Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
02 October 2020
Market Commentary September 2020The main UK index slipped into negative territory again in September as fears of a second wave of coronavirus emerged. The threat of further restrictions and localised lockdowns saw the market values of travel and leisure related stocks push the market to a 1.63% retreat from August’s close.
24 September 2020
Introduction of the Job Support SchemeThe Job Support Scheme will begin in November for six months as a continuation of support following the end of the furlough scheme on 31 October.
24 September 2020
Winter Economy Plan - extension to income tax deadline and Self-Employed Income Support SchemeThe Chancellor announced the extension of the Self-Employed Income Support Scheme, as well as an extension to the deadline to pay your self-assessment tax bill.
24 September 2020
VAT cuts for the Hospitality & Tourism sectorAs the Government seeks to revive the UK economy after months of lockdown, the Chancellor announced a £4 billion commitment to reduce the rate of VAT from 20% to 5% in the hospitality and tourist sectors. Both reductions will run from 15 July 2020 to 31 March 2021.
24 September 2020
Be aware of filing deadline extensionsIn late March, the Government announced an extension to the deadline for filing annual accounts with Companies House. However, as yet no corresponding extension has been granted to the HMRC deadlines for tax payment or filing. With a company’s accounts being a key component in preparing the tax return, businesses should be mindful of the timelines for submission each if utilising the extended Companies House filing period.
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