A temporary hold on HMRC investigations into inheritance tax cases opens a window of opportunity for executors to get their IHT affairs in order … More HMRC pauses inheritance tax investigations
Now the housing market has reopened there is speculation regarding how much house prices will drop. Will it be a buyer’s market? … More Hit to the housing market
If you are due to make a second self-assessment payment on 31 July, you can defer until 31 January 2021 as part of HMRC’s provisions around Covid-19 … More Deferring July’s income tax payment
Has being furloughed meant a drop in income that has made you eligible for child benefit? Make a claim or renew an old one as soon as possible … More Impact of Covid-19 on child benefit claims
Salary sacrifice arrangements can be altered for those affected by Covid-19 after HMRC has classed the virus outbreak as a life event. … More Covid-19 classified as life event for salary sacrifice
The government continues to refine and explain the measures announced to help businesses including rates rebates, grants and loans. … More Business rates and grants available during Covid-19
VAT and self-assessment payments can be deferred as part of the government package of measures announced to support businesses during the Covid-19 crisis … More Managing through Covid-19: VAT and tax deferral
On Thursday 26 March, Chancellor Rishi Sunak made his long-awaited statement about the Covid-19 government support scheme for the self-employed, called the Self-employment Income Support Scheme (SEISS). Reports suggest that the announcement had been slow to arrive because of the greater difficulty in structuring and running a scheme that relied on annual information (via tax … More Covid-19 measures for self-employed
Last week’s Budget from the new Chancellor, Rishi Sunak, included £7 billion of expenditure targeting the impact of Covid-19 on employees, the self-employed and businesses. Six days later a further raft of measures was announced, amounting to an additional £20 billion of support expenditure plus £330 billion of loan guarantees. The Chancellor’s 17 March statement … More Covid-19 measures to rescue businesses
Dear All, As you are likely aware, the COVID-19 situation is worsening. Yesterday our government announced that they had moved from the ‘contain’ to ‘delay’ phase of the crisis and the WHO has declared the virus a pandemic. The number of confirmed cases are increasing each day, with the government estimating that around 10,000 people … More Important information relating to InMINDFUL (UK) Limited and COVID-19 (Coronavirus)
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