Please find the link to the latest HMRC update.

https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fgovernment%2Fuploads%2Fsystem%2Fuploads%2Fattachment_data%2Ffile%2F873676%2FCovid-19_fact_sheet_18_March.pdf&data=02%7C01%7Cmichael.charlton%40trade.gov.uk%7Ce13068dcc8684ba5204208d7ccda902a%7C8fa217ec33aa46fbad96dfe68006bb86%7C0%7C0%7C637203111396616120&sdata=HkMvi%2B86l%2FDs2SPtzW2NGwWX63Qj4j9z%2B2%2Brl3atTkQ%3D&reserved=0

Any further queries please contact us as usual.

Dear all

I am afraid that whilst the headlines are with us (330 billion, 15% of GDP, grants for certain businesses etc) there is as yet little detail backing up said headlines. To date we have ascertained the following:

• Banking. The high street bank websites transfers the enquiry to the British business banking website. There will be the prospect of government guaranteed loans. https://www.british-business-bank.co.uk
• Companies House. Deadlines can be extended, but there are hoops to jump through.https://www.icaew.com/insights/viewpoints-on-the-news/2020/mar-2020/companies-house-to-allow-coronavirus-related-filing-extensions
• Small business and Business Rates relief. This will be administered by the local authorities.
• HMRC – (VAT and PAYE) in the first instance follow the ‘Time to Pay’ instructions on the HMRC website.
• Your suppliers – to be dealt with on an individual basis.

This is obviously a fluid situation and we will update the website when more is known……..

Apologies for making life more depressing than absolutely necessary, but we must report on the business relief announced by the Chancellor, yesterday, March 17th. Rather than badly paraphrase, please find a link to the actual statement:

http://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

Obviously, if you wish for any clarification or assistance please contact us as usual.

After real fears that the Capital taxes regime was going to be seriously overhauled, this seems to have passed for the time being at least. We attach a link to the full budget statement and will further comment once digested.Budget_2020_Web_Accessible_Complete

Any further queries as to how this may affect your own circumstances, please ring.

I attach the All party parliamentary group document entitled:

“Reform of inheritance tax – January 2020”.

This is clearly written by urban dwellers who rarely venture far from Westminster, or their London houses (that continue to be free from CGT on disposal, whatever their value).       Reform of inheritance tax report Jan 2020[12745]

Please note that the Chair is an Estate agent!

This is a dangerous document in that its mere publication may give it a credence it does not deserve. I dread to think the effect this would have on the rural economy, but hey ho, that doesn’t worry the writers as long as they continue to enjoy their scallops and chablis at lunchtime. Perhaps Roy Keane had a point after all……

How do the ICAEW know this?

DOC171019-17102019122457

We should be told!

I am not going to rant on anymore about Brexit, as one could say that it is actually a demonstration of democracy working rather than the contrary.

However, the Institute of Chartered Accountants (of which we are members) have recently come up with a ‘Brexit checklist’. Given that the politicians do not know the outcome, I fail to understand how relevant this may all prove, but for those of you thinking beyond 31st October may I draw your attention to the article.  I will gladly forward it on to anyone who requests it.

It’s that time of the year again and on Saturday 3rd August we will be attending at Blakesley Show as usual. Do please call in if you are attending.

This year we are also sponsoring a new initiative, with the idea of promoting increased cattle numbers. Working alongside Kenilworth and Blaston shows, entrants at all three shows are rewarded with additional points for their attendance and as we all know, points make…….prizes.

Do try to attend, it is a good day out and the weather doesn’t look too disastrous!

A new round of farm grants has been released, effective from 9th July 2019. Applications have to be received by 3rd September 2019. (midday)

The eligible items of machinery have risen in number to 80 and the list has been extended to include:

Calving gates

Livestock cameras

Vaccination guns

Silage Pushers and Auto-steer conversions for older tractors.

The minimum claim is 3,000 and the maximum 12,000. In total there is 15million available.

For further details and how to apply please contact 01604 -622274. Good luck.

Gemma Parnell, our new payroll manager who works alongside Chris and Cath in the department. We have been looking to expand the department for a while and now have the right staff  in the right place to facilitate.

Will Barratt, a college leaver has also joined as a AAT student.

We welcome both to 7 Billing Road.