As part of the UK Government’s response to coronavirus some self-assessment and VAT payments during 2020 were deferred until 2021. If you have taken advantage of deferrals, now’s the time to consider how and when you will pay these liabilities. Self-Assessment Self-assessment taxpayers had the option to defer their 2019/20 2nd payment on account, due…Read More
Applications for the third SEISS grant opened on 30 November 2020 (on a staged basis) and can be claimed through individual Government Gateway accounts as with the first two grant claims. All applications must be made by 29 January 2021. If you are eligible, you’ll receive a grant worth of 80% of 3 months’ worth…Read More
The South East Midlands Kickstart Grant scheme is reopening for applications. Following the first round of applications which closed within hours of opening there are a small number of grants available. The scheme is set up to help local businesses to access external expertise, consultancy support or equipment through grants of £1,000 to £3,000, to help…Read More
Following a turbulent week of announcements, updates and changes resulting from the ongoing pandemic, the UK Government announced on Thursday 5th November additional, more generous changes to the Coronavirus Job Retention Scheme and the Self-Employment Income Support Scheme. Our emails from earlier in the week are now out of date in respect of these schemes. …Read More
Ahead of the second national lockdown starting Thursday 5th November the UK Government have updated their guidance for some financial support measures. The updates are intended to provide additional support to businesses and business owners due to the extra restrictions. Updates have been issued for the Self-Employment Income Support Scheme and the various government backed…Read More
The UK Government announced a new national lockdown in England from Thursday 5th November that is due to run until Wednesday 2nd December. As part of this announcement further financial support measures have been put in place. Unfortunately, our automated email sent out Monday morning was produced ahead of the weekend announcement. Some information included…Read More
The Coronavirus Job Retention Scheme (CJRS) will end on 31 October 2020 and is being replaced with the Job Support Scheme (JSS) on 1 November. The JSS will run for at least 6 months to 30 April 2021 and the Government will review the terms of the scheme in January 2021. The CJRS was designed…Read More
IMPORTANT DEADLINE Individuals who are self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) can potentially claim grants under the Self-Employment Income Support Scheme. The deadline for claiming the second grant under this scheme is TODAY (19 October 2020). Individuals who are eligible to make a claim and have…Read More
The Coronavirus Job Retention Scheme (CJRS) runs until 31 October 2020 and is then replaced by the Job Support Scheme. From 1 August employers could no longer claim back Employers National Insurance and Employer Pension Contributions paid for furloughed employees. From the 1 September employers could only claim 70% of usual wages capped at £2,187.50 per…Read More
Following the new COVID-19 restrictions Boris Johnson put in place earlier this week, yesterday, (Thursday 24th September), Rishi Sunak, the UK Chancellor of the Exchequer, cancelled this year’s Budget and announced a number of new financial measures designed to mitigate the impact of the COVID-19 pandemic over the winter period. The Winter Economy Plan…Read More
As part of the ongoing support for businesses affected by COVID-19, £20 million in new grants to boost recovery of small businesses was announced by the UK Government at the end of July (see our initial blog here). These new grants are starting to be rolled out from this month. The funding has been allocated to…Read More
The Coronavirus Job Retention Scheme (CJRS) runs until 31 October 2020, with staged decreases in the claims that can be made. From the 1 August employers could no longer claim back Employers National Insurance and Employer Pension Contributions paid for furloughed employees. The next change happens on 1 September. From 1 September CJRS will pay 70%…Read More
From 17 August the Self-Employment Income Support Scheme will open for claims for a second and final grant. You will be able to claim at any time from 17 August until the scheme closes on 19 October. You will not be able to access the service online or over the phone before this date. The…Read More
On 8 July 2020 Chancellor of the Exchequer, Rishi Sunak, announced the Job Retention Bonus. The Job Retention Bonus is a one-off payment to employers of £1,000 for every employee who they previously claimed for under the Coronavirus Job Retention Scheme (CJRS), and who remains continuously employed through to 31 January 2021. Details about the…Read More
As part of the Government’s continuing appraisal of the impact of COVID-19, the Minister for Regional Growth and Local Government, Simon Clarke MP, has announced £20 million of new funding to help businesses across England get back on track. Small and medium sized businesses will have access to grants of between £1,000 – £5,000. These…Read More
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