges that organisations, particularly charities, face.
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COVID-19: Stamp Duty payments and stamping of documents
HMRC has put in place temporary processes for dealing with Stamp Duty on shares during the COVID-19 outbreak.
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COVID-19: IR35 reforms postponed until 2021
The Government has announced that the extension of IR35 reforms within the private sector will be postponed until April 2021 as a part of measures to deal with the coronavirus.
