8 September

UK Government Announces Tax Rises to Cover Additional Funding for NHS and Social Care

The Prime Minister has announced to parliament plans to tackle the backlog of procedures in the NHS, to reform adult social care and to align the health and social care systems.   To raise the £36 billion that these programmes will require over the next three tax years, a number of tax increases will come […]

8 February

A Date For The Diary – 3rd March – Budget 2021

On Wednesday 3rd March, Chancellor of the Exchequer, Rishi Sunak will be delivering Budget 2021. Join us for our live Twitter feed, digest of the key announcements and a detailed review.

30 September

COVID-19 – Business Support – Rishi Sunak Announces Winter Economy Plan

The Chancellor of the Exchequer, Rishi Sunak, has delivered his Winter Economy Plan to support economic recovery in response to the current COVID-19 landscape. These measures include:– A new Job Support Scheme;– The extension of Self Employment Income Support Scheme;– The extension of the 5% reduced VAT rate for the hospitality and tourism sectors to […]

19 June

COVID-19 – Business Support – Flexible Furlough and the Road Ahead for the Coronavirus Job Retention Scheme

The last date to furlough an employee under the Coronavirus Job Retention Scheme has now passed but, from 1st July, employers can bring furloughed employees back to work for any amount of time and any work pattern, while still being able to claim the grant for the hours not worked. This option only applies to […]

10 June

COVID-19 – Business Support – Today is the Last Day to Furlough an Employee for the First Time…but there is a Last-Minute Change

Today is the last day that an employer can furlough an employee for the first time under the Coronavirus Job Retention Scheme. This is a precursor to the introduction of flexible furloughing on 1st July.   From July, the scheme will be restricted to employers currently using the scheme and to employees that are or […]

1 June

COVID-19 – The Government has Announced a Welcome Second Grant under the Self-Employment Income Support Scheme but Key Groups to the Revival of the Economy are Still Left with Nothing

The application process for the initial grant under the Self-Employment Income Support Scheme opened on 13th May 2020 and, at the end of 24th May, 2.3 million claims had been made for a total of £6.8 billion   The eligibility criteria for self-employed individuals, including members of partnerships, are that they: submitted their Self-Assessment tax […]

30 May

COVID-19 – Business Support – Three Important Job Retention Scheme Updates – Flexible Furloughing to start from 1st July, the scheme to close to new entrants on 30th June and the employer to start to contribute from August

The Chancellor, Rishi Sunak, has announced three important updates to the Job Retention Scheme.   Firstly, the concept of flexible furloughing has been brought forward by a month to 1st July 2020.  This will enable businesses to bring furloughed employees back to work on a part-time basis.   It will be left for the individual […]

19 May

COVID-19 – Business Support – Future Fund to Open

HMRC has announced that the application process for the Future Fund will go live from Wednesday 20th May initially until the end of September 2020. The Future Fund is designed to provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. The key […]

13 May

COVID-19 – Business Support – Self-Employment Income Support Scheme Goes Live Today

HMRC has announced that the application process for the Self-Employment Income Support Scheme will go live from today. The scheme is open to a self-employed individual or a member of a partnership who: traded in the tax year 2018-19 and submitted their Self-Assessment tax return on or before 23rd April 2020 for that year; traded […]

4 May

COVID-19 – Business Support – The Government Announces Additional Funds For The Local Business Grant Funds Schemes To Cover More Businesses

Over the weekend, the government announced that they had been in discussions with local authorities in England to provide additional support for certain small businesses previously outside the scope of the business grant funds scheme through a discretionary fund. This will be via a 5% uplift to the £12.33 billion funding previously announced for the […]