There are four weeks to file the 18/19 tax return to enable you to access the government grant announced by Chancellor Rushi Sunak.
The self-employed have now been passed their lifeline amidst the Covid-19 pandemic from the Chancellor Rushi Sunak as he announced a new self-employed income support scheme, this will cover up to 80% of self-employed workers’ average taxable monthly profits.
The Financial Conduct Authority (FCA), Financial Reporting Council (FRC) and Prudential Regulation Authority (PRA) have today (26 March) announced a series of actions to ensure that information continues to flow to investors and to support the continued functioning of the UK’s capital markets.
The FRC has published guidance for companies preparing financial statements and a bulletin for auditors covering factors to be taken into account when carrying out audits during the current Covid-19 crisis.
The government has announced a raft of measures to aid businesses through this unprecedented time.
On Friday 20th March 2020, the government announced a scheme called the Coronavirus Job Retention Scheme, under which all UK employers will be able to access support to continue paying part of their employees' salary for those employees that would otherwise have been made redundant during this crisis. HMRC will reimburse 80% of "furloughed workers" wage costs, up to a cap of £2,500 per month.
The recent COVID-19 (or Coronavirus) outbreak is probably the most pressing topic on everyone’s mind. While most of us are familiar with the guidelines for how we can protect ourselves and our homes, have you given thought to how you can protect your business during this time? Coronavirus is of course the latest global issue, but there are many scenarios from which we need to protect ourselves (such as fire or flooding) and our businesses should be set up to be agile in the face of any unexpected disasters.
We have been continually monitoring the impact of the coronavirus outbreak and have taken steps to ensure minimal disruption to our global operations, whilst safeguarding the health and wellbeing of our staff, members and partners.
Following government advice we have taken steps to adjust AIA’s operations and react to this rapidly evolving situation.
On 11 March the Chancellor of the Exchequer, the Rt. Hon. Rishi Sunak MP, makes his first Budget statement to the House of Commons outlining the Government’s proposals for changes to taxation and spending during the 2020/21 financial year.