Posted 09/07/2020 A new temporary reduced rate of VAT of 5% was announced on 8 July 2020 for admission to certain attractions. This temporary rate will apply from 15 July 2020 to 12 January 2021. Who this applies to This applies to businesses that make supplies of admissions that are currently taxable at the standard…Read More
Posted 09/07/2020 The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: hospitality hotel and holiday accommodation admissions to certain attractions The temporary reduced rate will apply to supplies that are made between 15 July 2020 and 12…Read More
Posted 09/07/2020 It has been announced that you can register your establishment for the Eat Out to Help Out Scheme from 13th July 2020, with registration closing on 31st August 2020. You can register if your establishment: sells food for immediate consumption on the premises provides its own dining area or shares a dining area…Read More
Posted 08/07/2020 The Chancellor has made his announcement today and revealed the plans to save jobs and boost the UK’s economic recovery. The points are summarised below: Stamp Duty Reduction From today until 31 March 2021, buyers will pay no Stamp Duty on the first £500k when they move home This will apply until 31…Read More
Posted 29/06/2020 The Department for Business, Energy & Industrial Strategy have published a list of the rules that have been temporarily relaxed to make it easier for businesses to continue working through the disruption caused by coronavirus (COVID-19). The government has temporarily relaxed the rules in the following areas: Annual leave: Workers will be allowed…Read More
Posted 26/06/2020 The Government has outlined measures that will allow UK tourism and visitor attractions to reopen to the public. The guidance, published by the Department for Digital, Culture, Media and Sport, outlines the processes and facilities that businesses must put in place before reopening on July 4 so that both staff and visitors can…Read More
Posted 26/06/2020 Practical guidelines have been published to help restaurants, pubs and hairdressers reopen safely. The new guidance sets out a range of measures for pubs and restaurants to become Covid-19 secure, including: requiring use of table service where possible instead of ordering at the bar and assigning a single staff member per table encouraging…Read More
Posted 26/06/2020 The Government have provided guidance, broken down into different business sectors, to help employers, employees and the self-employed understand how to work safely during the coronavirus pandemic. The guidance is being updated as new announcements are made, so it is worth checking back for further information. For full Government Guidance please see https://www.gov.uk/guidance/working-safely-during-coronavirus-covid-19…Read More
Posted 26/06/2020 Cheshire East Council has launched the second phase of the local discretionary grant scheme, which opened for applications this morning. The deadline for applications is 8am on the 10th July 2020. The first phase received over 450 applications from small business which are currently being assessed. The local discretionary grant is aimed at…Read More
Posted 19/06/2020 Self-employed parents whose trading profits dipped in 2018/19 because they took time out to have children will be able to claim for a payment under the self-employed income support scheme (SEISS), the government has announced. The scheme requires claimants to have traded in 2018/19 with their profits making up at least half of…Read More
Posted 19/06/2020 With some dairy farmers facing financial difficulties and excess milk, the new fund will provide support for those most in need. Eligible dairy farmers will be entitled to up to £10,000 each, to cover 70% of their lost income during April and May to ensure they can continue to operate and sustain production…Read More
Posted 18/06/2020 The VAT payment calculated for your May quarter end will not be eligible for the payment deferral and will need to be paid by the normal deadline. The last day for HMRC to receive cleared funds will be 30th June if you pay by cheque, 7th July if you pay by other methods,…Read More
Posted 15/06/2020 This scheme has been extended, and you will be able to claim a second and final grant in August 2020. Your eligibility will be worked out in the same way as the first grant. If you make a claim for the second grant you will have to confirm your business has been adversely affected…Read More
Posted 14/06/2020 The guidance includes: Changes to the scheme and key dates that you need to be aware of How you can claim if you bring previously furloughed employees back to work part-time from 1 July (known as flexible furloughing) and how many employees you can claim for in any one claim How to claim,…Read More
Posted 05/6/2020 For Businesses that are registered for VAT that are in the construction sector, the introduction of the domestic reverse charge for construction services will be delayed for a period of 5 months from 1 October 2020 until 1 March 2021 due to the impact of the coronavirus pandemic. There will also be an…Read More
Our monthly newsletter contains a round up of the latest tax news and updates of what's happening at Hammond McNulty
As a subscriber you will automatically receive our newsletter direct to your inbox