If your business is VAT registered, catch up with the changes to the VAT regime that take effect from 1 January 2021: NOTE: Reverse Charge accounting for VAT is not an EU specific rule – It is how you must account for VAT on services that you buy from businesses who...

We understand that HMRC are writing to some businesses that claimed under the "Eat Out to Help Out" scheme in August to check their claims are correct. The scheme allowed businesses to discount their customers' bills by up to 50% per diner, subject to a £10 per head...

Due to the economic downturn caused by the pandemic, the Government has announced that it is to extend the temporary tax break for businesses investing in equipment. The Annual Investment Allowance (AIA) limit, which was due to revert to £200,000 with effect from 1...

A new edition of our 'Pay Less Tax' newsletter has just been published. It includes a useful round-up on the state of play with Government support for businesses at this time, as well as a review of Brexit. Take a look. 

Extension of Furlough Job Retention Scheme (JRS) to 31 March 2021 Following the announcement of a £150bn injection of crisis support funding and interest rates to remain at 0.1% by the Bank of England yesterday, the Chancellor has extended the Furlough Job Retention...

You will have heard Boris Johnson mention 'furlough' when he spoke on Saturday night. Some guidance on the extension was issued straight away.  However, that guidance is far from complete, and many questions need answering before we can advise with any level of...

Self-assessment taxpayers have been given even longer to pay all the taxes due by 31 January 2021 made up of: 2019/2020 Second payment on account due 31 July 2020 2019/2020 Balancing payment 2019/2020 Capital Gains tax 2020/2021 First payment on account If your total...

A reminder that the amount the Government will pay of a furloughed employee's wages is set to go down in September under the ongoing Coronavirus Job Retention Scheme (CJRS), with a further reduction scheduled for October. From 1st September 2020, employers will be...

As a reminder, from 1st August, the Employer will need to start contributing more - the table below (from Gov.uk) explains - even if staff remain on furlough, and don't do any work: July August September October Government contribution: employer NICs and pension...

The Government has issued further guidance on the new version of the Coronavirus Job Retention Scheme “CJRS” (Furloughed Workers). Here is our summary of these updates: The first point to note is that any employee not furloughed for three weeks prior to 1st July will...

On 12th June an update was announced on changes to the Self-Employment Income Support Scheme.  Here is our summary of these changes: About the scheme In line with our previous update, the Government is offering a taxable grant to those who are either self-employed or...

Self-employed to receive second grant worth 70% of earnings The government has announced that the self-employed will receive another grant to cover June, July and August if their business has been affected by coronavirus. Are you eligible? Who can get the grant? If...

The Chancellor announced today that parents returning to work in the coming months after family-friendly leave will still be eligible for the furlough scheme. What’s the current position? From July, the Coronavirus Job Retention Scheme (CJRS) will only be available if...

On Friday evening, the Chancellor announced more details about the extension to the Coronavirus Job Retention Scheme (CJRS). These allow for more flexibility in furloughing employees from 1 July and explain how the Government will slowly taper its grant allowance from...

This week sees employers preparing their workplaces to operate in compliance with Covid-19 restrictions and protect employees, as they arrive back to work. The Government has issued eight guides, covering a range of workplaces, for employers, employees and the...

The Employee Furlough Scheme, as it is, has been extended by another month to 31st July 2020. From 1st August until the end of October, it will be revised to cover part time work, part time furlough. Details of these revisions will be made available by 31st May and we...

HMRC have now started to contact those who are eligible for the self-employed support by email, text or letter. In the meantime you do not need to wait to hear from HMRC, you can check your eligibility on the HMRC website by following this link. This will mean you...

Since the outbreak of Covid-19, homeworking has become the norm for many millions of people. Here are details of the two options to reimburse your employees and Company Directors for the extra costs they incur while they work at home. We hope it is informative and...

A new 'Bounce Back' small loan scheme has been announced by the Government for businesses affected by Covid-19. This is another positive news story and we can confirm that this support will go live on Monday 4th May at 9am. Here are some further points on the scheme...

The CJRS claim portal has now gone live. HMRC have issued updated guidance on how to calculate your claim, and a step-by-step guide on making a claim. There is also a calculator available on the system for you to check your calculations online before you make a claim....

HM Treasury has issued a futher Direction to HMRC clarifying several elements of the Coronavirus Job Retention Scheme (CJRS). We've included some of the most important here: PAYE employees on the payroll who were employed on 19 March 2020 can be furloughed. The...

The Government has provided the following further clarification points with regards to the Coronavirus Job Retention Scheme (CJRS) today. The main points you should note are: It's OK to switch employees from sick pay to furlough and vice versa You can furlough...

There is a lot of information circulating about furloughing employees. Here is a clear, step-by-step guide on how to do it.  We hope it is informative and useful. Keep safe and well The Clear Vision Team

Here is a summary of the latest developments in connection with the support provided to business owners as the Coronavirus continues:. Update on Reaching the Clear Vision Team Please note that client calls to our main number 01249 712074 will now been answered by our...

The Chancellor has now announced financial support measures for the self-employed (sole traders and partners) to combat loss of income due to the Coronavirus pandemic. Here's What We Know - Self-Employed Grant It is based on your taxable profits in the three years to...

We thought it would be useful to share what we know, what’s expected to happen next and of course, what we advise you do over the next couple of days. What We know It is a grant that will support wages paid through PAYE in the UK It is a maximum grant of 80% per...

This is our third update, designed to provide you with continued clarity on what the latest Government announcements mean to business owners across the UK. A summary of Friday’s updates from Mr Sunak's announcement: Coronavirus Business Interruption Loan Scheme The...

More details continue to come through about the Government's support for individuals and businesses during this challenging period. Another announcement is coming from The Chancellor this afternoon and we will update you with any further developments next week....

In light of the ever-changing situation around Covid-19, we wanted to share with you what support and help there is available. Clear Vision Support We’re happy to support our clients on a case by case basis without charging.  So, for example, if you are in an industry...

Are you thinking of changing your company/business vehicles to electric? Electric and ultra-low emission cars (no more than 50g/km of CO2) are being promoted widely and there are generous tax advantages available to businesses for the purchase or lease of these types...

The key points to note regarding ASEs and the tax treatment involved are: £150 per attendee can be spent by employers on ASEs as an exemption, NOT an allowance This is available to cover one or more ASEs during the year ASEs are just that—they are annual events, NOT...