This site uses cookies to improve your browsing experience and analyse use of our website. By clicking ‘I accept’ you agree and consent to our use of cookies. You can find out more about our cookies here. Find out more

June 2020

Furlough take up is higher in low income areas

Furlough has successfully targeted lower income areas of the UK according to analysis of take up of the Government's job retention scheme.

Academies: Accounts Direction 2019/20

The ESFA have released their annual guidance on accounts preparation for academies and Multi-Academy Trusts in the Accounts Direction 2019 to 2020.   There have been some minor changes and clarifications in this year’s publication which apply to Academy accounts for accounting periods ending 31 August 2020.  

Academies: 2020 Budget Forecast Return 3 Year

In response to the Covid-19 outbreak, the budget forecast return three year (BFR3Y) is the only required budget forecast to be submitted for Academies and Academy Trusts this year.

Don’t forget to re-instate your direct debit if you have used the VAT deferral scheme

VAT registered businesses are able to defer their VAT payments falling due in the period between 20 March and 30 June 2020 until 31 March 2021.  

COVID-19: Changes to the furlough scheme from 1 July 2020

Following the government’s announcement earlier this month regarding changes to the furlough job retention scheme from 1 July 2020 until 31 October 2020, detailed guidance has now been released explaining the changes.  

COVID-19: Job Retention Scheme Flexible Furlough Checklist

To help you prepare for the next, flexible stage of the furlough scheme we have prepared a useful checklist of the key dates and the steps you need to take to prepare.   

COVID-19: Employees on parental leave can access furlough scheme after 10 June deadline

Changes to the furlough scheme mean that parents on statutory maternity and paternity leave who return to work in the next few months will now be eligible for the government’s furlough scheme even after the 10 June cut-off date for new entrants.  

COVID-19: VAT Change Delayed By Five Months For Construction Services

Domestic reverse charge for construction services delayed until March 2021.

COVID-19: Self-employment Income Support Scheme extended

The Self-Employment Income Support Scheme has been extended by a further three months to cover June, July and August 2020.