by Hawsons | May 6, 2020 | Jenny Brown, Personal Tax, Tax
If your earnings have fallen below £60,000, for example, if you have been furloughed or your self-employed profits have decreased due to the Covid-19 pandemic, you may be eligible to claim or restart child benefit payments. If this has happened to you, you should act...
by Hawsons | Apr 9, 2020 | Jenny Brown, Property & Construction, Tax
Did you know that, from 6 April 2020, there will be significant changes to the capital gains tax regime for disposals of UK residential land and property? UK residents making a disposal will be required to submit a return and pay any capital gains tax due to HMRC...
by Hawsons | Apr 2, 2020 | Craig Walker, Making Tax Digital, Tax, VAT
Delay of VAT Making Tax Digital ‘phase two’ The government has announced that, in light of the impact of Covid-19, the digital links requirement of Making Tax Digital for VAT will be deferred by 12 months to 1 April 2021. What is being delayed? The first...
by Hawsons | Mar 26, 2020 | covid-19, Craig Walker, Retail, Tax
Contactless spend limit to be increased; COVID-19 On 1 April the spending limit for contactless card payments will be increased from £30 to £45. This is an attempt to reduce the use of paper money during the COVID-19 pandemic. This decision has been made by the...
by Hawsons | Mar 26, 2020 | covid-19, Jenny Brown, Personal Tax, Tax
HMRC have updated their guidance to confirm that all individuals in Self Assessment, not just the self-employed, will now be eligible to defer their July 2020 payments on accounts until January 2021. This will be an automatic process and no interest or late payment...
by Hawsons | Mar 23, 2020 | Corporate Tax, covid-19, SME, Tax
COVID-19 Government Funding Update Please note that current guidance is changing all the time but the following is an up to date summary as at 23 March 2020 of current schemes in place to assist with business interruption resulting from the Coronavirus outbreak....
