OTHER CORONAVIRUS MEASURES AND LINKS
INCOME TAX DEFERRAL
For Income Tax Self-Assessment, payments falling due on 31 July 2020 will be deferred until 31 January 2021.This is an automatic offer with no applications required and no penalties or interest for late payment will be charged in the deferral period. This will mean your payment on 31 January 2021 will be larger.
HMRC TIME TO PAY SCHEME
All businesses and self-employed people in financial distress, and with outstanding tax liabilities, can speak to HMRC about time to pay. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. However, HMRC will clearly be more sympathetic at present. If you have missed a tax payment or you might miss your next payment due to COVID-19, please call HMRC’s dedicated helpline 0800 0159 559.
STATUTORY SICK PAY RELIEF PACKAGE FOR SMEs
Legislation will be brought forward to allow SMEs and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to Covid-19 and will cover up to two weeks’ SSP per eligible employee who has been off work because of Covid-19. A rebate scheme is being developed. Further details will be provided once the legislation has passed.
12-MONTH BUSINESS RATES HOLIDAY FOR RETAIL, HOSPITALITY AND LEISURE BUSINESSES
This is for all retail, hospitality and leisure businesses in England for the 2020/21 tax year. It will apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill automatically to exclude the business rate charge. This will be done as soon as possible.
THE RETAIL, HOSPITALITY AND LEISURE GRANT SCHEME
This provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property. The amount of the grant will depend on the rateable value of the property and will be either £10,000 or £25,000. You do not need to do anything. Your local authority will write to you if you are eligible for this grant.
SMALL BUSINESS GRANT FUNDING
Grant funding of £10,000 will be available for all business in receipt of small business rate relief or rural rate relief. The government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR), rural rate relief (RRR) and tapered relief. This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs. You do not need to do anything. Your local authority will write to you if you are eligible for this grant.
GENERAL INFORMATION ABOUT CORONAVIRUS
GENERAL GUIDANCE FOR EMPLOYEES, EMPLOYERS AND BUSINESSES
I always get quick, clear and definitive responses from the Harwood Hutton tax team – commercial answers to commercial issues.Robin Berry – Morgan Management
Right from the outset Harwood Hutton gave us direction and great advice – and that advice has evolved over the years as we’ve grown. We’re both medium-sized companies providing a bespoke service – one furniture, one accountancy – and the relationship works.Andy McCarron, McCarron and Co
I’m deeply impressed with Harwood Hutton’s extensive knowledge of tax arrangements for residential and commercial property landlords.Qadeer Ahmed, MD, ABA Finance
They really took their time to understand what was important to us and our business and the expertise we required. Whoever we speak to at HH, we get the same fantastic response and technical input. It’s a real partnership.Edward Finch, group MD, MRIB insurance brokers
I have worked with the directors at Harwood Hutton on a number of mutual client matters over many years. The reassurance of their clear, commercial and focussed advice is one of the main reasons I regard this as one of my most valuable professional relationships.Frank Wessely, Partner, Quantuma LLP
Harwood Hutton never seem to rest on their laurels. They are always seeking out new avenues and ways to improve their offering. A very forward-thinking company with staff who are always well briefed and who approach each task with drive.Karl Austen, MD, Surefoot Communications
We have engaged Harwood Hutton in several areas of structuring, including VAT issues, decoupling an SPV from a group structure and HMRC clearance for a transaction. The team have exceeded all expectations by being proactive, measured and very thorough.Adam Fawsitt, Director, FHT Limited
We moved to Harwood Hutton as they delivered a succinct and professional proposal. If anything, we have been more impressed post-move. They are a fantastic company to work with. They do truly differentiate. They have the skills and capabilities of a mega firm but with a personal service.Edward Finch, group MD, MRIB insurance brokers
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