The new VAT road fuel scale charges have been published. The changes amend the VAT scale charges for taxing private use of road fuel to reflect changes in fuel prices.
The new fuel scale charges must be used by companies from the start of their next
Under normal trading conditions – pre-COVID-19 disruption – every time we sell our goods or services each sale requires that we cover three categories:
The direct costs of the sale (for example, the raw materials purchased to produce
The Government has launched a raft of grants and loan guarantee arrangements since the COVID-19 lock-down started last month.
In almost all cases the grants are taxable and non-repayable, unless HMRC at some future date consider that the grants were
If you had a student loan and have finished your studies and entered the workforce you must begin to make loan repayments from the April after you have finished your studies or when your income begins to exceed the annual threshold. The annual
The scope of the Coronavirus Large Business Interruption Loan Scheme (CLBILS) was expanded by the Chancellor ahead of the scheme launch on 20 April 2020. The scheme enables banks to make loans to firms with an annual turnover of over £45
The Chancellor of the Exchequer, Rishi Sunak, has announced today (17 April 2020) that the Coronavirus Job Retention Scheme is to be extended by one month until the end of June. This announcement will help provide many businesses with more certainty
The government has confirmed a number of important of announcements regarding the eligibility requirements for using the Coronavirus Job Retention Scheme and the opening of the online portal for applications.
The date on which employees can be
The government has published sector-specific guidance for employers in England on social distancing in the workplace during coronavirus (COVID-19). The guidance covers how social distancing and other measures might be implemented by employers to
There is a temptation to treat expenditure as a cost. The Cambridge Online dictionary defines cost as:
“The amount of money needed to buy, do, or make something”
What this definition does not do is to expose the difference between a
Once the present lock-down is eased, those businesses that have manged to weather the disruption will be eager to start selling.
Sales will be the indicator that receives the most attention; sole-traders, partners and directors will be out of their