Tax (Accountants)

A Week in Review; Further COV determinations issued | Anti-avoidance IS for temporary loss carry-back regime | QWBA on Healthy Homes

Further COV determinations issued IR has certainly become trigger-happy with its new administrative flexibility powers, last week issuing three further COV Determinations: Determination COV 20/03: ‘Variation of the application of s 15D(2) Goods and Services Tax Act 1985 to extend time to make an application to change GST taxable period’ – this variation provides additional […]

Richard AshbyPartner, Gilligan Sheppard

John Curzon & Eric Kunkel participates in the IR Global Guide – Crisis Management: Surviving and thriving in a post-pandemic world

Foreward by Andrew Chilvers Businesses across the world are undergoing the biggest remote working experiment since Europeans first sailed from their home ports to set up trading posts in Asia 500 years ago. This time around, however, companies are moving colleagues out of their plush city centre locations to set up offices at home. What […]

Eric Kunkel, CPA/ABV/CFF/CGMA, CVA, MBAFounding Partner, CCK Strategies, PLLC

A Week in Review

New SPS on amending assessments IR has issued SPS 20/03 – Requests to Amend Assessments, which is to replace the previous version, SPS 16/01, effective 2nd June 2020. The standard practice statement is in essence a guidance document for both IR staff and taxpayers, reflecting how the Commissioner should exercise her discretion, when considering s.113 […]

Richard AshbyPartner, Gilligan Sheppard

Back by popular demand: After furlough – what happens next?

Join Inspire, in collaboration with Ellis Jones, for our next interactive webinar and Q&A, focusing once again on After furlough – what happens next? Last week’s After furlough webinar was in high demand, so we’ll be running another on Thursday 18 June at 11am, via Zoom.  We’ll have a detailed overview of the latest updates from the government, including options […]

Chris DowningDirector, Inspire Professional Services Ltd

Inspire webinar: After furlough – what happens next?

Join Inspire, in collaboration with Ellis Jones, for our next webinar and Q&A, focusing on After furlough – what happens next? With over 8.4m furloughed workers in the UK currently having 80% of their salary (up to £2,500 per month) paid by the government’s Job Retention Scheme, the Office for Budget Responsibility expects that the government’s response to the pandemic will […]

Chris DowningDirector, Inspire Professional Services Ltd

Latest business update: Chancellor sets out phased changes to Job Retention Scheme

Today’s briefing, from Chancellor Rishi Sunak, set out the changes to the Job Retention Scheme and how the scheme for furloughed employees would change over the coming months, before eventually ceasing at the end of October. With the easing of lockdown measures, there is a clear direction in how the Government is balancing safety with the economy. […]

Chris DowningDirector, Inspire Professional Services Ltd

HMRC announces details of Coronavirus Statutory Sick Pay Rebate Scheme

Further details of the Coronavirus Statutory Sick Pay Rebate Scheme have now been released. If you cast your mind back to the middle of March, the Chancellor announced as part of the Budget, that SMEs would be able to reclaim Statutory Sick Pay (SSP) for employees affected by Coronavirus.  HMRC has now said that a new online service to […]

Chris DowningDirector, Inspire Professional Services Ltd

Innovate UK opens applications for extra funding to support innovation firms

Innovate UK has opened applications for a package of additional funding to support innovation firms affected by Coronavirus. Further details and criteria have been released of the support available to help SMEs and third sector R&D and innovation businesses, during the pandemic. This is a package of continuity grants and loans, and advisory services available […]

Chris DowningDirector, Inspire Professional Services Ltd

A Week in Review

Courier drivers – employee or independent contractor If you’ve been around as long as I have (I had just ceased working for IR at the time), you may remember the 1993 Court of Appeal decision in TNT Worldwide Express Ltd v Cunningham, which determined the relationship between the company and its drivers, to be that […]

Richard AshbyPartner, Gilligan Sheppard

Introducing our next webinar: Self-Employment Income Support Scheme

    The government’s Coronavirus support for self-employed individuals was announced at the end of March with the Self-Employment Income Support Scheme – but the Chancellor said at the time that payments wouldn’t be available until June. Earlier this week, HMRC confirmed that the service to process eligible claims will open next Wednesday (13 May), with […]

Chris DowningDirector, Inspire Professional Services Ltd