The UK and the EU agreed future trading terms of the UK-EU Trade and Cooperation Agreement. The UK has approved the agreement and it came into effect provisionally on 31 December 2020, whilst awaiting the EU to take steps to approve it. See the agreement here: Brexit: new rules – Government guidance The Government has […]
As the UK national lockdowns continue, we are pleased that there is some good news for hospitality and other businesses who were closed by the Government in the first lockdown, after the Supreme Court ruled that insurers should pay business interruption claims. Small firms in line for business interruption insurance pay out The Financial Conduct […]
This is the 3rd attempt at setting a date for the introduction of these changes and as it stands at the moment this date will not be changed. It applies only to VAT-registered businesses who are supplying/receiving services that are reported under CIS. In other words, it applies to services supplied between the majority of […]
There has been a very welcome important change to this scheme. From 3 February 2021, employers can apply directly to the Kickstart scheme for any number of job placements. We are removing the threshold of 30 job placements. You can also choose to apply through a Kickstart gateway, including those supporting sole traders. Kickstart gateways […]
Coronavirus VAT Deferral Scheme – January 2021 Update A new payment scheme will be opened by HMRC shortly to allow for payments of VAT originally deferred between 20th March 2020 and June 2020 to be paid in 11 interest free instalments. All instalments must be paid by the end of March 2022. You will need […]
On 26 March 2020, the Government announced a support package for those who are self-employed or a member of a partnership and have lost income due to the COVID-19 crisis. This is aimed at self-employed businesses that DO NOT trade through a limited company, that have generated profits and where those profits are your main or only […]
Business Support Grants from January 2021 delivered by Local Authorities From the 5th January 2021 onwards, Local Authorities will be delivering The Local Restrictions Support Grant (Closed), Closed Businesses Lockdown Payment and the Additional Restrictions Grant Local Restrictions Support Grant (Closed) Addendum Scheme For Businesses that were open as usual, but then required to close […]
June 2021 Extended Coronavirus Job Retention Scheme to 30th September 2021 – Update and Refresher Background On 3 March 2021, at the Spring Budget, the Chancellor confirmed that the Coronavirus Job Retention Scheme (CJRS) will run until 30 September 2021. The current version of the scheme is the third iteration of the original CJRS that commenced […]
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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