The extension of Making Tax Digital (MTD) to cover businesses with a turnover below the VAT threshold and for certain individuals who file Income Tax Self-Assessment tax returns has been confirmed. A roadmap for Making Tax Digital has been set…
Some great news for local businesses! In September 2020, Ministers have announced that there will be new grants available for businesses affected by lockdown in England. Businesses that have been required to shut because of localised lockdowns will now be…
Millions of self-employed people whose livelihoods have been affected by coronavirus will be able to claim a second payment of up to £6,570 from today – as the government continues to help drive the UK’s recovery. ∙ Second stage of…
As we head into August, now is the time that many people are seeing a reappearance of ‘normality’ with many offices and companies starting to return to the workplace. It’s been a long few months, and while March seems like…
As of the 8th July, Chancellor Rishi Sunak has announced his continued plans to support businesses. With hospitality businesses allowed to reopen on the 4th July, it seems the world is moving towards going back to ‘normal’, so it’s more…
SELF EMPLOYED INCOME SUPPORT SCHEME No doubt due to recent lobbying by the press and other interested support groups, the Chancellor has extended the SEISS for a final three-month period to 31 August 2020. This means that the self-employed who…
If you are self-employed and qualify for the Self-Employment Income Support Scheme you will receive a cash grant from HMRC based on 80% of profits, up to £2,500 per month. The initial grant will be for the three months, from…
The Chancellor, Rishi Sunak on 12 May announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme. The scheme had been due to run until at least 30 June 2020. The Chancellor has…
The Chancellor, Rishi Sunak, on Monday (27 April 2020) made a statement to the House of Commons on the government’s economic response to the coronavirus outbreak. The Chancellor confirmed that the Office of Budget Responsibility (OBR) has said that the…
WHAT IS THE JOB RETENTION SCHEME? The Coronavirus Job Retention Scheme is open to all UK employers to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this…