Advice and Suggestions from Members
Expenses re working from home
This link is for allows to claim tax relief on expenses for working from home… Definitely something everyone should look at to save a few pounds… The accountant suggests that even business owners who are ‘forced’ to operate from home in the circumstances will be able to claim tax relief on laptops, energy bills, telephone etc…https://www.gov.uk/tax-relief-for-employees/working-at-home
Member reports that his payment terms are changing from monthly to weekly. Supplier has confirmed this isn’t a question of creditworthiness, it’s COVID… They are taking the view that many of their customers may go bust over coming months, so are limiting their exposure…(This particular supplier specialises in small/medium businesses who use supermarket forecourts.) If you have also been affected by this or similar, we can try to make representations on your behalf.
Distance Selling Regulations – don’t forget them
Member pulled out all the stops to assist a customer who wanted to be able to work online quickly. Within a short time, the customer’s finances had changed and he opted to return the goods and claim a full refund. There is a 14 day window.
HMRC COVID 19 SUPPORT
The government is committed to doing whatever it takes to support businesses and individuals through the coronavirus pandemic and HMRC has a range of online support for you.
Find out if you can use the Statutory Sick Pay Rebate Scheme, or how to make a claim on the Coronavirus Job Retention Scheme, by joining one of the following live webinars.
They’re interactive giving you the opportunity to ask questions using the on-screen text box.
Coronavirus COVID-19 Statutory Sick Pay Rebate Scheme: Providing an overview of the scheme, this webinar looks at who can claim, when to start paying SSP, employees you can claim for, making a claim, keeping records, and more.
Coronavirus Job Retention Scheme – How to make a claim: This guides you through making a claim, including the essential information you need, what to do before you make your claim, calculating and processing your claim.
These webinars are very popular, so we’ll do our best to answer your questions or signpost you to useful guidance.
If you’ve missed any of our live webinars, you can catch up with our series of recorded webinars on HMRC’s YouTube channel – available at a time to suit you.
We will bring you the most up-to-date information to keep you fully informed of changes as they develop.
Stay at home. Protect the NHS. Save lives.
Chief Executive and Permanent Secretary – HMRC
Covid-19 Update – Self Employment Income Support Eligibility Tool
HMRC have now opened up their eligibility tool for the self-employed income support, on here you can check if you are eligible and then arrange an appointment to apply. Please ensure you are a sole trader or partnership (if you have a Limited company and primary income is as a Director in salary and dividends this will not apply) to be eligible for the claim.
To do this, you will have to follow these steps:-
Go to the HMRC website via this link Self Employment Income Support Link
Press the check now button halfway down the page to check your eligibility
You will need the following details:-
National Insurance Number
Personal Details, for example, First Name, Last Name etc.
This will then let you know if you are eligible to make a claim
You will then need to continue and create a Government Gateway ID and Password online, and you will need one of these accounts to complete the claim. Do this by pressing create now and then following the instructions on the screen. Please make a note of your government gateway ID number as you only get this once and have to keep this for future references
If you already have a government gateway set up sign in and ensure your contact details are up to date
Finally, once either of the above options are complete, you will be given a date and time when you can make the claim
Once this is complete then make a note of the date given, and on this date, you can process your claim, pay-outs are six days after claiming with the first payment run on the 21st May 2020.
When you make your claim you will need the following information:-
Self-Assessment UTR – if you do not have this find out how to get your lost UTR
National Insurance number – if you do not have this find out how to get your lost National Insurance number
Government Gateway user ID and password – if you do not have a user ID, you can create one when you check your eligibility online
Bank account number and sort code you want us to pay the grant into (only provide bank account details where a Bacs payment can be accepted)
You’ll have to confirm to HMRC that your business has been adversely affected by the coronavirus.
HMRC will check claims and take appropriate action to withhold or recover payments found to be dishonest or inaccurate
Certax Accounting Durham LLP aren’t able to complete this for you, it must be done through your gateway, and you must create this yourself. If you need any information, please check your online portal where you sign all documents with us at www.accountancymanager.co.uk. All of your data is stored here under my info section. If you need a portal creating, please send a request to email@example.com. If you have used the portal in the past and have forgotten your password, click the forgot password link.