The Association of Chartered Certified Accountants (ACCA) is publishing guides to certain aspects of the grants and aid available to businesses and the self-employed as a result of COVID-19.
Where these are written in plain English they are being added to the Downloads page (opens in a new tab). Please note that some of these documents will contain links which won’t work in this format so these will be added elsewhere.
We are also writing our own guidance to some areas, these guides are also available from the Downloads page.
VAT – if you are VAT registered business with a payment due between 20 March and 30 June 2020 you may defer payment of this. Please see the government guidance at Gov.uk VAT deferral guidance.
If you have an income tax instalment payment on account due on 31 July this can be deferred. This is automatic and you do not need to apply for it. If you can make the payment you should do so. Gov.uk Deferral of income tax payment on account
Any business or self-employed person who is going to have trouble paying any sort of taxation as a result of Coronavirus should contact HMRC on their dedicated helpline. Be warned this is likely to be very busy and involve a long wait. HMRC Coronavirus helpline
Employers should note that there have been some changes in the operation of Statutory Sick Pay (SSP) due to coronavirus. Please see the information here: gov.uk SSP
If you require any further information we would request you contact us by email please as all calls are being routed direct to Steve due to the closure of the Centre’s reception.