Business and Tax News - May 2020

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Business and Tax News For May 2020 by the UK's number one tax calculator website!

Self Employed Income Support Scheme Extended For Three Months

29 May 2020 11:24pm

SELF EMPLOYED

Self Employed Income Support Scheme Extended For Three Months

June, July and August to be supported by SEISS but at a lower 70% of average turnover and capped at a lower £2,190 a month.

3,094 views

Employee Furlough Job Retention Scheme Updated Details

29 May 2020 8:50pm

PERSONAL TAX

Employee Furlough Job Retention Scheme Updated Details

Chancellor announces changes to furlough scheme for PAYE employees, with a reduction in government support from August and a new flexible furlough scheme from July.

4,334 views

Employees Allowed Tax-Free Reimbursement of Home Office Expenses

26 May 2020 9:44am

EXPENSES

Employees Allowed Tax-Free Reimbursement of Home Office Expenses

Temporary measure until April 2021 allows employers to refund employees for the costs of home office equipment fully without resulting in a benefit tax charge.

3,522 views

22 May 2020 5:51pm

SELF EMPLOYED

No Self Employed Support Scheme Update From Rishi Sunak

2,778 views

14 May 2020 7:08pm

UK BUDGET

OBR Forecast Shows Costs of Job Retention and Self Employed Support Schemes

3,613 views

12 May 2020 2:51pm

PERSONAL TAX

Furlough Scheme for PAYE Employees Extended Until End of October

3,761 views

6 May 2020 4:24pm

PERSONAL TAX

Furlough Scheme Could Be Tapered Or Wound Down As Lock-down Lifts

3,000 views

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