Deal or no deal, the way people live and work will be different. People planning to move between the UK and EU to live, work, or retire will no longer be automatically allowed to do so The UK will apply a points-based immigration system to EU citizens Travel rules are changing, so check your passport […]
HMRC has confirmed that they will accept a virtual Christmas party as an event which is capable of falling within the tax exemption rules for annual functions. ‘Having considered the scope of section 264 ITEPA03 (annual parties exemption), we are pleased to confirm that the exemption will apply to the costs associated with virtual parties […]
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Businesses who are forced to close under the second national lockdown, which comes into force on Thursday, will be entitled to a new tiered grant of up to £3,000 per month Those forced to closed their doors will receive grants worth up to £3,000 per month under the Local Restrictions Support Grant (LRSG). Effected businesses […]
The government is increasing its support to the self-employed over the coming months and ensuring people get paid faster than previously planned, it was announced 2nd November 2020. As SEISS grants are calculated over three months, the November boost to 80 per cent, along with the 40 per cent level of trading profits for December […]
On 31 October the CJRS was extended until December and the JSS that was due to commence on 1 November was postponed. The new Job Support Scheme (JSS), which was the government’s replacement wage support scheme, had been set to launch on 1 November, with the government publishing 11 detailed guidance notes on the evening […]
We know that this is a time of unprecedented uncertainty for businesses across all sectors and we at CGA will continue to work with all clients to update, advise and provide support during this time. We are sending out regular updates via email, sign up here. The team are currently working from home, with Chelle […]
The Government describes the scheme as an ‘innovative way to help young people into work and spur Britain’s economic revival’. It was officially launched on Wednesday. The scheme is subsidised with the Government paying 100 per cent of the age-relevant National Minimum Wage, National Insurance and pension contributions provided young people aged 16-24 are given quality […]
The hospitality and leisure industries as we all know, have been severely affected by the Coronavirus pandemic. To help businesses in these sectors to get back on their feet, the Government has reduced the rate of VAT to 5% rather than the standard rate of 20%. This applies to certain supplies and has now been […]
The Finance Act 2020 provides for HMR & C to regain preferential status for certain debts including PAYE, Employees NIC, VAT, student deductions and CIS deductions. The new status is only relevant for insolvencies that commence after 1 December 2020. Current Preferential Creditors At present the only creditors that have preferential status are employees for […]
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