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01-04-2020 Simon
Can a sole director be furloughed?

Two reasons why we don’t think a sole director can be furloughed The question that I am trying to address here is if a sole director can furlough himself or herself In summary, there are two reasons why I don’t think that this is allowed under the current rules: Reason 1: A company must always […]

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26-03-2020 Simon
Help for the UK self-employed announced today

Taxable grant of 80% of average monthly profits, up to a maximum of £2,500/month The UK Government announced today a grant to help self-employed to help them cope with the financial impact of Coronavirus. The Coronavirus Self-Employment Income Support Scheme, as it is called, is worth 80% of the self-employed persons average monthly profits over […]

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25-03-2020 Simon
Government announces more time to file Accounts and pay Corporation Tax

Deadline for filing accounts with Companies House delayed by 3 months The UK Government has announced that from today (25/03/20) businesses can apply for a 3-month extension for filing their accounts. The Government says: “As part of the agreed measures, while companies will still have to apply for the 3-month extension to be granted, those […]

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25-03-2020 Simon
UK COVID-19 aid for businesses – actions and fees

This post summarises the webinar that we held earlier today (25/03/20, 9:30am UK Time) regarding the aid that is available to small businesses and the actions we suggest that you take. As I noted before, we would like to offer these services to our clients free of charge. However, like everyone else we need to […]

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14-12-2019 Simon
Post Election Update – Brexit – Imports, living & working in the UK

Please excuse this global e-mail. I have written it because, following yesterday’s UK election, it now looks likely that “Brexit Day”, the day that the UK will leave the EU, will actually happen on the 31 January 2020. Following this there will be a “transitional period that lasts until at least 31 December 2020. What […]

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03-11-2019 Simon
Health Tourism and VAT

Health tourism and VAT The health tourism business is an interesting area because it combines three types of VAT supplies: exempt services (the provision of health services is usually an exempt supply) standard rate services (for example, commissions charged) TOMS services (for example hotels & the like) This note looks at some of the issues […]

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