2022 Spring Budget
SPRING BUDGET 2022 Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. Contents Page Personal Tax 2 - 3 Business...
2021 Autumn Budget
The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and...
Director Support Scheme Announced
The Minister for the Economy has announced details of the Limited Company Director’s Support Scheme, designed to provide financial support to company directors who have personally been adversely impacted by...
HMRC launches VAT payment deferral scheme
If your business deferred some VAT in 2020 due to coronavirus, you might be bracing to pay it back by 31 March 2021. Holiday window. The optional payment holiday window...
Furlough scheme extended for a month
The Coronavirus Job Retention Scheme has now been extended for a month. What are the terms of the extension and where does this leave the new Job Support Scheme? Under...
Eat Out to Help Out Scheme – How to claim money back
If you have registered your establishment for the Eat Out to Help Out Scheme and offered scheme discounts to diners on Mondays to Wednesdays between 3 and 31 August, you...
Job Retention Bonus Update
The Job Retention Bonus is a one-off payment to employers of £1,000 for every employee who they previously claimed for under the scheme, and who remains continuously employed through to...
Making Tax Digital programme to be extended
HMRC has announced that the Making Tax Digital programme will be extended to firms with turnover below the VAT threshold of £85,000 from April 2022. Taxpayers who file self-assessment returns...
Job Retention Bonus
The Chancellor announced the introduction of the Job Retention Bonus. This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each...
Changes To The Coronavirus Job Retention Scheme
Changes announced by the Chancellor stated that in June and July the furlough scheme will continue as before, but employers will be asked to cover National Insurance and employer pension...
NI Micro-business Hardship Fund
The fund was launched on Friday to assist NI based micro-businesses and social enterprises unable to access the £10,000, £25,000 and Covid-19 Childcare Support grant schemes. The level of the...
Covid-19 Updates and support
We are continuing to provide advice and support on the package of measures set out by the Chancellor to support our clients through this period of disruption. Currently these include:...
Bounce Back Loans
The government has rolled out Bounce Back Loans, a digital loan scheme, to support small businesses with their cashflow in the immediate future. Launched on Monday 4 May, the scheme...
COVID-19 Self Employed Income Support Scheme
Accountants can’t claim SEISS for clients HMRC have announced today that the self-employed cannot ask their accountants to make the claim on their behalf. To make a claim self-employed must...
Micro Business Loan Scheme
New Bounce Back Loan for Small Businesses The Chancellor announced a new micro loan scheme, with the aim of providing a simple, quick, easy solution for small businesses and in...
Potential revision for directors pay – Covid-19 Update
Under the Coronavirus Job Retention Scheme directors who pay themselves salaries and dividends through their own company will receive minimal support from this support initiative. A proportion of these directors...
Coronavirus Retail, Hospitality, Tourism and Leisure Grant – Updates
The £25,000 Retail, Hospitality, Tourism and Leisure Grant has now opened for applications The Department has also published a list of 40 businesses who will be eligible for the grant....
Coronavirus Job Retention Scheme Latest Update 16th April
HMRC have provided further guidance on the Coronavirus Job Retention Scheme (“CJRS”) Employer eligibility: A previous condition for the scheme was for an employer to be operating a PAYE payroll...
Covid-19 Job Retention Scheme – Update
At long last we have received confirmation from HMRC that the Coronavirus Job Retention Scheme Portal is due to open on Monday 20th April. HMRC will be contacting employers shortly...
Coronavirus Business Interruption Loan Scheme (CBILS) – UPDATE
The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of...
Coronavirus Small Business Grant Scheme
The Small Business Grant Scheme is being rolled out and a one-off grant of £10,000 is to be paid to small businesses next week to help meet their ongoing costs....