Latest News
The latest news from Hawsons Chartered Accountants in Sheffield, Doncaster, and NorthamptonLatest News
Updates – Coronavirus Business Interruption Loan Scheme
Changes to current Coronavirus Business Interruption Loan Scheme (“CBILS”) There have been many reports of businesses having issues in accessing much needed funding through the CBILS facility. Issues have included demands from lenders for Personal Guarantees and being...
Delay of VAT Making Tax Digital ‘phase two’
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 phase of MTD...
How to recognise a phishing or bogus email?
How to recognise a phishing or bogus email? Please be aware that in times like these that some unscrupulous individuals are seeking to take advantage of current events (COVID-19) to profit for themselves. It is vitally important with more remote working that you are...
Self-employment Income Support Scheme
Self-employment Income Support Scheme On 26 March the Chancellor Rishi Sunak announced his plans to support the self-employed during the COVID-19 pandemic. In some ways it is very similar to the previously announced Job Retention Scheme. The Self-Employment Income...
Contactless spend limit to be increased; COVID-19
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...
Deferral of Tax Payments
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...
Companies House announce 3-month extension available for businesses unable to file their accounts due to COVID-19
Companies House announce 3-month extension available for businesses unable to file their accounts due to COVID-19 The Department for Business, Energy & Industrial Strategy has introduced a 3-month extension available for businesses unable to file their accounts...
VAT deferral – Cancel your VAT direct debit!
VAT Deferral - Cancel your VAT direct debit! The Chancellor has announced that VAT payments can be deferred for the next 3 months. All VAT-registered UK businesses are eligible for the deferral. If your business normally pays VAT by direct debit, you will need to...
Coronavirus Guidance Update for Charities
Charity COVID-19 Update At this moment in time many charities will be understandably concerned about what the COVID-19 outbreak means for them. The government want to assure charities that they will be as flexible and pragmatic as possible during the coronavirus...
