One widget or two? COVID support payments still on HMRC’s radar
With support schemes having lost between £3.3 billion and £7.3 billion to error and fraud, HMRC isn’t letting go now.
VAT payment deferrals
The new VAT deferral payment scheme opens soon allowing you to make up to 11 interest-free monthly instalments
The Coronavirus Business Interruption Loan Scheme (CBILS)
The Coronavirus Business Interruption Loan Scheme (CBILS) allows businesses to access bank lending and overdrafts of up to £5m over 6 years.
Claiming expenses while working at home
If your office is currently closed and your employer is requiring you to work from home, then you may be able to claim for increased costs.
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.
Saving the Benefit in Kind on your company car if you are not using it
If you have a company car but are not currently using it because of the coronavirus outbreak, then you will still be liable to pay the Benefit in Kind (BIK) unless you can prove the car is unavailable for use for 30 days.
