The state pension triple lock may not survive much longer. The impact of Covid-19 on earnings could mean a change in the way that state pensions are increased in each year. If nothing is done,…
Consumer credit Covid-19 measure extended
Help for consumers to manage their credit and debt has been extended to the end of October. In mid-June, the Financial Conduct Authority (FCA) told firms to extend measures to provide help to people with…
Card tax payments to incur charges
When making tax payments to HMRC, you are currently only charged a fee if you pay by business credit card, while payments by personal credit card are not permitted. However, from 1 November 2020, payments…
Breaking News
A quick update on the operation of the Coronavirus Job Retention Scheme (CJRS) previously opined on (see our blog xxx). HM Treasury has announced directions on the modification of the scheme effective i.e. the cut-off…
Furlough scheme to be tapered from August
On 12 May, the Chancellor announced changes to the operation of the Coronavirus Job Retention Scheme (CJRS) and set out details on how the scheme will operate as people return to work. The good news…
HMRC to investigate fraudulent COVID-19 claims
HMRC has shot yet another salvo across the bows of employers claiming grants under the government’s Coronavirus Job Retention Scheme (CJRS), by announcing an increase in the number of reports it has received regarding potentially…
New Advisory fuel rates apply from June
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 June 2020, until further notice. For one month from the date of the change, employers may use…
Bounce Back Loans
Interesting article on another one of the government’s initiative to ensure the cashflow of small businesses do not dry up #bouncebackloans. Confirms my personal suspicions on the future direction of this government initiative to help #smallbusiness cope with…
COVID-19, Global Mobility and Taxation
An in depth discourse into the nuances of the impact of #covid19 and #HMRC's statutory residents test (SRT) on #globalmobility staff and individuals delayed in the UK following #lockdown. A definite must read for both professionals and individuals affected.
The Rise of the Virtual Law Firm
With the outbreak of COVID-19 and the UK government’s compulsory lockdown of the economy in March this year, thousands of employers have been forced to embrace the wonders of modern technology and equip their employees…