COVID-19 Resources
Information and resources for business owners and individuals
This hub is designed to help you keep up-to-date with the latest government announcements and to provide useful information for business owners and individuals on how COVID-19 may affect you and your business.
Corporate Tax Planning in 2020/21: managing and planning during Covid-19
Even among those who follow good tax planning practice and maintain forecasts running several years forward, it is unlikely that many foresaw the dramatic end to the 2019/20 tax year. With the arrival of COVID-19 and the subsequent lockdown, the...
Chairs, Tables and Tax: working from home
The coronavirus (COVID-19) has seen an upsurge in homeworking. For many people, there are questions on the tax on the equipment required. What if I contribute to employee costs? You can look to reimburse some specified costs incurred by employees...
Getting Up and Running After the Lockdown
As lockdown restrictions lift across the UK, businesses are preparing for a new working environment. The Chancellor may have begun winding down the schemes that have supported businesses through the pandemic, but government-backed loans and the...
How Different Circumstances Affect the Self-Employment Income Support Scheme
The Government has updated its page on the Self-Employment Income Support Scheme. If you are self-employed or a member of a partnership find out how your circumstances can affect your eligibility for the scheme. See:...
Companies House to Restart the Voluntary Strike off Process
In March 2020, Companies House (CH) introduced temporary easement measures to suspend voluntary strike off action in response to coronavirus (COVID-19) and they have reviewed these measures each month. Following the July review, this temporary...
HMRC Invites Hospitality Industry to Register for Eat Out to Help Out
Registrations for the Eat Out to Help Out Scheme commenced on 13 July 2020. Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality...
Defer Your Self-Assessment Payment on Account Due to Covid19
Choose how and when you can delay making your second payment on account for the 2019 to 2020 tax year. You have the option to defer your second payment on account if you are: • registered in the UK for Self-Assessment; and • finding it difficult to...
VAT Reduced Rate of 5%
The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: • hospitality • hotel and holiday accommodation • admissions to certain attractions...
Flexible Furlough Claims Now Open
Employers can now submit furlough claims for periods starting on or after 1 July. If you cannot maintain your workforce because your operations have been affected by coronavirus (COVID-19), you can furlough employees and apply for a grant to cover...
What we can do for you
Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.
