On the 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis. Under the scheme the government will pay self-employed people a taxable grant based on an average of their earnings over the past three years. The grant will cover up to 80% of earnings… Continue reading Chancellor unveils help for self-employed workers
Month: March 2020
COVID-19: Measures for UK businesses
The coronavirus (COVID-19) pandemic that began in China and spread rapidly around the globe has caused major disruption to businesses and economies worldwide. The UK government has responded to COVID-19 with measures aimed at delaying its spread and mitigating damage to the economy with a substantial stimulus package. Chancellor Rishi Sunak has set out a package… Continue reading COVID-19: Measures for UK businesses
Coronavirus and Your Business
You can’t have escaped the news that coronavirus is here. The situation is fast moving and guidance is constantly changing. We previously blogged that the Prime Minister, Boris Johnson, had announced that Statutory Sick Pay (SSP) would be payable to employees from day 1 rather than day 4 of absence. The budget of 11 March… Continue reading Coronavirus and Your Business
Budget 2020 – 5 Changes That May Affect Your Business
On 11 March 2020 the new Chancellor, Rishi Sunak, presented his first Budget, just a month into the job. It was always going to be a challenge for him to prepare for the budget in such a short space of time and this wasn’t made any easier for him with the rapidly changing situation with… Continue reading Budget 2020 – 5 Changes That May Affect Your Business
Coronavirus measure: Statutory Sick Pay from day one
The Prime Minister, Boris Johnson, has announced that employees will be entitled to Statutory Sick Pay (SSP) from day one when self-isolating rather than having to wait until day four under the SSP waiting days rules. The change will be included in a package of measures, to be introduced by emergency legislation, to deal with… Continue reading Coronavirus measure: Statutory Sick Pay from day one
Capital gains fall-out for couples and family homes
Married and divorcing couples, including civil partners, should be alert to change to the capital gains tax (CGT) rules on private residence relief. Divorcing couples Tax is never at the top of the agenda when a relationship ends, yet the tax consequences can be far-reaching. A jointly-owned family home is often the most important asset… Continue reading Capital gains fall-out for couples and family homes