CORPORATE CRIMINAL OFFENCE

This is scary. HMRC have asked us to bring this to your attention.   Background The Corporate Criminal Offences (CCOs) for the failure to prevent the facilitation of tax evasion were introduced by Part 3 of the Criminal Finances Act 2017. It has been based on its...

HMRC & TAX UNDERPAYMENT NOTICE

    Terry Gower a past hard working SPA treasurer has asked me to bring the following to your attention.   I have had 3 different Clients whose employees are receiving a tax underpayment notice from HMRC which are not underpayments but a failure by HMRC to...
SEISS and the long-term status of the self-employed

SEISS and the long-term status of the self-employed

By Howard Gross, Society of Professional Accountants chairman The self-employed income support scheme (SEISS) has been vital for many sole traders and individuals operating in partnerships during the coronavirus pandemic, but how many considered the potential...
Life after the furlough scheme

Life after the furlough scheme

By Paul Weber, Society of Professional Accountants board member The end of the furlough scheme is nigh. Chancellor Rishi Sunak admits it “cannot and should not go on forever” and will be phased out completely by 31 October 2020, barring a second spike in the number of...

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...