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Practice News

Claim for your employees’ wages through the Coronavirus Job Retention Scheme

Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave (‘furlough’) due to coronavirus (COVID-19).Published 26 March 2020 Last updated 4 April 2020 — see all updatesFrom:HM Revenue & Customs Contents Who can claim Employees you can claim for Agreeing to furlough employees How much you can claim…Read More

COVID-19: Directors on PAYE can furlough

Update from The Institute of Chartered Accountants in England and Wales (ICAEW) 31 March: The ICAEW has issued guidance that Company directors that receive salaries through PAYE can be furloughed and apply for a grant of 80% of their salary during the coronavirus pandemic. After examining HMRC guidance, the ICAEW has said that it believes…Read More

Coronavirus: relaxation of the statutory annual leave rules – HOLIDAYS

Coronavirus: relaxation of the statutory annual leave rules HOLIDAYS Regulations have taken effect which amend the Working Time Regulations 1998 to relax the current restriction on carrying forward untaken annual leave. Under the Working Time Regulations 1998 (WTR), workers have a statutory right to 5.6 weeks’ paid annual leave. The WTR require that at least four of these weeks must…Read More

DEFERRAL OF VAT PAYMENTS

The Chancellor announced a VAT payments deferral on 20 March to support businesses with cashflow issues during the COVID-19 pandemic. This means that all businesses with a UK VAT registration have the option to defer VAT payments due between 20 March and 30 June. Businesses have until 31 March 2021 to pay any VAT deferred…Read More

Coronavirus: UK government unveils aid for self-employed

The UK Government announced on 26 March, that self-employed workers will be able to apply for a grant of up to £2,500 a month to help them cope with the financial impact of coronavirus. The money will be paid in a single lump sum, but will not begin to arrive until the start of June…Read More

COVID-19: the impact of material changes to your business insurance

Many of our clients, just like ourselves, will have already been advised by the government to close or severely limit aspects of operations, and others will have seen, or will see, a sharp decline in business either as a direct or an indirect result of these recent government announcements. You may even have needed to…Read More

Coronavirus Business Interruption Loan Scheme

We wanted to share some further information which has been provided by the Government and some banks regarding the Coronavirus Business Interruption Loan Scheme. The key points are: Loans are available from £25,001 to £5m Available from 1-6 years No interest is Payable for 12 Months Capital Repayment Holidays are available for 12 months as well…Read More

Covid-19 Useful Information

1. Laying off employees – any person employed at 28 February, who can no longer do their job due to Covid-19, either due to the business having to close or scale back its workforce, can be furloughed, and 80% of wages: up to £2500 a month, can be reclaimed from HMRC. This will be done by means…Read More

HMRC Helpline – Coronavirus

If you run a business or are self-employed and are concerned about paying your tax due to coronavirus, you can call HMRC’s helpline for help and advice: 0800 0159 559. For those who are unable to pay due to coronavirus, HMRC will discuss your specific circumstances to explore: •agreeing an instalment arrangement  •suspending debt collection…Read More

Our Coronavirus Contingency Plans

At Walker Harris, we have aligned our business practices to those of UK government guidelines on COVID-19, and ALL of our staff are now working from home. In order to continue our services to you in as uninterrupted way as possible, under these difficult circumstances, we have invested heavily in IT provision, platforms, networks, and…Read More