Month: April 2020

2 minutes to read ‘Bounce Back’ Loan Scheme A new loan scheme focused on small and medium-sized firms was announced by the Chancellor on 27 April 2020, in response to concerns that the Coronavirus Business Interruption Loan Scheme (see below) was not working sufficiently well for the smaller business sector.  Under the Bounce Back loan scheme, loans of between …

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9 minutes to read Coronavirus – Help for business (Updated 28 April 2020) Businesses are facing unprecedented challenges during the Coronavirus outbreak, and the government has been quick to acknowledge this and introduce a number of measures to bring relief through the tax system to large and small employers alike.  Further details can be found on HMRC’s website. TAX …

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4 minutes to read Working from home – what expenses can you claim? The Covid-19 pandemic has resulted in more employees than ever working from home, whether because of office closures or the need to self-isolate at home.   Many employers and employees will not have considered the tax implications of expense payment associated with home working. To avoid falling …

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< 1 minute to read To assist with the COVID-19 response, HMRC has published guidance on COVID-19 easements for importers, exporters and customs authorisations on the following matters: Pay no customs duty and import VAT on medical supplies, equipment and protective garments during the COVID-19 response Moving goods through customs during the coronavirus response Customs authorisations during the coronavirus response …

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