In order to process your payroll in a timely manner please be aware that during the current period of social restriction we will be operating with a reduced staff force and payroll will only be processed on Thursdays. Therefore we ask that all hours needing to be processed by Friday are submitted to the office by no later than 10:30am on Thursday morning.
Please be aware that although the payment deadlines for certain taxes have been adjusted, submission deadlines remain the same.
VAT - VAT returns should be submitted on time as they usually would be. The payment deadline has been extended by three months to give you more time to pay.
Income Tax - Payments due on 31st July 2020 will be deferred until the 31st January 2021. The deadline of 31st January 2021 for April 2020 tax returns has not changed.
Corporation Tax - There are currently no concessions on payment of Corporation Tax.
If you believe you may be late filing your company accounts due to the coronavirus outbreak please let us know at the earliest opportunity so we can work with you to find a solution.
Financial support for businesses
In light of the recent Coronavirus outbreak several government provisions have been put in place to assist businesses during this uncertain period. These include help with funding sick pay, a staff retention incentive paying 80% of workers wages whilst your business is unable to trade, a halt to business rates for certain industries and government loans for those worst hit. This information is still evolving, with many policies announced but not yet functionally in place. More information on all the proposed assistance and how you should manage your business and your staff during this time can be found here:
Key Workers list
The government has released a list of those it deems to be 'key workers' whose children are still able to attend school. The list includes:
* Health and social care - This includes both frontline doctors, nurses, social workers etc. and also support staff such as hospital porters and those in the medical supply chain like pharmaceutical companies and ppe manufacturers
* Education - Teachers and nursery staff
* key public services - This includes those in the justice system, undertakers, religious ministers, journalists and broadcasters.
* Local Government - People in administrative occupations essential to the effective delivery of the Covid-19 response or delivering essential public services including payment of benefits.
* Food - Anyone involved in the sale, transport or manufacture of food
* Public Safety - Includes emergency services, the army and parole services
* Transport - Both public and private
* Utilities, communication and financial services - Staff required to keep oil, gas, electricity, water and sewerage operations running are on the list, along with those in the civil nuclear, chemical and telecommunications sectors. Those in postal services and working to provide essential financial services provision are also included.
As you can appreciate this information is ever changing and we are doing our upmost to stay up to date with the announcements and serve our clients in the best way possible. If you have any further queries please contact us on 01472 241453