Our Blog

New Furlough Scheme Guidance published by HMRC

Last Friday (12th June) HMRC published the new Furlough Scheme guidance that will support the amendments that are coming to the Coronavirus Job Retention Scheme from 1st July. The changes to the scheme had been announced previously, but the detail was missing. The guidance now includes: Changes to the scheme and the key dates to […]

Read More

Job Retention Scheme claim corrections and risks…

Since the launch of the Coronavirus Job Retention Scheme claim corrections have been one of the biggest concerns for employers. Knowing that it’s extremely likely that HMRC will want to review claims at some point in the future, the pressure has been immense to ensure 100% accuracy on claims. Correcting Claim Errors On 5th June […]

Read More

Xero Invoice Reminders issue

Xero have warned that some scheduled invoice reminders may not have been sent as due during May. The issue with the Xero Invoice Reminders system only affected some organisations for reminders due between the 10th and 14th May. The issue has now been resolved, and all reminders since 15th May have been processed. What should […]

Read More

Further delay to VAT Reverse Charge for Construction

On 5th June 2020, HMRC announced a five-month delay to the introduction of the domestic VAT reverse charge for construction services, as a result of Coronavirus. The change will now apply from 1st March 2021 and will overhaul the way VAT is payable on building and construction invoices, to reduce fraud in the sector. Under […]

Read More

Insolvency Law responds to Coronavirus

The Government is making changes to insolvency law as a result of Coronavirus. The Corporate Insolvency and Governance Bill outlines that struggling companies will be given extra time to consider rescue plans presented to them. As part of the changes, companies will have 20 business days to consider a rescue plan, which can be extended […]

Read More

Go Cardless VAT Change…

Go Cardless are one of the most popular Direct Debit solutions for small businesses, as the system integrates beautifully with Xero and Quickbooks. They’ve recently had to change their stance on VAT, but there’s some good news for current customers! The Background Go Cardless had previously been exempt from chasing VAT on the fees they […]

Read More

Rebound Logo - an stylised image of the Coronavirus molecule, with a banner around it saying 'Rebound'

Visit our Rebound Resources page for free tools & guidance to help your business Rebound after Lockdown

CORONAVIRUS UPDATE: Please view our Coronavirus page for the latest news