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Oxford 01865 559900 | Abingdon 01235 548700 | Cirencester 01285 659778
This calculator has been prepared for illustrative purposes only based on our interpretation of the guidance released by HMRC as at 8 April 2020. HMRC are updating their guidance regularly and we recommend referring to their website.
HMRC have contacted us to confirm that the portal will open on 20th April 2020.
For Income Tax Self-Assessment, payments due on the 31 July 2020 may be deferred until 31 January 2021.
This scheme will allow eligible individuals to claim a taxable grant worth 80% of trading profits up to a maximum of £2,500 per month for the next 3 months.
As previously reported, any VAT falling due for payment between 20th March and 30th June can be deferred to 31st March 2021.
For businesses in the retail, leisure and hospitality sector no business rates will be payable for 2020/21.
The Federation of Small Businesses (FSB) has called for the government to provide further help to employers as the Coronavirus Job Retention Scheme (CJRS) begins to be wound down.
04 Aug 2020
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