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how do I defer my next VAT payment?

If you’re struggling financially due to coronavirus, you can defer your next VAT payment

Some small business owners are still confused as to whether they should complete their VAT return, according to MHA MacIntyre Hudson.

If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you can opt to defer the payment until 31 March 2021 or pay it as normal.

You don’t need to tell HMRC that you’re deferring your VAT payment, but you still need to submit your return in time for your original date. Those

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How is your bank helping your small business through coronavirus?

Although all the high street banks are offering loans through the Coronavirus Business Interruption Loans Scheme (CBILS), several banks have gone further and are offering additional support to small business sector to help it survive the coronavirus crisis. 

Here is a round-up of what small business help each high street bank is offering to help your SME survive the coronavirus pandemic.

Additional coronavirus bank support for small business – what’s available?

Barclays

  • Helpline for all business banking customers impacted by the coronavirus outbreak. Call 0800 197 10862 between 8am and 8pm Monday to Friday (except bank holidays)
  • Free business
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Protecting your privacy – keep your business address separate

We understand that privacy is important and needs to be protected. People take measures to ensure their privacy is protected in many aspects of their personal life. That’s why we at LegalZoom are all about protecting your privacy too.

Let’s take social media for example; by limiting people who can view your profile and not having your personal address and phone number available on social media platforms, you are protecting yourself from unwanted invasion of privacy and unsolicited messages.

Why should this be any different for your business?

When you set up your business, you must have a registered office

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3 ways to look after staff wellbeing during the coronavirus crisis

Staff need to be encouraged to take holidays even if they are self-isolating at home during the coronavirus pandemic

The government’s announcement on March 27 that all key workers, who have not taken all of their statutory annual leave, will be allowed to carry it over into the next two years, is commendable. What it means is that those workers who are currently battling to keep the country moving during this pandemic will be able to carry over up to four weeks of unused leave. This will be reassuring news to those workers, who may already be feeling in need

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