Anna’s Accountancy Alerts – Week 20 (17th – 22nd August 2020)

Multi ethnic business people, entrepreneur, business, small business concept

Be Aware The August PAYE/NI Electronic Payment Deadline Falls On A Weekend

The electronic payment deadline falls on Saturday 22 August. You need to have cleared funds in HMRC’s account by the 21 August unless you are able to arrange a Faster Payment to clear on the payment deadline.

Claims Portal Opens For Eat Out To Help Out Scheme

The UK Government’s Eat Out to Help Out Scheme allows restaurants, bars, cafés and other eligible establishments to provide 50% off food and non-alcoholic drinks, up to £10 per person, all day Monday to Wednesday throughout August.

You can now claim for any discounts offered on the scheme, using the new online claims portal.

https://www.gov.uk/guidance/claim-money-back-through-the-eat-out-to-help-out-scheme

You can find further guidance and support on the Eat Out to Help Out guidance pages.

https://www.gov.uk/government/publications/get-more-information-about-the-eat-out-to-help-out-scheme

HMRC have also published a video explaining the claims process on HMRC’s YouTube channel.

https://www.youtube.com/user/hmrcgovuk

Cyber Scams Target Students

Students are being targeted with cyber frauds offering them bogus tax refunds. HMRC would normally expect to see a small, regular flow of scam referrals from students but recently saw a sudden spike in students reporting suspected scams sent to their official university email addresses. HMRC has warned students to take a moment to think before parting with personal information.

Stay Up-To-Date With Coronavirus & Brexit News

Coronavirus has affected us all. Whether you’re a sole trader, employer or employee. Stay up to date with the latest news – including government support, tax implications, and more.