News

The disappointment in the hospitality and travel sectors in particular about the pushing back of the so-called Freedom Day by four weeks has been very evident in the media since the announcement was made by Boris Johnson – but for the self-employed, support continues to be in place, and will be right through until September.

Since the pandemic hit in March 2020, the Charity Commission have offered filing extensions to charities who have been unable to meet their filing deadlines for COVID-19 related reasons. These extensions have had no fixed end date.

The future of subsidies, climate change, and price volatility are the main challenges facing farming, according to a major new survey of farm businesses conducted by a leading East Anglian firm of chartered accountants as part of a national study.

The Supreme Court’s recent decision in Balhousie Holdings [Balhousie Holdings Ltd v HMRC [2021] UKSC 11] indicates that care home operators (and other entities such as charities and universities) may be able to use sell and lease back arrangements to finance the construction of new buildings without incurring a significant VAT penalty.

Charities should be checking their insurance policies after it emerged that some organisations could be missing out on business interruption cover payments totalling tens or even hundreds of thousands of pounds as a result of the lockdown, according to a leading charity finance specialist.

Changes to the level of grants implemented on 1 July 2021 for the Coronavirus Job Retention Scheme.

If you are involved with the demolition or development of a building then consideration should be given to the VAT position and whether it can be reclaimed. Generally speaking, VAT costs would need to be incurred solely in relation to the making of taxable supplies whether they are currently being made or if there is an intention to make taxable supplies.

A recent Court of Appeal case has decided against two organisations that provided day care services.