Restart Grant Scheme Table of Contents Key Points of Restart Grant Scheme The scheme is available from this month and businesses can apply via their local council’s website Eligible non-essential retail businesses can claim a grant of up to £6,000 per premises The scheme is scheduled to come to an end on June 21, 2021,…
Work from home allowance for employees 2021-22 Employed workers can claim working from home allowance for new tax year. Employed workers who were forced to work from home because of the pandemic can now claim the government’s working from home allowance for the 2021/22 tax year How much can you claim for working from home?…
Recovery Loan Scheme opens for businesses Table of Contents Applications are now open for the £75bn Recovery Loan Scheme (RLS), the government’s latest covid-19 support programme, which provides financial support to businesses across the UK as they recover following the coronavirus pandemic What is the Recovery Loan Scheme (RLS)? The recovery loan scheme (RLS) replaced…
4th Self Employed Grant Table of Contents Getting ready to claim Self employed grant You will be able to claim 4th Self employed grant at any time from your personal claim date in late April until 1 June, at the latest. In order to claim, you will need to log in to their Government Gateway account…
Workplace reopening checklist Most businesses and venues will be permitted to re-open from Monday, the 12th April 2021. As businesses prepare for the phased reopening, we have prepared a checklist to ensure shops and workplaces are safe to reopen for customers and staff members. Workplace reopening checklist Non-essential retail Personal care facilities Indoor sports and…
HMRC task force for COVID frauds The government will invest over £100m in a taxpayer protection taskforce of 1,265 HMRC staff to combat the estimated £3.5bn fraudulent claims of Covid-19 support packages. Taskforce: 1,265 members Investment: £100 million (On top of £180m announced earlier for tech & compliance) Possible error & fraud: £3.5 billion Target…
Self Employed Grant extension – 4th & 5th Grant Table of Contents Overview of Self employed SEISS grants The government has released more information relating to the 4th grant which will cover the period from February 2021 to April 2021. Eligibility for the 4th and 5th grants will be based on the 2019/2020 tax return…
Super deduction Capital Allowance Table of Contents Overview of Super deduction Capital Allowance A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets Chancellor Rishi Sunak said: ‘With the lowest corporation tax in the G7, we need to do even more to encourage…
Company tax to rise to 25% Table of Contents Overview of Corporation tax rise The Chancellor plans to raise corporation tax by 6% to a new 25% rate from 2023, raising an additional £22bn in revenues. In April 2023, the rate of corporation tax will increase to 25%, a 6% increase from the current 19%…
Bounce back loan – further relief Table of Contents Overview of Bounce Back loans Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government has announced Bounce Back Loan borrowers will now have the option to tailor payments according to their individual…
Recovery Loan Scheme Table of Contents Overview of Recovery Loan Scheme A new loan scheme to support access to finance for UK business as they grow and recover from the disruption of the Covid-19 pandemic was announced at the Budget on 3 March 2021. The Government announced that the Recovery Loan Scheme, a new debt…
Budget 2021-22 Table of Contents Budget 2021-22 opening remarks Chancellor Rishi Sunak delivered his Budget statement 2021-22 today, extending a range of support measures to get the nation through the worst of the pandemic. Chancellor Sunak said; “We have announced over £280bn of support, protecting jobs, keeping businesses afloat, helping families get by. Despite this…
