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COVID-19 Dividend income Employment income Help with VAT PAYE CIS and Corporation Tax Help HMRC and Companies House filing deadlines Income tax IR35 implementation in the private sector IT Contractors PAYE Taxation Services The Coronavirus Job Retention Scheme UK Taxation

COVID-19: Ineligible furloughed directors

COVID-19: Ineligible furloughed directors are mostly those receiving a monthly tax-free salary of £719 per month for 2019/20. This issue relates to claims for Coronavirus Job Retention Scheme (CJRS) grants being rejected as ineligible. The companies affected are those where the directors have operated a payroll for themselves only and opted to receive a monthly […]

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CIS contractors COVID-19 Help with VAT PAYE CIS and Corporation Tax Help HMRC and Companies House filing deadlines IT Contractors PAYE Taxation Services The Coronavirus Job Retention Scheme The Self Employment Income Support Scheme UK Taxation

COVID-19: Befuddled? We are tax agents

COVID-19: Befuddled? We are tax agents who can guide you through the Coronavirus Job Retention Scheme (CJRS) and Self Employed Income Support grants. HMRC has recently reached out to Canalitix Accountants and other UK tax agents to assist businesses with their claims for furloughed staff wages under CJRS. The CJRS dedicated online claims system is […]

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COVID-19 Employment income Income tax IR35 implementation in the private sector IT Contractors PAYE Private and public sector contractors and consultants Taxation Services The Coronavirus Job Retention Scheme UK Taxation

COVID 19: Applying for 80% of furloughed staff wages

This article on COVID 19: Applying for 80% of furloughed staff wages looks at the eligibility and qualify criteria for employers planning to apply to HMRC for help under the government’s Coronavirus Job Retention Scheme. Coronavirus Job Retention Scheme Under the Coronavirus Job Retention Scheme, Employers who have had to put staff on furlough leave […]

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Accruals basis (default) Cash basis COVID-19 Deferral of VAT and Income Tax Flat rate scheme Help with VAT PAYE CIS and Corporation Tax Help IT Contractors Taxation Services VAT VAT accounting schemes VAT return filing deadline

COVID-19: Deferral of VAT update

COVID-19: Deferral of VAT update: The government has just announced that businesses now have until 31 March 2021 to pay any VAT deferred as a result of this announcement. In addition, businesses can opt in to the deferral simply by not making VAT payments due in this period. The announcement also advised that businesses who […]