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News and useful information on tax and business issues.

Property Income – Airbnb Landlords Beware

Reuters have reported that the Airbnb UK accounts for the year to 31 December 2019 include a statement that the company will share data with HMRC about the property income of hosts (those who let out property) on its UK platform in the years 2017/18 and 2018/19. See the original article here. The Airbnb data

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New R&D Tax Credit Partnership

We are pleased to announce a new partnership with one of the leading R&D tax credit Companies. There are no upfront costs for clients and the work is carried out for a fee in proportion to the tax rebate received. Click here for more details of our service: https://www.sutherlandblack.co.uk/r-and-d-service/ You would be surprised at what

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“Furlough” Scheme Extended At 80% of Normal Pay

On 22 October the Chancellor announced that the CJRS “furlough” scheme would end on 31 October 2020 to be replaced by a new Job Support Scheme (JSS). However, at 6.45 pm on 31 October 2020 when the Prime Minister announced a month long lockdown for England he announced that the CJRS furlough scheme would be

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Job Support Scheme – Latest Updates

Further to our last blog post here is some more detailed information about the job support scheme that will start on November 1st. The JSS scheme originally announced in September has been made more generous to support businesses legally forced to close their premises as a direct result of Coronavirus restrictions imposed by one of

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Plan For Jobs: Latest Government Update

  The government today announced it will increase the amounts and reach of its winter support schemes. In recognition of the challenging times ahead, the Chancellor said he would be increasing support through the existing Job Support and self-employed schemes and expanding business grants to support companies in high-alert level areas. H M Treasury states

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Corona Vat Deferral Update

On 24 September 2020, the Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March 2021, HMRC have confirmed businesses can make smaller payments up

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