Watch it back: ‘Virtual Breakfast’ Q&A with Head of Rural, Andrew Vickery & Rural Tax Adviser, Catherine Vickery
Thank you to everyone who joined our ‘Virtual Breakfast’ Q&A on Friday 24 April, and for those who asked us a question.
In this session we featured the below topics and we’ve highlighted the time they were discussed so you can get to that section with ease.
Do I qualify for COVID-19 relief if I’m already covered under the original small business relief grant?
I haven’t declared my business rates before, am I eligible to claim this grant if I register for rates now?
I have a camp site and a holiday let – can I claim a £10k grant for each?
Am I able to claim back tax for a loan I gave to my son which will not be repaid due to COVID-19?
How does this work, how is payment calculated and when will I get paid?
What periods does the government pay-out cover if they are paying out in June?
Can you explain how this works with farmers’ averaging and/or tax losses brought forward?
I am a director of a company, can I furlough myself and can I still perform director duties?
How often can an employee be furloughed?
Is the portal to claim now open, how easy is it to use?
Will HMRC be granting extensions to the three-year rule for Entrepreneurs’ Relief if the claim has been affected by COVID-19?
How do I access the loan scheme?
Can I tap into this loan for cheap borrowing if I want to expand my business or the farm needs investment?
How do I defer my VAT payments?
Can I claim back VAT on bad debts.
I know I can defer my self-assessment but can I still pay tax in July if I want to?
I’ve been advised that I should change my company year-end but not sure why I should do this, can you explain?