NEWS
Read our updates…
Year End Tax Planning
With the end of the tax year in sight, we’ve put together our top tips on how you can minimise your personal tax. ISA’s Cash ISA’s are savings accounts that you never pay tax on the interest arising. In a normal savings account, the first £1,000 will be tax free, but...
March Budget Newsletter
CHANCELLOR “LEVELS UP” WITH US ON TAX In the Chancellor’s second real Budget on 3 March 2021 he announced that he had to level with people about the state of the UK economy. Prior to Budget day there were fewer leaks than normal about possible tax changes. There...
Bounce Back Loans
The Bounce Back Loan (“BBL”) scheme was introduced last year with the idea to help small businesses who would be struggling due to coronavirus. So far over a million loans have been issued, and the government has recently announced some changes. BBL’s are 100%...
VAT Construction Reverse Charge
THE NEW VAT RULES FOR CONSTRUCTION SECTOR START ON 1 MARCH 2021 The new rules are called “the domestic reverse charge for supplies of building and construction services” and will impact on accounting for VAT for transactions in the construction sector. These new VAT...
Local Restrictions Support Grants (LRSG)
Now the lockdown restrictions are nationwide, all eligible businesses that have been told to close by the government for four weeks can now apply for the LRSG. Eligible businesses include non-essential retail, leisure, personal care, sports facilities and hospitality...
CJRS Scheme – the FACTS!
We have put together some more information for any of you who have been using the furlough scheme already, or for those of you who feel you now need to use it going forward. If you would like Leggate Associates to submit your claim on your behalf, please contact us....
Tax News – 5 November 2020
Now we are going back into lockdown, the government has announced new plans to help those affected by not being able to work. The Coronavirus Job Retention Scheme (CJRS) This has been extended until 31 March 2021 which I’m sure is a relief to many. It was due to end...
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
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
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...
Leggate Associates Newsletter – 6 July 2020 – Flexible furlough
From 1st July “Flexible Furlough” came into effect which allows more flexibility in re-introducing your staff back to the workplace. It is designed to kick start the economy and re-open the UK. The scheme allows you to bring employees back to work on a part-time...
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...
