Electric vehicles tax benefits Replacing your company vehicle with an electric vehicle offers several tax benefits that can reduce your costs and help protect the environment. The UK government has set a target to ban the manufacture of petrol, diesel and hybrid vehicles by the year 2030. From 2024, the Government is expected to require […]
Find out moreSummary of the most relevant grants announced today Today (21/12/21) the UK Government announced a new package of support for the hospitality sector. The items that are most important to our clients are: Additional Restrictions Grant: One-off grants of up to £6,000 per premise for businesses in the hospitality and leisure sector Discretionary funding: discretionary […]
Find out moreOverview If you are a self-employed person or a member of a partnership and coronavirus has adversely impacted your business, you may be entitled to a new grant « the Fifth Grant ». In this note you will find more details regarding the so called Fifth Grant. The Fifth Grant, for the self-employed and partners In March 2020, with the advent of COVID-19 and […]
Find out morePurpose of note In this note you can find information related to the new Job Retention Scheme rules ‘furlough rules’ that will be applied from 1 July 2021. Furlough scheme In March 2020, Chancellor Rishi Sunak introduced the Furlough Scheme, a subsidy aimed at helping companies forced to lay off employees because of COVID-19. In September 2020, the UK Government replaced the initial scheme with another scheme the Job Retention Scheme. This scheme […]
Find out moreAim of note The aim of this note is to summarise some of the policies announced in yesterday’s budget. I have selected the points that are most likely to be relevant to our clients. The list is not meant to be comprehensive. You can see a summary of the points here and the full budget […]
Find out moreOverview HMRC recently provided an update of their VAT deferral scheme. This note summarises HMRC’s guidance, You can read the guidance in full here. The VAT deferral scheme Basically, if you deferred VAT payments at the start of COVID (between 20 March and 30 June 2020) and you still have payments to make, you can […]
Find out moreJob Retention Scheme extended and Local Restrictions Support Grant announced Over the weekend the UK Government made two announcements that will help to support UK businesses: extension of the Job Retention Scheme; and creation of a Local Restrictions Support Grant Job Retention Scheme The Job Support Scheme that was recently announced has been suspended and […]
Find out moreBackground to the new Job Support Schemes As you probably remember, the initial wage subsidy offered by the Government to employees was called the Furlough Scheme. This scheme comes to an end at the end of October and claims for October need to be submitted to HMRC no later than 30/11/20. On 24 September the […]
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