The government's Coronavirus Job Retention Scheme went live on 20 April after Chancellor Rishi Sunak extended it until the end of June. The scheme allows businesses to furlough their employees, with the government paying 80% of their wages up to a maximum of £2,500. HMRC has emailed two million employers providing a link to a… Continue reading Coronavirus Job Retention Scheme goes live as it is extended to end of June
The government's Coronavirus Business Interruption Loan Scheme went live for applications on 23 March 2020. In the Budget, the Chancellor announced the implementation of the scheme, which will support the continued provision of finance to UK small and medium-sized (SME) businesses during the COVID-19 outbreak. Delivered by the British Business Bank, the scheme will temporarily… Continue reading Coronavirus Business Interruption Loan Scheme goes live
We are all homeworking & providing all our usual services. Areas where we are seeing an increased need for help; 1. Preparation of forecasts & loan applications. These are needed to assist businesses with cash requirements over the next few months .They are required to support business interruption loan applications which we are assisting with… Continue reading Business as usual, we are here to help.
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
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
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
The Government has announced the largest increase since the National Living Wage was introduced two decades ago. The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. From 1 April 2020 the NLW will rise from the current rate of £8.21 to £8.72 an… Continue reading Minimum wage rates announced
Former BBC presenter Christa Ackroyd has lost her appeal against a ruling that she was an employee, not a freelance contractor, when she worked for the BBC via a personal service company. The IR35 rules in broad terms mean that those working via a personal service company have to consider whether, if the services were… Continue reading Christa Ackroyd loses IR35 appeal
With less than 100 days until the self assessment tax return deadline of 31 January 2020, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. HMRC report that last year more than 2,000 people submitted their tax returns on Christmas Day. Taxpayers should consider submitting their… Continue reading HMRC countdown: file your tax return
Big benefits are coming from 6th April 2020 for company car drivers choosing a pure electric vehicle – there will be NO benefit in kind and so NO income tax on the car or fuel to pay in 2020/21 ! This is as a result of the changes to company car tax rates announced for… Continue reading Time to switch to an Electric Company Car ?