We have been attempting to add as much information as possible to our Information Update page but there are still many unanswered questions.
Below are a few of those that we are being repeatedly asked:
Your local authority will write to you in due course to inform you of your entitlement.
As with the business rates holiday, it is the local authority who will administer this and will write to you in due course to inform you of your entitlement.
No, this scheme is only available to those employers who would otherwise have to lay off their staff because there is no work for them.
HMRC will administer this scheme and in due course will release details of how to apply. A new HMRC IT system will need to be built to administer such a scheme so expect delays in reimbursement.
No, this scheme is only available to those employers who would otherwise have to lay off their staff because there is no work for them.
The next quarter of VAT payments will be deferred, meaning businesses will not need to make VAT payments until the end of June 2020. Businesses will then have until the end of the 2020-21 tax year to settle any liabilities that have accumulated during the deferral period. The deferral applies automatically and businesses do not need to apply for it. VAT refunds and reclaims will be paid by the government as normal.
es SSP is payable to your employee in these circumstances.
No this payment has been deferred until 31 January 2021.
HMRC has a set up a phone helpline to support businesses and self-employed people concerned about not being able to pay their tax due to coronavirus (COVID-19).
The helpline number is 0800 0159 559 and allows any business or self-employed individual, who is concerned about paying their tax due to coronavirus, to get practical help and advice.
HMRC has a set up a phone helpline to support businesses and self-employed people concerned about not being able to pay their tax due to coronavirus (COVID-19).
The above is for guidance purposes only, based on what we know at the moment. If you require specific advice then please contact us directly on info@brooks-accountants.co.uk
We will be adapting this page as soon as we have more information, so please continue to check back.