by ClearwaysAccountants | Mar 5, 2021 | Contractor, COVID-19 Business Support, VAT
For businesses that deferred VAT payments due between 20 March and 30 June 2020 the payment is due by 31 March 2021. When HMRC set this repayment deadline no one thought that businesses would still be suffering from COVID-19 restrictions. In recognition of...
by ClearwaysAccountants | Mar 5, 2021 | Budgets and Autumn statements, Business tax, Contractor, COVID-19 Business Support
A year is a long time in politics. In the Budget 2020, the Chancellor earmarked £12 billion for COVID expenditure, at this year’s Budget the total spend was heading towards £407 billion. This is a huge amount of money that will take generations to repay,...
by ClearwaysAccountants | Nov 12, 2020 | Contractor, COVID-19 Business Support
The details of the extension to the furlough scheme have been announced… The Treasury have withdrawn the Job Support Scheme and so all this information can be ignored for the moment. The extension to the CJRS is to operate in a very similar way to the earlier...
by ClearwaysAccountants | Oct 28, 2020 | Contractor, COVID-19 Business Support
The Chancellor has released details on the new Job Support Scheme. This is split into two sections: JSS Open and JSS Closed. The new scheme will start on 1 November and run until 30 April 2021, although there is a review in January 2021. JSS Open This scheme will...
by ClearwaysAccountants | Jul 9, 2020 | Contractor, COVID-19 Business Support, IR35
Chancellor Announcements – COVID update July 2020 The Chancellor announced further measures to help the country come out of the COVID downturn. Most of the announcements will be detailed in the media, for small companies and contractors the following are the...
by ClearwaysAccountants | Apr 8, 2020 | Contractor, COVID-19 Business Support
Company Directors – 80% Wages Support We have received guidance on the wage grant. HMRC have confirmed that: Salaried company directors are eligible to be furloughed and receive support through this scheme. If a company has a number of directors then the...
