June has seen both businesses and individuals pick themselves up and dust themselves down as the brunt of Coronavirus gradually recedes from everyday life. Although daily figures for new cases are still in the thousands, fatalities continue to decline thanks to a greater understanding of how to treat the virus with widely available drugs such as Dexamethasone.…READ MORE
In its latest representation on behalf of ICAEW, the Tax Faculty has concluded that the government should not consider the proposed amendment to the Finance Bill that would introduce the expansion of IR35 reform to large private sector companies.
Released on the 5th of June, the report states that further considerations of the new off-payroll working regime should be delayed pending an autumn Finance Bill.…READ MORE
An antibody test made by the pharmaceutical company Roche has been approved for use in the UK. The test has proven 99.8% specific for Covid-19, meaning that it is not confused by antibodies against other coronaviruses that can cause colds. With 100% sensitivity, it will also pick up any antibodies that are present.…READ MORE
On Sunday, Boris Johnson announced a “conditional plan” to begin lifting England’s coronavirus lockdown. The plan outlined a “Covid-19 alert system”, that will influence how quickly the lockdown can be lifted in accordance with three conditional stages. Mr. Johnson said the government would begin with the first stage on Wednesday.…READ MORE
On March 26th, Chancellor Rishi Sunak set out measures that will see the self-employed receive up to £2,500 per month in grants for at least 3 months. 95% of people who receive the majority of their income from self-employment could benefit from the new Self-Employed Income Support Scheme.…READ MORE
Much remains up in the air regarding the government’s package of measures to support businesses during the Covid-19 outbreak. However, one measure that could significantly help limited company contractors is the announcement that VAT and Income Tax payments due between now and the end of June will be deferred for three months.…READ MORE
In many instances, the advice for contractors on the Covid-19 outbreak will follow government guidelines for the general population. However, because of particular working practices common to many contractors, we’ve put together some information that may be of particular relevance.
As of March 23, Boris Johnson has placed London and the rest of the UK into lockdown in an attempt to stop coronavirus spreading.…READ MORE