Wells Advisory

30/03/2020

UPDATE - IMPORTANT NEWS FOR COMPANY DIRECTORS

27/03/2020

Visit our new blog to find out about financial support for employees and the self employed - https://bit.ly/2wIhvPF
If you require any further advice or information, please email us at [email protected]

Job Retention Scheme: Detailed information has now been provided by the government on the job retention scheme, to support employers and employees during the current crisis and ensure as many individuals as possible retain their jobs.  Full guidance is published on the government website – https:...

27/03/2020

Guidance for employers on the coronavirus (COVID-19) Job Retention Scheme.

26/03/2020

The VAT deferral scheme applies from 20 March 2020 until 30 June 2020.

All UK businesses are eligible. This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the next tax year to pay any liabilities that have accumulated during the deferral period. VAT refunds and reclaims will be paid by the government as normal.

REMEMBER if you normally pay by direct debit to cancel your direct debit! Please do this early so that HMRC does not attempt to automatically collect on receipt of your VAT return.

Don’t hesitate to contact a member of the team if you have any questions on this via email - [email protected]

24/03/2020

The Chairman of the Charity Tax Group (CTG), has written to the Chancellor requesting immediate support for charities through the tax system during the COVID-19 pandemic. The letter presents six practical proposals to simplify charities’ interaction with the tax system and to unlock important tax ...

24/03/2020

This guidance is written for HMRC officers who have to consider the residence, domicile and remittance basis of individuals

24/03/2020

The single most important action we can all take, in fighting coronavirus, is to stay at home in order to protect the NHS and save lives.

18/03/2020

Changes to the IR35 ‘off payroll workers rules’, which were due to come in from April 2020 for the private sector, have been delayed for 12 months. The Treasury have confirmed that this is a deferral and not a cancellation in response to the current coronavirus pandemic. There were considerable concerns regarding the impact of this legislation so the delay is welcome news given the current uncertainties facing businesses.

If you require any advice please email [email protected]

18/03/2020

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17/03/2020

17/03/2020

Please read through our latest blog which outlines our advice regarding COVID-19 and planning for the financial impact of this. Please do not hesitate to get in contact for further advice via email - [email protected]

During these uncertain times it is essential to consider the potential short term financial impact on you, your business and your staff and identify what plans and measures you should be taking now. The earlier you can identify any issues or problems the easier it will be to find a solution and take...

28/02/2020

The Government’s review of the changes to the off-payroll working rules has now concluded and the Government has published its response.