This page will be updated as we receive more information
Last updated : 27 March 2020
HMRC have now issued guidance on what can be claimed through the Job Retention.
Our team have been in touch with HMRC this morning (via their web chat).
The advisors have recommended that where our clients have a Direct Debit set up and wish to take advantage of the VAT deferral, they should instruct their bank to cancel the Direct Debit rather than expect HMRC to not collect the payments during the deferral period.
The deferral applies to payments due between 20 March and 30 June (this covers VAT quarters Feb 20 to April 20 only).
May VAT returns will need to be paid by 7 July.
You must apply to Companies House for the extension. If you do not apply for an extension and your accounts are filed late, an automatic penalty will be imposed.
The Latest Updates from the Government
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.
The following links provide information on financial support packages for businessess, advice on how to operate your business, support for your employees, for example workers’ wage costs and information on changes to planning and regulations.