On The Spot Blogs

Breezing Through Brexit – Understanding The Import-Export Jargon

You know how government loves a three letter acronym? These are in abundance within Brexit related matters, peppered with others too!

Unfortunately, this means you’ll need to learn a few new ones ready to trade internationally from next January 2021. Here are just a few of the terms and actions required:

 

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Summer Statement - Staycation Staycation Staycation?

Today's summer statement is a call to get us out more during July and August and shows how concerned the government is about the economy. 

The headline is the 50% discount up to £10 per head 'eat out to help out' scheme to use against food and soft drinks from Monday to Wednesday during August, which indeed it will. 

 

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Coronavirus Grants 2.0 - Finding Your Exit - Small Businesses

Two and half months after his first announcement on government help for businesses, on Friday the Chancellor amended and extended the self employed (SEISS) and employee (CJRS) grant schemes to reflect the anticipated gradual exit from the Coronavirus lockdown.

 

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Coronavirus - Limited Companies - What Are Your Choices?


Now we've probably heard all the major Coronavirus announcements from the Chancellor, what choices do Director-Shareholder Limited Companies have to help them through this crisis? We provide a checklist below with signposting to the relevant part of gov.uk.

Time To Pay

Applicable to all companies and all taxes, you can call HMRC and agree a scheduled delay to paying your taxes. Have a realistic proposal that you can stick to. Signpost: https://www.gov.uk/government/news/tax-helpline-to-support-businesses-affected-by-coronavirus-covid-19

Time To File

Companies house will allow you to send in your accounts 3 months later than normal, a increase from the usual 9 months to 12 months, as long as you ask before the 9 month deadline.

 

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