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What’s happening?

Here you can keep up to date with our latest news, as well as the latest goings-on in the world of accounting.

The government, in direct response to the COVID-19 global pandemic has stepped up their support with the CBILS scheme. This was launched on the 23 March 2020 and is a temporary facility for a suggested 6 months and will be subject to change and revie... Read More

There is a special financial support targeted specifically at exporters.  This is in addition to the package of government-backed and guaranteed loans and other measures designed to support businesses coping with the financial effects of Co... Read More

The Northern Ireland Office (NIO) is a UK government department responsible for Northern Ireland affairs. The NIO seeks to ensure the smooth working of the devolution settlement in Northern Ireland. A new press release, jointly published by the NIO,... Read More

Company directors, company secretaries, people with significant control (PSC) and LLP members can apply to remove their personal addresses from the UK’s official company register at Companies House.  Prior to the introduction of this... Read More

Following the recent cut in the Bank of England base rate from 0.25% to 0.1%, HMRC has announced changes to the rates of interest they charge.   The new late payment interest rate, applied to the main taxes and duties, took effect from 30... Read More

HMRC has published further details on how the new Coronavirus Job Retention Scheme will work in practice. It had already been announced that the new scheme will see the government cover up to 80% of wage costs, up to a cap of £2,500 per month,... Read More

New insolvency measures have been announced to help prevent businesses unable to meet debts, due to the impact of Coronavirus, to continue trading and not be forced to file for bankruptcy. The measures were announced by the Business Secretary, Alok S... Read More

In another move to help businesses the government announced that VAT registered businesses can defer any VAT payments due between 20 March 2020 and 30 June 2020. There is no application process required to defer the relevant payment. Howeve... Read More

The spending limit for contactless card payments has been increased from £30 to £45 effective 1 April 2020. The change in the limit had been under consideration and has now been expedited as part of the industry’s response to t... Read More

Directors that have drawn remuneration from their companies as a mix of low salary and higher dividends would seem to be overlooked by the schemes announced recently to support the employed and the self-employed. In the first news story published by... Read More

The phone number for the COVID-19 helpline launched earlier this month has been changed to 0800 024 1222. Calls to the previously published number will be redirected. The launch of the new number will help increase capacity.  The helpline... Read More

As part of the package of measures to tackle the Coronavirus outbreak, the government has announced that the basic element Working Tax Credit payments will be increased from an expected £1,995 to £3,040 for the 2020-21 tax year starting o... Read More