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 […]
Please note: This information has been updated and you may be eligible for further support – please click here to find out more about the support available for businesses who pay business rates. Businesses who are forced to close under the second national lockdown, which comes into force on Thursday, will be entitled to a […]
Please note: This scheme has been updated and you may be eligible to claim further Self-employment Income Support Grants – please click here to find out more. 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. […]
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 […]
Second lockdown update 03/11/20: 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 of 30 October to help employers in administering the same. This scheme has, however, now been postponed until […]
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 […]
Working from home may be an attractive option for some employees, however in the light of Covid, for some employees this is now the only option albeit temporarily. Here we consider the tax implications of homeworking arrangements. Your status is important The tax rules differ considerably depending on whether you are self-employed, as a sole trader […]
How it works and what employers should do now. HMRC has released further guidance for employers about the job retention bonus scheme, together with a new Treasury Direction (the law governing the scheme). These new publications do not provide a great deal more information than that released earlier in the summer, but any employers considering […]
Small and medium sized businesses will have access to grants of between £1,000 – £5,000 to help them access new technology and other equipment in order to continue to deliver business activity or diversify. The grants can also be used to businesses access specialist professional advice such as HR, accountants, legal, financial, IT and digital […]
Please note: This scheme has been updated for employers with 29 or less placements – please click here to find out more. In July 2020, Rishi Sunak announced the Government’s “plan for jobs,” with yet further Government investment being ploughed into helping the economy in the wake of the Coronavirus pandemic. Amongst the announcements was […]
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