Workplace reopening checklist

Workplace reopening checklist

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 checklistNon-essential retail Personal care facilities Indoor sports and leisure…

HMRC task force for COVID frauds

HMRC task force for COVID frauds

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…

Super deduction Capital Allowance

Super deduction Capital Allowance

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%

Company tax to rise to 25%

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

Bounce back loan further relief

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

Recovery Loan Scheme

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

Budget 2021-22

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…

Advisory fuel rates

Advisory Fuel rates AFR March 2021

Advisory Fuel Rates (AFR) – March 2021 Table of Contents Overview of Advisory Fuel Rates (AFR) HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2021, increasing mileage rates for 1400-2000cc petrol vehicles by 1p per mile. The advisory fuel rates that apply from 1 March 2021 have…

VAT Deferral New Payment Scheme

VAT Deferral New Payment Scheme

What to expect in Budget 2021? Table of Contents What to expect in Budget 2021? On 3rd March, Chancellor Rishi Sunak is set to deliver the government’s Budget for 2021, which is expected to set out further plans to help the British economy. Chancellor Sunak said, “I know how incredibly tough the past year has…

What to expect in Budget 2021

What to expect in Budget 2021?

What to expect in Budget 2021? Table of Contents What to expect in Budget 2021? On 3rd March, Chancellor Rishi Sunak is set to deliver the government’s Budget for 2021, which is expected to set out further plans to help the British economy.   Chancellor Sunak said, “I know how incredibly tough the past year…