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Summer Statements Update by Howard Gross

. Parental child leave HMRC have updated the guidance for the Self-Employment Income Support Scheme (SEISS). for self-employed parents who did not submit a tax return for 2018/2019, or whose trading profits in 2018/19 were less than their other income, and were...

The Chancellor’s statement 08 July 2020

Today the Chancellor, Rishi Sunak, announced the Eat Out to Help Out scheme, as part of the Plan for Jobs 2020 update. The scheme will support over 129,000 businesses in the hospitality industry. Diners can get 50% off meals and non-alcoholic drinks, up to £10 per...

SEISS – Eligibilty criteria

You must confirm you meet the eligibility criteria and you may have already checked if you are eligible using the HMRC eligibility checker. The relevant eligibility criteria are: • you traded in the tax year 2018/19 and filed your self-assessment tax return on or...

Budget 2020 – A few points by Howard Gross, our chairman

Loan Charge The government has confirmed that it will implement all but one of the recommendations made by Sir Amyas Morse in his review of the loan charge rules. The legislation will have effect retrospectively to 5 April 2019, which is the relevant date for the...

The Budget 2020 and Insolvency

BUDGET 2020 –CROWN PREFERENCE, PERSONAL LIABILITY FOR CORPORATE TAX DEBTS AND THE PRESCRIBED PART The Budget & Insolvency The two key Budget stories for the insolvency and restructuring profession are announcements on HMRC’s planned return to preferential status...

Data Protection Warning – latest development

Financial Conduct Authority-authorised firms and insolvency practitioners have been warned to be responsible when dealing with personal data, in a joint statement by the FCA and the Information Commissioner's Office.   The warning comes after some firms and...

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