News and Updates
Support for businesses through the Coronavirus Business Interruption Loan Scheme
A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch early next week to support primarily small and medium-sized businesses to access bank lending and overdrafts. The government will provide lenders with a...
Support for businesses that pay little or no business rates
The government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR), rural rate relief (RRR) and tapered relief. This...
Support for retail, hospitality and leisure businesses that pay business rates
Business rates holiday for retail, hospitality and leisure businesses The Government will introduce a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. You are eligible for the business rates holiday if:...
Support for businesses through deferring VAT and Income Tax payments
The Government have announced that they will defer VAT payments for 3 months and self employed income tax payments due in July 2020. These are automatic offers and no application will be required. For VAT, the deferral will apply from 20 March 2020 until 30 June 2020...
Latest on Government’s COVID-19 Emergency Funding
As the fallout from the Coronavirus pandemic continues, many businesses say they are teetering on the brink as revenues plunge following stay at home advice. Thankfully, emergency funding of £330 billion will be put aside from the Government’s financial support...
Tax helpline to support businesses affected by coronavirus (COVID-19)
Please see the link below for further information provided by the Government: https://www.gov.uk/government/news/tax-helpline-to-support-businesses-affected-by-coronavirus-covid-19?fbclid=IwAR1dcro8XKPDzwP22KA2GhQIqHDhd0bD2UnJE7AvBbP85YbxfXLlLntwImI
COVID-19 update
We want to reassure our clients that we are fully committed to the safety and health of our employees and our clients whilst continuing to provide a professional and reliable service. We are reviewing the government advice daily and will act accordingly. We are...
April 2020 changes to private residence relief
In July 2019 it was confirmed the government's plans to: reduce the final period exemption from 18 months to 9 months (unless special circumstances where 36 months); and restrict the letting relief to cases where the owner is in shared occupancy. Both of these changes...
HMRC BREXIT HELPLINES
Whilst we are all unsure how Brexit will play out, it is important to remember that it could happen as soon as 31 January 2020. If you deal with the EU either as a supplier or customer, fundamental changes to VAT will come into play on 11pm of Brexit day. These could...
New Rules for Employment Allowance
The Government has published draft legislation for the new restrictions which will apply to the NI employment allowance (EA) from April 2020. Will your business be affected, and if so, how? Employment Allowance (EA). Since April 2014, most employers have been entitled...