…encouraging taxpayers to file on time, where possible. However, if filing is impossible because of COVID-19, then the guidance regarding “reasonable” excuse should be consulted.This guidance has been updated in relation to COVID-19, advising that HMRC will consider coronavirus as a reasonable excuse for missing…
Our COVID-19 Accelerator series highlights the impact the coronavirus pandemic is having on wealthy families, their offices and businesses. We focus on areas where COVID-19 will accelerate change. In our second article, we look at the way COVID-19 is accelerating technology adoption and utilisation for…
Our COVID-19 Accelerator series is designed to highlight the impact COVID-19 is having on families, their offices and their businesses with a focus on areas where COVID-19 will accelerate change.In this our first article, we look at how coronavirus might accelerate transition in wealthy families.Contact…
As COVID-19 continues to affect our daily lives and we find ourselves working and living in highly unusual circumstances, we have much to contend with.Whilst there are decisions to be made almost on a daily basis in terms of how we go about our lives,…
…to stay solvent with COVID-19 funding and furlough payments, companies undertaking R&D activities now need to review the impact of having accepted government help. Bounce Back Loans (BBL), the Coronavirus Business Interruption Loan Scheme (CBILS) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS) are…
…recent weeks with measures to alleviate operational burdens and other pressures as a result of COVID-19, there is also a clear message of the need to maintain financial stability, ensure safety and soundness by maintaining appropriate systems and controls, and ensure customers (especially those classed…
…the horizon to both stimulate the COVID affected economy, and raise funds to pay for the costs incurred to date and going forward, speculation as to what changes may be on the horizon will swirl with ever growing intensity.Income Tax and National InsuranceA Government looking…
Practical advice for businesses and individualsThe Government’s launch of the Future Fund is the latest significant measure to be announced to help businesses tackle the impact of Coronavirus. This on demand webinar recaps and comments on the full range of government measures and help you…
…how this may affect you.Working in the UK against COVID-19In a separate measure, the Chancellor of the Exchequer, Rishi Sunak, has announced further changes to the SRT specifically for highly skilled individuals coming to the UK to work on COVID-19 related activities.The Chancellor has stated…
…expected COVID-19 impact). In the audit world, the guidance prescribes one of two routes:The use of the ‘material uncertainty’ paragraph in respect of going concern (drawing out COVID-19) – for entities that either prior to the pandemic, or after revisiting forecasts amidst it, are deemed…
…British Business Bank and are available from an increasing number of accredited providers. They will provide loans of up to £25 million for businesses which are experiencing lost or deferred revenues as a result of COVID-19. The lending facilities can take the form of term…
The estate of medical staff who died due to COVID-19 which was contracted during their work may be able to claim an Inheritance Tax (IHT) exemption.The exemption was originally introduced to support the families of soldiers who died in active duty, but since 2014 has…