COVID-19 Update – All things Furloughed

The Coronavirus Job Retention Scheme will close on 31 October 2020. HMRC have now issued guidance on how the flexible furloughing will work. I suggest a strong drink and print out the attached and go into a quiet room for several hours to digest!

A quick summary of the position over the next few months follows but the detailed Flexible furlough document attached is how to make the claims and what it involves!

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Covid19 Update VAT rate change to 5%

Please find enclosed our guidelines for the Vat change today relating to the hospitality, attraction and accommodation supply sectors. Remember Supply is the main word. It is fairly clear cut for most businesses but become Grey for those on the fringes of these sectors. If you supply these industries, in most cases, nothing has changed.

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HMRC RESUMES INVESTIGATIONS AFTER COVID-19

After temporarily pausing tax investigations as COVID-19
business support measures rolled out earlier this year, HMRC
has restarted probes into businesses and individuals’ tax affairs.

The Revenue has also started to direct its attention towards the
misuse of coronavirus support schemes, such as the furlough
scheme and the self-employed income support scheme.

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