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insights from our payroll experts

Accessing the Coronavirus Job Retention Scheme

With substantial restrictions for everyone on the circumstances in which we cant leave our homes, and many businesses being forced to close, the Chancellor has announced a scheme to reimburse up to 80 per cent of the cost of the…

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Statutory Sick Pay (SSP) The Government is making it easier for employees to claim SSP by making it applicable from the first day of absence due to Covid-19 infection or self-isolation related to the virus. Employers with fewer than 250…

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Payroll Seminar 2020

Payroll Update Webinar – Thursday 19 March

Our 2020 Payroll Update Webinar is now live to view. Eve Iunco, Head of Payroll Services - West Region, will present a comprehensive update and will guide you through all the recent legislative changes and those that will be coming…

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Coronavirus – facing challenging times together

We are in unprecedented times and facing uncertainty as the Coronavirus pandemic evolves. We want to assure you that your team at PKF Francis Clark is fully committed to the safety and health of our employees and our communities while…

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Employment Allowance changes come into effect from April

For more than half a decade the Employment Allowance (EA) has entitled employers to a maximum of £3,000 off their annual secondary Class 1 NIC bill. However, a new restriction on the EA will come into force from April, which…

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Bank overdrafts to become more expensive for some under new changes

The UK’s major banks and building societies are set to increase the interest they charge on overdrafts as part of a major change due to come into effect from April. There are three main changes being introduced which will affect…

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VAT charged on the sale of a business

There are many things to consider when selling a business, but what about the payment of VAT? VAT is charged on most transactions, but it is not as straightforward when it comes to the purchase of a business. If a…

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Don’t forget EORI registration

The UK has now formally withdrawn from the EU and has until 31 December 2020 to agree new trade arrangements. At present, it is not possible for businesses to move goods into or out of the EU single market without…

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Small and medium builders to benefit from £1 billion housebuilding boost

Housing Secretary, Robert Jerick MP, has announced £1 billion in new loans to small and medium-sized builders to help them deliver new homes, under the banner of the British Business Bank’s ENABLE Build Programme. The Government has a target of…

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More than 1.3 million businesses are signed up to Making Tax Digital for VAT as soft landing ends

Since the implementation of Making Tax Digital (MTD) for VAT in April 2019, more than 1.3 million businesses with a turnover of £85,000 or more have been making quarterly digital returns to HM Revenue & Customs (HMRC) using compatible software.…

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