2021 didn’t quite start out as most of us had hoped, with the country going back into a national lockdown just four days into the start of the New Year. Whilst it’s no longer a case of navigating unchartered territory, many businesses are still facing the same challenges due to reduced demand or enforced closure during another lockdown. So, what support is available to […]
The option to defer VAT payments between 20 March and 30 June was welcomed by many businesses as it freed up much-needed cash for them during the lockdown. In order to take advantage of this scheme, businesses either didn’t make the payment or they cancelled their direct debit to prevent the payment being taken automatically. […]
Rishi Sunak graced TV, computer, and phone screens across the nation at midday yesterday to announce ongoing support measures after calls to extend the furlough scheme. According to the Chancellor, the primary goal is still to support jobs but the way to achieve this must change from the measures we have seen and relied on […]
Unsurprisingly, HMRC has announced how they will be cracking down on fraudulent grant claims. Due to the speed and urgency that claims were made and issued, there are likely to be a number of innocently miscalculated grants and HMRC is requesting that businesses double-check their calculations and notify HMRC within 90 days of receiving any […]
For months, we have been talking to our clients about the ins and outs of furloughing, whether the CBILS or the BBLS is the best choice for them and how to access grants to carry them to the other side of lockdown. But, the truth is, these measures are coming to an end relatively soon, […]
My employee didn’t use their company car during lockdown – does this mean the benefit in kind stops?
After months of lockdown, many of us have seen a noticeable decrease in petrol costs as cars have stayed stationary on driveways, and workers across the country have swapped the daily commute for days working at the dining room table. If you have staff with company cars who have been working from home or furloughed, […]
What can I reduce VAT on? A breakdown for businesses in hospitality, accommodation and the tourism industry
Last week, Rishi Sunak announced a whole host of measures to help boost the economy as we start to recover from the effects of the last few months. One of these measures is a temporary 15% cut to the rate of the VAT applied to certain supplies made in the hospitality, accommodation and tourism industry, […]
Yesterday, Chancellor Rishi Sunak delivered his Summer Economic Update and laid out the next steps in the roadmap to rebuilding the UK economy and spur job creation. The key updates from the ‘Plan for Jobs’ package are: Job Retention Bonus: To prevent unemployment, the Government is introducing the Job Retention Bonus. If employers bring workers […]
As the country starts to reopen, the government is prioritising a green recovery by encouraging further investment into clean innovation and green technology. Over the past few weeks, various grants and competitions, such as the Sustainable Innovation Fund and the Driving the Electric Revolution Challenge have been announced to provide funding to businesses that are putting sustainable […]
After four months of financial support in the form of the Coronavirus Job Retention Scheme (CJRS), the government is introducing flexible furloughing from 1 July 2020. This will allow employers to bring employees back to work gradually as demand increases and UK businesses start to reopen. Key Changes: The flexible furlough scheme (FFS) is not […]
Working from home? The ins and outs of how employees can claim expenses for additional household bills.
Due to the current coronavirus pandemic and the restrictions on who can travel to work, there will likely be an increase in expense claims and claims to tax relief.
HMRC has started to contact eligible individuals who may qualify for the Self Employment Income Support Scheme (SEISS) and has announced that the claims service will open on Wednesday 13 May.