COVID-19
BEWARE OF SCAMS
- LATEST SCAM - Email received reporting to be HMRC clawing back your furlough claim / CJRS recovery
- CJRS = Coronavirus Job Retention Scheme i.e. the furlough money.
- You will not get a council tax refunds, especially via text or email.
- HMRC don't send texts or emails for for refunds.
- ANY CALL ASKING YOU TO PRESS ANY NUMBER IS A SCAM.
GOVERNMENT LATEST SUPPORT PAGE - CLICK HERE
PDF FACT SHEET SUMMARY COVERING THE FIRST FEW MONTHS
GRANTS TAX POSITION
- Grants are NON-REPAYABLE.
- Grants are out of the scope of VAT thus you do not have to account for VAT and are excluded from your VAT return for value of sales in box 6.
- Grants are classed as taxable income as they are to replace income during hardship.
- EXCEPT if you employ domestic staff at home e.g. a carer, outside of any business, the employment cost does not save you any tax, thus the grant is not taxable income.
FURTHER GUIDANCE - SELECT THE RELEVANT SECTION
NEW - ONLINE TOOL TO FIND FINANCIAL SUPPORT AVAILABLE TO YOU CLICK HERE
NEW - VAT REDUCTION SCHEME CLICK HERE
2021 - JOB RETENTION BONUS £1000 CLICK HERE
ONLINE TAX ACCOUNTS CLICK HERE
BUSINESS RATES CLICK HERE
EMPLOYERS GENERAL CLICK HERE
FURLOUGH CORONAVIRUS JOB RETENTION SCHEME CLICK HERE
FURLOUGH CORONAVIRUS JOB SUPPORT SCHEME CLICK HERE
HOLIDAY PAY DURING FURLOUGH CLICK HERE
REDUNDANCY & FURLOUGH CLICK HERE
LANDLORDS CLICK HERE
LIMITED COMPANIES & DIRECTORS CLICK HERE
LOANS CLICK HERE
SELF EMPLOYED CLICK HERE
SSP RECLAIM CLICK HERE
TAX PAYMENTS CLICK HERE
- (PAYE & pension deductions / VAT / Income tax)
OTHER GOVERNMENT ADVICE CLICK HERE
- (Mortgages / Business Rates / Employment Law Helpline / Commercial Insurance / Universal Credit)
THE GOV WEBSITE IS THE BEST SOURCE OF DETAILED INFORMATION, IT WILL BE VERY FLUID AND CHANGE SO YOU SHOULD REVIEW REGULARLY.