BUSINESSES NEED TO REINSTATE VAT DIRECT DEBITS

The deferral of VAT payments due to coronavirus comes to an end on 30 June and businesses need to take action to reinstate their direct debit mandates.

The Institute of Chartered accountants in England and Wales (ICAEW) Tax Faculty has reminded its members.

The VAT payment deferral means that all UK VAT-registered businesses have the option to defer VAT payments due between 20 March and 30 June 2020 until 31 March 2021.

However, ICAEW is reminding businesses that they need to take steps to reinstate their direct debit mandates so that they are in place in time for payments due in July 2020 onwards. Any outstanding returns should be filed, and three working days should be allowed to elapse before reinstating the direct debit mandate.

HMRC will issue guidance on the end of the VAT deferral period very soon but, to be effective, direct debit mandates usually need to be set up three working days before a VAT return is filed.

We cannot set up direct debit mandates on behalf of our clients; the business needs to set up the mandate through their business tax account.

HMRC has confirmed that it will not collect the outstanding balance of deferred VAT when the direct debit mandate is reinstated. HMRC has made the necessary systems change to avoid this happening for businesses in MTD for VAT.

See:  https://www.icaew.com/insights/tax-news/2020/jun-2020/businesses-need-to-reinstate-vat-direct-debits?mi_u=3abea46f08cc6556d0f22dd0af9acb7ea9117c91&utm_campaign=Members%20-%20ICAEW&utm_medium=email&utm_source=1440536_Faculties_TAXnewswire_16Jun20_PO&dm_i=47WY%2CUVIW%2CJWEGN%2C3RW7L%2C1

CRITICAL WORKERS WHO CAN ACCESS SCHOOLS OR
EDUCATIONAL SETTINGS

The Government has updated its list of List of critical workers (key workers) who can send their children to school or other educational settings during the coronavirus (COVID-19) outbreak.

See: www.gov.uk/gover…mediat

RESERVISTS RETURNING TO CIVILIAN WORK ELIGIBLE FOR GOVERNMENT SUPPORT SCHEMES

Military reservists will be able to access the government’s self-employment scheme and those returning to work in the coming months will be eligible for the job retention scheme, the Chancellor announced 15 June.

See: https://www.gov.uk/government/news/reservists-returning-to-civilian-work-eligible-for-government-support-schemes?utm_source=3227fb62-d0fd-41a3-ab8f-dc856e36f1b8&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

GUIDANCE FOR PROSPECTIVE STUDENTS

The Student Loans Company (SLC) issues guidance for prospective students and answers common questions related to the COVID-19 outbreak.

See: https://www.gov.uk/guidance/guidance-for-prospective-students?utm_source=a624e403-e966-40fa-8361-909f33af2a8d&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

UPDATED HELP AND SUPPORT IF YOUR BUSINESS IS AFFECTED BY CORONAVIRUS (COVID-19)

The Government has updated its site where you can watch videos and register for the free webinars to learn more about the support available to help you deal with the economic impacts of coronavirus.

See:  https://www.gov.uk/guidance/help-and-support-if-your-business-is-affected-by-coronavirus-covid-19?utm_source=e0fb477d-27a7-4b38-b3a8-ae1c84bf964a&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

CHECK WHICH EMPLOYEES YOU CAN PUT ON FURLOUGH TO USE THE CORONAVIRUS JOB RETENTION SCHEME

This guidance page was updated on 15 June 2020 to include details on how the scheme will change from 1 July.

The first time you will be able to make claims for days in July will be 1 July, you cannot claim for periods in July before this point.

31 July is the last day that you can submit claims for periods ending on or before 30 June.

See: https://www.gov.uk/guidance/check-which-employees-you-can-put-on-furlough-to-use-the-coronavirus-job-retention-scheme?utm_source=13e820c2-94c1-42fc-8ef6-e0dea23dff1d&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

UPDATED GUIDANCE ON WHICH VENUES CAN OPEN AND WHICH BUSINESS REMAIN CLOSED IN ENGLAND

In line with the government roadmap, on 15 June 2020 changes were made to the regulations to ease restrictions on business closures. These changes mean that further businesses and venues can open, in particular non-essential retail.

To reduce social contact, some businesses and venues, including many of those in the leisure and hospitality sectors must remain closed. The full list of business and venues that must remain closed are included in the table below, with exceptions shown in the right-hand column.

Failure to follow the law relating to these closures can lead to the business being issued a prohibition notice or the individual responsible for the business being issued a fixed penalty notice or being prosecuted.

All business and venues that are in operation should follow COVID-19 secure guidelines.

See: https://www.gov.uk/government/publications/further-businesses-and-premises-to-close/further-businesses-and-premises-to-close-guidance

HM TREASURY (HMT) CORONAVIRUS (COVID-19) BUSINESS LOAN SCHEME STATISTICS

HMT management information about the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme.

See: https://www.gov.uk/government/collections/hm-treasury-coronavirus-covid-19-business-loan-scheme-statistics?utm_source=1153aab8-b179-442e-b33f-cabd40ff4240&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

HOW TO WORK SAFELY IN DOMICILIARY CARE IN ENGLAND

A resource for those working in domiciliary care providing information on the use of personal protective equipment (PPE).

See: https://www.gov.uk/government/publications/covid-19-how-to-work-safely-in-domiciliary-care?utm_source=cd624031-880d-46b6-ae1e-3757ea3caebf&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

HOW TO WORK SAFELY IN CARE HOMES

Guidance for those working in care homes providing information on how to work safely during this period of sustained transmission of COVID-19.

See: https://www.gov.uk/government/publications/covid-19-how-to-work-safely-in-care-homes?utm_source=0225ddc5-ecbd-47a0-8e10-5f95ad4ddba3&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

VULNERABLE CHILDREN NATIONAL CHARITIES STRATEGIC RELIEF FUND

The Government has announced Details of the £7.6 million Vulnerable Children National Charities Strategic Relief Fund and how to apply.

See: https://www.gov.uk/government/publications/vulnerable-children-national-charities-strategic-relief-fund?utm_source=39f8d6ed-77bd-4ad9-b3e4-740f41273db8&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

OPSS CORONAVIRUS (COVID-19) GUIDANCE FOR BUSINESS AND LOCAL AUTHORITIES

The Office for Product Safety and Standards (OPSS) is focusing on the key issues surrounding Government measures to protect the public during the coronavirus (COVID-19) pandemic.

During this challenging period, OPSS are working with business to understand where regulatory requirements are preventing them delivering the products the public and NHS need.

See:  https://www.gov.uk/guidance/opss-coronavirus-covid-19-guidance-for-business-and-local-authorities?utm_source=590b01f0-54fa-4a3a-9355-5c19fff4e648&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate