Many small businesses that have applied for a government backed Coronavirus Business Interruption Loan Scheme (CBILS) loan thus far have been offered standard overdrafts and loans – without the Government's 80% guarantee – on the basis that they fit the... read more

Expenses for use of home as office can sometimes be claimed against tax but how do you know which ones are allowable? Here is the latest HMRC guidance on which equipment, services or supplies are taxable if your employees are... read more

Exceptional circumstances for statutory residence have always been difficult to define, being largely based on case law before the Statutory residence Test became law. HMRC has recently updated its guidance about what it considers to be exceptional circumstances for remaining... read more

The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived from self-employment. A list of the... read more

Companies House have just released a statement about an automatic filing extension for company accounts due to the Covid-19 crisis, announcing a 3-month filing extension for company accounts. It says: From today (25 March 2020), businesses will be able to apply... read more

On Friday, the Chancellor's announcements on Coronavirus business support went significantly further than in the history of this country, with a series of unprecedented announcements in the Government’s support of businesses, employees and individuals. The range of measures for UK businesses... read more

The Government have just made the following announcement regarding the late filing of company accounts due to Coronavirus: "All companies must send their accounts, reports and confirmation statements to Companies House every year. If a company’s accounts are filed late, the... read more