The weekend has given everyone a chance to consider the implications of the initiatives which were introduced and enhanced last week.
On Friday evening, the Chancellor announced two support initiatives for business which are additional to those which we have already highlighted, and which remain available, largely unchanged.
Companies House has announced that any businesses that have been affected by the COVID-19 pandemic can now request an extension to file their financial statements and confirmation statements.
Help with taxes – This is the deferment of taxes (income tax, corporation tax, Vat and PAYE/NICs) under the “time to pay” arrangements. The service can be accessed on the number below, but be prepared to wait for some time to get through.
COVID-19 Business Impact Update – Part 2
Further to our earlier update (COVID-19 Business Impact Update) we were eagerly awaiting, as with many other businesses and individuals, the announcement from Chancellor Rishi Sunak.
Among a number of initiatives aimed at supporting the economy in these troubled times, the Chief Treasury Secretary Steve Barclay yesterday announced that the IR35 reforms, which were due to come into force from April 2020, have been pushed back until April 2021.
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