VQOTW: VAT AND THE EAT OUT TO HELP OUT SCHEME

VQOTW: VAT AND THE EAT OUT TO HELP OUT SCHEME

My client runs a restaurant and will be registering for the Eat Out to Help Out Scheme, where they can claim back the 50% discount offered to customers for supplies made on Mondays to Wednesdays between 3rd August and 31 August 2020. As they are offering a discount to...
CORONAVIRUS (COVID-19) & FURLOUGHED EMPLOYEES

CORONAVIRUS (COVID-19) & FURLOUGHED EMPLOYEES

Coronavirus Job Retention Scheme  – (Updated 06/04/2020 @ 14.12pm) HMRC will set up a new online portal so that ALL UK employers this month, regardless of size, will be eligible for assistance where an employee has been designated as a ‘furloughed worker.’ HMRC will...
CORONAVIRUS SSP & COVID-19

CORONAVIRUS SSP & COVID-19

I have staff off due to coronavirus (COVID-19), what should I pay and what can I reclaim? We are receiving an extremely high number of calls in regards to paying employees statutory sick pay if they are off work due to coronavirus. We have put together a summary of...
TQOTW: CHARITABLE TRUST

TQOTW: CHARITABLE TRUST

The trustees of a charitable trust have advised me that they want to encash an investment bond they hold with an insurance company and have asked me to confirm that no tax is payable. Are they correct? If the investment bond is a UK policy then yes, no additional tax...
VQOTW: CALL-OFF STOCKS

VQOTW: CALL-OFF STOCKS

My client sells gym-wear and has been approached by a German VAT registered Amazon trader to supply them with 1000 t-shirts which are to be shipped to a warehouse in Germany – this will be the equivalent of six months’ worth of stock. The customer will take the stock...

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