🌴🥥 Holiday Pay and Making Tax Digital 💻

Newsletter Archive

❓ Much Ado About MTD - and Furlough Holiday Pay 🌴



Hi folks

Three things to talk about today. If none of them interests applies to you, see you next week...


Making Tax Digital - Who's Next?

I'm not sure how I feel about covering this here as it's nothing to do with Covid and therefore not what this mailing list was set up for. And I know it p*sses me off when I get stuff I didn't sign up for.

But, I've had a lot of enquiries following last week's govt announcement, so I'll include it but keep it short:


From April 2023, the self-employed, including landlords, with turnover above £10,000 will need to comply with the same MTD rules as currently apply to VAT-registered companies. That is, quarterly returns using online software - no more spreadsheets.

That's nearly 3 years away so really nothing to worry about today.

There's not yet any announcement on Limited Companies though 🤔

If you want to know more about MTD, give me a call.


Holiday Pay During Furlough 🌴🥥

There's all sorts of confusion and mis-information about what you can and can't do under the furlough scheme. One of the more popular myths is that staff can't take holiday during furlough. They can - and, if possible, they should!

Like maternity leave, staff continue to accrue holiday whilst on furlough. That's annoying because when they come back to work, it's another week or two of additional leave that the govt won't be paying for.

The solution is simple - require them (with suitable notice in writing) to take some or all of their holiday entitlement whilst on furlough. The furlough scheme will cover their wages up to the usual 80% (or tapered) furlough amount.

All YOU need to do as the employer is top up the salary for the days on holiday to their 'normal' contracted pay. In other words, you'll pay the difference of (say) 20% now, rather than the full 100% holiday pay if it's taken after the furlough scheme ends.

But it IS a minefield so we can talk you through it if you're not sure. 


Eat Out To Help Out - How To Apply 🍔🍔

It's great to see so many pubs, cafes and restaurants already signed up for this. If you're in the industry and haven't already signed up your premises, here's the link for businesses:


And if you want to see which venues near you are signed up, here's the link for customers:


Just putting in my own postcode there are 66 venues within 5 miles of my home. I am going to have to dig out my 'eating trousers' to make it round them all.

Remember, the scheme starts 3rd August and operates on Monday to Wednesdays, excluding alcohol.




Thanks again to all of you who have left some kind words for us in the various social media outlets. Oh, stop it, stop it [er, no, please don't! It's very kind of you!]. If you have found our updates useful AND you're feeling in a good mood, get your clicker round some of these to leave us some feedback:

Google Places



That's all for now - but, as ever, give me a call if you want to talk through any support we can provide you with (even if we're not your accountant). Book a CV19 support call. 


Peter and the Blue Penguin team. 💙


Smallprint: this is a massively fluid situation. The above is our understanding right now, but things are changing daily. Please don't take any of this as legal advice, yada yada. We'll do our best to keep you up to date with more information as we get it. Please call us for clarification on any points above.


Blue Penguin Chartered Accountants • 16 Claremont Drive, Taunton TA1 4JF

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