April 2020

Email scammers ramping up their output

Malicious emails using coronavirus information to target individuals spiked over the past month as the crisis ramped up, according to a new report from cyber threat researchers at Barracuda Networks. The research found a 667% increase in malicious phishing emails that were using the coronavirus. These types of emails try to lure individuals to click on dangerous links or download

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Contactless card payment limit raised to £45

The limit for contactless card transactions has been raised from £30 to £45 in order to help halt the spread of the COVID-19 virus. This will enable shoppers to buy more goods while avoiding touching chip-and-pin keypads in store. A spokesman for UK Finance, which represents firms in the banking and finance industry, said: “We recognise that customers and staff

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Consultation on HMRC Charter now open

HMRC is to update its charter, which sets out the standards of behaviour and values that it aspires to when interacting with taxpayers. The consultation on it runs until 15 May. This extract was taken from HMRC’s website HMRC deals with the tax and payments affairs of almost every business and individual in the UK. HMRC’s Charter is a legal

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Still not filed your 18/19 tax return?

Still not filed your 18/19 tax return to be eligible for the Self-Employed Income Support Scheme You have until 23rd April 2020 to do so – don’t lose out, file today. https://www.gosimpletax.com/iab/

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New Tax Year has started

Use your time wisely get your ducks in a row now for your 19/20 Tax Return. Be ready with your income and tax Liability for 19-20. https://www.gosimpletax.com/iab/

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Self-Employed Income Support Scheme Summary

Bookkeepers – You have until 23rd April to file your client’s 18/19 tax return to enable you to access the government grant announced by Chancellor Rushi Sunak.  Self-Employed Income Support Scheme Summary explained by GoSimpleTax You must have completed your 18/19 tax return 80% of profits up to £2,500 per month Profits on 3 years average, there will be nothing

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HMRC Time To Pay

All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay (TTP) service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. Those concerned about being able to pay their tax due to COVID-19 should contact

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Ban on evictions for commercial tenants who miss rent payments

Commercial tenants who cannot pay their rent because of Coronavirus will be protected from eviction, the government announced. Many landlords and tenants are already having conversations and reaching voluntary arrangements about rental payments due shortly, but the government recognises businesses struggling with their cashflow due to Coronavirus remain worried about eviction. These measures, included in the emergency Coronavirus Bill 2020,

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Companies House announces three-month extension to filing of accounts

If the coronavirus outbreak has affected your company and you need more time to file your accounts, you can apply for a three-month extension, Companies House has said (see https://tinyurl.com/v68pmke for details). A spokesman for Companies House said: “We have decided to close our contact centre to protect the welfare of our employees. If you need to contact us, please

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