Repayments of Corporation Tax due to anticipated losses
In exceptional circumstances, HMRC will consider claims for repayments of Corporation Tax for prior periods based on anticipated losses before the current accounting period has concluded.
Military Reservists eligible for government support schemes
Military Reservists who return to civilian work after completing a period of active duty during the coronavirus pandemic will be eligible for the government’s support schemes.
How claiming a CBILS or BBLS loan could affect your R&D tax credits claim
Many SMEs are currently claiming a loan under the Coronavirus Business Interruption Loan Scheme (CBILS) or Bounce Back Loans Scheme (BBLS), but they may be unaware of the effect this may have on them claiming R&D tax credits.
Coronavirus Job Retention Scheme (CJRS)
HMRC have now released further information on COVID-19 Job Retention Scheme. We have summarised what this should mean for employees.
Billion pound support package for businesses driving innovation and development
The Chancellor announced a £1.25 billion support package to help protect businesses driving research and development that have been hit by the Coronavirus.
3 year limit for higher rate SDLT refund extended
HMRC has confirmed that they will extend the normal three year limit for refunds of higher rate Stamp Duty Land Tax (SDLT) if a sale of a previous main residence was prevented due to the government’s coronavirus lockdown restrictions.