Coronavirus Updates for Accountants
Posted in Accountants, Coronavirus, Coronavirus Update, Finances, Inheritance Tax, Langricks, Media News Yorkshire, Michael Bell and Co, Salaries, SME, SME Businesses, SME News Yorkshire, Tax Relief Claims, Taxation News Yorkshire, VAT, VAT Scheme
17 April 2020
- HMRC emails two million eligible businesses login details for furlough portal
- Government extends furlough end date to 30 June at £50bn cost
- Confusion over private school fees and covid-19 lockdown closures
16 April
- Top tips: furlough and the Coronavirus Job Retention Scheme
- FCA remodels business plan to address coronavirus challenge
- Higher rate child benefit – remember to claim if you’re on furlough with reduced salary
15 April
- Furlough start date extended to 19 March
- Covid-19: what’s the exit strategy? We ask accountants what they think
- More lenders accredited for small business loan scheme
14 April
- HMRC clarifies MTD for VAT deferral reporting process
9 April
- £750m extra funding package for frontline charities working with vulnerable groups
- Bank of England to underwrite government overdraft via Ways and Means facility
- How to register for child benefit for new born babies
8 April
- HMRC launches beta testing for 80% furlough portal, Harra tells MPs
- MTD technical guidance being rewritten for VAT deferral
- Tips and advice: directors’ duties and responsibilities in the age of covid-19
- Government lending schemes create ‘cliff edge’ for business
- Insurers cave in to demand to delay dividend payments
7 April
- Top 10 tips: employee expenses during coronavirus homeworking
- Financial support for Northern Ireland businesses and employers
- Coronavirus large business interruption loan scheme (CLBILS) launched
- 80% rules allow training, volunteering and even second jobs
- Zero hours PAYE employees entitled to 80% furlough scheme
- Coronavirus business interruption loan scheme (CBILS) amended
- Football clubs fight to keep going as grounds remain closed
- British Airways furloughs 30,000 and puts pilots on half time
- Bus services support grant launched
- Public sector contractors given access to 80% furlough scheme
- Electronic signatures and witnessing practicalities when isolating
- FCA consults on three-month loan and credit card payment freeze
- Banks suspend £15bn in dividend payments
- Duties and VAT waived on vital medical imports
- Charity SORP guidance issued
- HMRC clarifies self-assessment tax payment deferral
- Guidance on small business and retail sector grant schemes
- EU Tax Authority tracker monitors cross-border covid-19 VAT changes
- Returning NHS workers targeted by tax avoidance scammers
- Coronavirus Act 2020 allows for HMRC extended powers
- Coronavirus Job Retention Scheme – government will pay employer NICs
- Limited company directors have limited support under covid-19 measures
- Insolvency rules to be relaxed, initial announcement
- Annual leave rules will allow temporary two-year holiday rollover cycle
- Q&A: Self-employment Income Support Scheme
- Partnerships offered income support
- Contractors ‘fall through cracks’ in support
- Changes to stamp duty payments process on share sales
- Accounting and tax institutes cancel exams
- Self-employed package hints at future tax equity
- HMRC changes coronavirus business helpline number to increase capacity
- Self-employed will receive 80% package financial support
- Chancellor finalising package of financial support for self-employed
- Users of VAT deferral should review direct debits to HMRC
- £3.5bn of dividends slashed
- FTSE audit partner tenure extended
- Regulators issue joint guidance on financial reporting and audit requirements
- Taxpayers urged to weigh up savings withdrawals
- Revised investment reporting standards delayed to September
- Government demand for March beer duty payments ‘disappointing’
- HMRC looking to deploy more staff to business helpline
- Warning on scammers and abuse of government schemes
- Bank card contactless limit increased
- FRC considers delay to audit quality inspections
- Expat US taxpayers can defer federal income tax filing to 15 July
- Business rates holiday extended to estate agents and bingo halls
- Gender pay gap reporting suspended
- ‘Your NHS needs you’ to volunteer
- 80% rule salary payments liable for income tax and NICs
- Q&A: what does UK lockdown mean for employers?
- Non-essential shops closed but not exhaustive list
- Covid Corporate Financing Facility available
- Sick pay to be refunded to small businesses
- Moratorium on evictions by commercial landlords
- Expats and non doms can claim ‘exceptional circumstances’
- Urgent government action needed to support self employed
- UK GDP to drop 2.6% before 2021 recovery
- HMRC cuts interest rate for late/early payments
- Accountancy firms activate agile working as office premises close
- Companies risk breaching banking covenants
- Coronavirus Business Interruption Loan Scheme open for applications
- VAT payments deferred for three months
- Six month deferral on self-assessment payments
- FCA implements two-week moratorium on FTSE corporate reporting
- Companies House extends accounts filing deadline
- Businesses rally to support NHS workers
- Online coronavirus isolation notes for absence from work
- Government to take over rail franchises
- Chancellor sets out radical employment support package to protect jobs
- Coronavirus Business Interruption Loan Scheme hiked to £5m
- HMRC needs to ramp up covid-19 time to pay guidance
- Bank of England advice on liquidity reporting under IFRS 9
- Rail services cut in response to covid-19
- Chancellor tells MPs business loans effective ‘beginning of next week’
- Bank of England cuts base rate to 0.1%
- Chancellor convenes emergency meeting with business groups and unions
- London’s transport network cut back in face of coronavirus
- Schools to close from Friday
- £330bn ‘unprecedented’ coronavirus emergency fund
- IR35 private sector reforms delayed until 2021 (updated guidance issued 3 Apr 2020)
- Covid-19 sees companies develop AGM contingency plans
- Covid-19 measures pose ‘catastrophic’ challenge for leisure industry
- Regulator offers filing extension for charities affected by covid-19
- Accountants activate covid-19 contingency plans
- FRC advice for auditors and financial reporting