Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
07 August 2020
HMRC publishes guidance on penalties for incorrect claims under SEISSHMRC has recently published guidance detailing the steps to take if you have incorrectly applied for and received a grant through the Self-employment Income Support Scheme. The guidance sets how HMRC assess and penalise self-employed workers who have claimed a grant they’re not entitled to.
05 August 2020
HMRC preferential creditor status restored – what this means for lenders and directorsHMRC’s secondary preferential creditor status was restored on 22 July when the Finance Act 2020 received Royal Assent. This makes HMRC, once again, a priority creditor to pay when a company goes into administration or liquidation from 1 December 2020.
05 August 2020
Coronavirus Job Retention Bonus: what you need to knowThe Chancellor announced the introduction of the Coronavirus Job Retention Bonus last month, in a step to reduce the number of people being made redundant as the furlough scheme unwinds. The bonus rewards employers who successfully bring back employers after being furloughed.
31 July 2020
Further support for hotels and self-catering accommodation in ScotlandThis week the Scottish Government announced further funding for the hospitality & tourism sector with a £14 million hotel recovery programme to support businesses until the start of next summer.
31 July 2020
New law to ensure furloughed employees receive full redundancyThe Government brought in a new law this week to ensure furloughed employees receive statutory redundancy pay based on their normal wages, rather than a reduced furlough rate.
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