Blog 2020

We dressed up in our finest Christmas Jumpers for the annual Christmas Jumper Day to raise money for Haven Hospice. Who do you think has the best jumper? #christmasjumper #havenshospices

For VAT periods starting on or after 1 January 2023, the default surcharge will be replaced by new penalties if you submit VAT returns late or pay VAT late. There will also be changes to how VAT Interest is calculated…

We are looking for experienced Accounting and Tax staff including finalists and newly qualified or staff with audit experience. We are also keen to recruit CTA-qualified tax staff. All due to practice expansion. To apply, please email Russell Tillbrook russellt@barrons-bds.com

Due to business growth, we are looking to increase recruitment across both part qualified and qualified Accounting staff. To apply, please send your C.V to Russell Tillbrook russellt@barrons-bds.com

The eligibility criteria for the fifth SEISS grant have been further tightened. Claimants are being contacted now, by HMRC, by email or letter, setting out when a claim can be made.  Applications for this grant open late July and close…

Business owners can now apply for ongoing access to financial support as they recover and grow following the coronavirus pandemic. The scheme can be used for any legitimate business purpose, including managing cashflow, investment and growth. It is designed to…

We are aware that a number of people have recently received either a telephone call or e-mail purporting to originate from HMRC advising that their National Insurance Account has been compromised. HMRC have issued assurances that these are scams and…

In the latest Budget, the Government announced details of who can claim the fourth SEISS grant and the level that claims can will be paid out at.  Some significant changes have been introduced for the fourth grant, please take a…

The Coronavirus Business Interruption Loan Scheme (CBILS) set to close for applications at the end of March 2021. If you intend to make an application for a CBILS loan you must ensure that your Bank / chosen financier has lodged…

After several delays, the Government has now formally announced that the domestic reverse charge rules for the building and construction industry will be introduced effective from the 1st March 2021. You are recommended to read this synopsis and to use…

This week, the Chancellor announced extensions to a number of current COVID-19 schemes, alongside additional support for individuals and businesses, as the UK continues to navigate the impact of the pandemic. We have sought to summarise some of the immediate key measures…

HMRC announced this week (on Friday 19th February 2021) that Self Assessment customers will not be charged the initial 5% late payment penalty if you pay your tax or make a Time to Pay arrangement by 1‌‌ April 2021.   So…

HMRC have announced the launch date for their new VAT deferral payment scheme. We detail below how to make use of the scheme and the other options that you currently have to settle the liability.   What Are My Options?…

HMRC has announced today that there will be no penalties for filing the 2019-20 Self Assessment Tax Return late, so long as they are filed online by 28‌‌ ‌February.   You will still need to pay your Self Assessment tax bill…

Claims for the third SEISS grant must be submitted by 29 January 2021.  The timing of the deadline for claims for the third Self Employment Income Support Scheme (SEISS) grant is perhaps unfortunate, clashing as it does with the self assessment filing…

As the deadline looms for VAT deferred between 20 March and 30 June 2020 to be paid, we detail below the options that you currently have to settle the liability. Essentially, you can pay now or get ready to opt…

Quite aside from how your Family Christmas plans have been affected by COVID-19 , the Chancellor has been busy trying to put stepping stones in place to support business contend with tough conditions for what seems likely to continue for…

As the year draws to a close, the Government has recently announced that it will extend some temporary provisions in the Corporate Insolvency and Governance Act, as well as reinstate one that had already lapsed. Extension of Temporary Suspension of…

HMRC have announced changes to the customs grant scheme to allow more people to access the funding and help they need to ensure they are ready to trade with the EU after the transition period ends. For detailed information, please…

– Third SEISS Grant introduces “significantly reduced profits” test…. The eligibility criteria for the third SEISS grant have been further tightened, as the guidance for the third Self-employment Income Support Scheme (SEISS) grant has been published, less than one week before the…