NEWS

Read our updates…

Winter Economy Plan

Winter Economy Plan

In lieu of an Autumn Budget, the Chancellor recently announced his “Winter Economy Plan” which included further measures to protect jobs and the economy as it seems lockdown measures will be continuing for some time. Here is a recap of the main points. Job Support...

Kickstart Scheme

Kickstart Scheme

Can you offer a young person an opportunity within your business? From 3rd September, applications opened for businesses to join the new scheme introduced by the government called the Kickstart Scheme – the aim of which is to provide funding to employers to create job...

Tax News August 2020

Tax News August 2020

As lockdown continues to ease over most of the country, we thought we would bring you up to speed with all things tax. VAT deferral scheme The VAT payments deferral scheme came to an end on 30 June 2020.  If you were one of the VAT registered businesses that deferred...

Coronavirus Tax and Support Update – June 4th 2020

Coronavirus Tax and Support Update – June 4th 2020

There have been some recent developments in terms of the support available to businesses during the ongoing coronavirus pandemic, particularly in respect of the Coronavirus Job Retention Scheme, commonly known as the “furlough” scheme. There has also been an extension...

Coronavirus Job Retention Scheme

Coronavirus Job Retention Scheme

CORONAVIRUS JOB RETENTION SCHEME One major benefit that has been introduced by the Chancellor to protect jobs is the Coronavirus Job Retention Scheme (“CJRS”). Summary HMRC will reimburse 80% of ‘furloughed’ workers’ wage costs, up to a cap of £2,500 per employee per...

VAT Returns/Self-Assessment Tax Returns and Payments

VAT Returns/Self-Assessment Tax Returns and Payments

VAT payment deferral Any VAT payments due on 10 April, 10 May and 10 June will not be collected by HMRC. No action is required by businesses – this will happen automatically. However! This is effectively just an interest free loan from HMRC and it will need to be...

Government Loans Available

There are currently 2 Government backed loans for those who need it.  It will hopefully enable businesses to continue to operate during this global pandemic.  Details of these two new loan schemes are being confirmed and an information campaign launched so that...

Employee Measures

Employee Measures If you haven’t already done so, you must ensure that your staff are aware of the measures you have in place to cope with virus-related problems, and to review the terms and conditions of their contracts. This will include your terms of sick pay and...

Self-Employed Grant Support

SELF EMPLOYED GRANT SUPPORT FACTSHEET GRANTS UNDER THE SELF-EMPLOYMENT INCOME SUPPORT SCHEME (CSEISS) – On 26 March 2020 the Chancellor announced a new grant scheme available to the self-employed and members of partnerships and have lost income due to coronavirus....

Coronavirus Update – 24th March 2020

Coronavirus Update – 24th March 2020

Yesterday the government announced new strict rules - the country has now gone into lockdown. To summarise, you can only leave your house for the following reasons : To visit a supermarket or chemist To undertake one form of exercise a day, alone or with members of...

IR35 UPDATE – URGENT 18 MARCH 2020

IR35 UPDATE – URGENT 18 MARCH 2020

In a surprise announcement in Parliament yesterday (17/03/20) , Chief Treasury Secretary Steve Barclay announced that the implementation of the new IR35 rules, which were due to come into effect in a few weeks’ time, have been postponed for twelve months. This...