CORONAVIRUS - 24.09.2020
Job Support Scheme - the detail
The Chancellor has announced a new scheme to help employers retain their employees which will kick in after the Coronavirus Job Retention Scheme ends. The Job Support Scheme (JSS) will apply from 1 November and will run for six months. Could it help your business?
CORPORATION TAX LOSSES - 24.09.2020
Maximising relief for a client with terminal losses
One of your client’s companies has ceased trading after being severely affected by the pandemic. How can they take advantage of changes made in 2017 to the rules for company losses?
P11D - 24.09.2020
Coronavirus pressures hits HMRC system
Realocation. The deadline for filing the annual Form P11D is 6 July each year. However, due to HMRC staff being reallocated to prioritise helping businesses with coronavirus support for much of mid-2020, a huge backlog has built up in other areas and departments. ...
CARS - 24.09.2020
New advisory rates from 1 September 2020
Back to work. With so many employees working from home during the lockdown, it is easy to overlook things like mileage allowance rates. However, with the country slowly getting back to offices and other places of work, it’s a good time to take stock of such things. The advisory rates for company-owned vehicles change on a quarterly basis. ...
BUSINESS PROPERTY RELIEF - 24.09.2020
Funding a company: avoid an IHT trap
Your client owns a trading company that requires some extra capital. She is intending to take out a personal loan secured on her house to fund this. However, why might this lead to a problem with inheritance tax, and what can you advise?
COMPANY VANS - 24.09.2020
When is a van a car?
The Court of Appeal has issued a ruling which means that some crewcab vans are to be treated as cars for benefit-in-kind purposes. What was the key finding and what should you warn clients of?