Hinton Abbott are proud to have taken possession of their new premises on part of the estate of the Arkells Brewery on the 28th October 2021. All eight of us have now got ample space to work, there is so shortage of parking spaces for clients to come, and we have an even larger board room [...]
HMRC are making to their systems which may affect you if you pay your VAT by Direct Debit or have a refund made to you. What's changing? HMRC are currently undergoing work on the transformation of VAT services which will involve migrating customers to a new IT platform. This impacts customers with an existing Direct Debit. UK [...]
With the UK having been adversely affected by the coronavirus (COVID-19) pandemic, Chancellor Rishi Sunak presented the 2021 Budget against a backdrop of ongoing economic hardship. Our Budget Summary provides an overview of the key announcements arising from the Chancellor’s speech. However, it also looks beyond the headlines and offers details on the less-publicised changes [...]
The third SEISS (Self Employed Income Support Scheme) grant can now be claimed. We would point out that the rules for claiming have changed, and that you will only qualify if your Turnover has been affected by Coronavirus. So there needs to be a significant reduction in your sales for the period 1st November to 31st January [...]
General At the entrance door to the office is a hand sanitising facility with printed instructions asking everyone to use it. We have antibacterial wipes which we use to wipe over every surface as much as required but at least every two days. Distancing The employees will not all be working at head office every [...]
A full range of business support measures have been made available to UK businesses. This page helps businesses find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply. https://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19
The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. We expect the scheme to be up and running by the end of April. Furloughed employees must have been on your PAYE payroll on 29 February 2020, and can be on any type [...]
Following the government’s announcement for help for the self-employed, this scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed. This assistance is only due to persons whose Average Net Profit [...]
Hinton Abbott have put together a brief explanation of the payroll Furlough term and how it works. Last week HMRC launched their Coronavirus Job Retention Scheme in an effort to avoid business closures. This scheme allows all UK employers a grant of up to £2,500 per employee, to cover 80% of the wages of employees [...]
Further to our recent email regarding Government assistance, we have discovered that the provision for delaying VAT payments relate to quarters ending February, or March, or April. Therefore as this provision is being offered by HMRC to assist your cashflow in these difficult times, and as it is interest free (or so we understand [...]
