Entries by Paul Woodburn

VAT deferral – an update

Businesses and sole traders that make VAT payments to the HMRC by direct debit are being advised to cancel the arrangement to ensure they take advantage of the government’s deferral scheme. The government is looking to support the economy during the coronavirus pandemic by deferring payments from March 20 until June 30. VAT-registered businesses and […]

Taxation support

Deferring VAT and Income Tax payments Chancellor Rishi Sunak has announced the next quarter of VAT payments will be deferred until the end of June – a move he says will inject £30bn into UK businesses during the coronavirus crisis. Making the announcement the Chancellor declared that the package aimed: “To help businesses pay people […]

Support for Sole Traders

A number of initiatives have been introduced to support sole traders through these tough times – though pressure is growing on ministers to do more to help the self-employed. Further announcements are expected later today. Pleas are growing for the government to give more financial assistance to freelancers, contractors and sole traders, whose businesses have […]

Coronavirus – your guide to available support

A massive £350bn package of government support to help businesses survive the impact of the coronavirus pandemic has been unveiled as the crisis deepens. But what does it mean for your business – what help is out there for you? To try and make things clearer, we’ve produced this guide to some of the unprecedented […]

Grant and Loan Support

The Coronavirus Business Interruption Loan Scheme – offering loans of up to £5million for SMEs through the British Business Bank – is launching this week. The aim is to support the continued provision of finance to the UK’s small and medium sized businesses during the Covid-19 outbreak. The government says it will provide a guarantee […]

Support for Employers

Coronavirus Job Retention Scheme Chancellor Rishi Sunak has appealed to employers to “stand behind” their workers during the coronavirus crisis – and has backed that call with help for them to pay the salaries of staff. Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part […]

WNJ and the coronavirus situation

The impact of the Coronavirus (COVID-19) pandemic is already being felt in businesses of all sizes and in all sectors of the economy. It is of obvious concern to WNJ’s clients and colleagues. We would like to assure everyone that the health and safety of our clients and staff remains our top priority. We are […]

IR35 tax reforms put on hold

The introduction of controversial IR35 tax reforms has been delayed by a year as a result of the coronavirus pandemic. The decision was announced along with a £330bn financial package for the UK economy that includes a business rate holiday and emergency loans for companies. It is a delay that will be welcomed in most […]

IR35 – the concern grows

New Chancellor Rishi Sunak has been urged to suspend the looming IR35 new tax regulations for self-employed workers or risk damaging the economy. According to some industry bodies the change will lead to a third of self-employed contractors stopping freelancing over non-compliance fears. Andy Chamberlain, deputy director of policy at the Association of Independent Professionals […]

Are you missing out on R&D tax relief?

If you think that R&D tax relief is only available for high-tech companies employing lab-based scientists in white coats, a trip down to the farm will convince you otherwise. Farmer Ted’s Adventure Farm in West Lancashire is now home to the UK’s only Shaun the Sheep farm attraction. It opened its doors to visitors last […]