Payroll furlough tools added to FreeAgent and Xero

The UK’s Coronavirus Job Retention Schemes provides a lifeline for businesses struggling to come to terms with the pandemic.

Eligible employees can be ‘furloughed’ and the government will pay 80% of their pay, up to £2,500 per month. Employers can also top this pay up to 100% if they wish.

You can find out more details about the scheme on the government website.

To make it easier for businesses to access this scheme, Xero and FreeAgent have added new tools to their payroll systems.

Amazon Sellers Could Be Blocked By No Deal Brexit

Revelations from a leaked government document suggest that thousands of online sellers could find their businesses blocked on popular marketplaces in the event of a no-deal Brexit. The news which could leave British Amazon and Google sellers hamstring was revealed when confidential details of the government’s Operation Yellowhammer no-deal contingency planning were leaked to the press.

How coronavirus is affecting small online retailers

The coronavirus outbreak has had a huge impact on lives, jobs and businesses. Although many online retailers can continue trading through the disruption, they are by no means immune to the chaos.

Small online shops face a raft of new challenges and barriers to doing business, many of which are causing serious issues for companies.

In this blog post, we identify some of the biggest problems facing small online sellers during the coronavirus crisis.

New VAT rules for eBay and Amazon sellers
Editor | 23 March 2018
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The Government has granted HMRC strong new powers to make sure that online sellers are paying the right level of tax.

The key changes force online marketplaces like Amazon and eBay to clampdown on online sellers that aren’t paying the right level of VAT.

First announced in the Chancellor’s Autumn Budget in 2017, the new rules took effect last week.

They are designed to create a fair playing field between businesses that abide by tax laws and UK and international companies that flout them.

Financial Secretary to the Treasury, Mel Stride, said: “Whilst the honest majority pay what they owe, some businesses that sell goods online to UK shoppers are failing to pay the correct amount of VAT.