What are Wealth Tax recommendations? Table of Contents Wealth Tax – Introduction A 1% Wealth tax per year tax rate could be imposed for five years on wealth of more than £1m per two-person household, the Wealth Tax Commission said in its “Final Report”, published on Wednesday, the 9th December 2020. That would be equivalent…
Changes to IR35 Rule IR35 Rule changes Find below frequent questions on changes to IR35 rule What is IR35? In April 2000, anti-avoidance legislation was introduced and IR35 was the number of press release. The idea was to tackle the avoidance of tax and National Insurance by individuals providing their services via a PSC (Personal…
Council Grant Funding Table of Contents Overview As of last Friday, November 13, money is being transferred to councils in England and businesses can expect to receive funds covering the 4-week period of national restrictions in the coming days and should check their council’s website for details. Small businesses in England will receive a significant £2.2bn…
Northern Ireland Protocol Table of Contents Northern Ireland Protocol: Overview The Northern Ireland protocol is coming into effect from 1st January 2021. This means that there will be changes to the way goods move between Great Britain and Northern Ireland. One of the changes you need to prepare for is the requirement to submit declarations.…
Kickstart job scheme Table of Contents Kickstart job scheme: Current status Kickstart Jobs Scheme creates 19,000 work placementsDid you know thousands of new opportunities have been created throughout the UK? Find out how you can apply for a Kickstart employer grant. A government jobs scheme for young people has helped to create more than 19,000…
Furlough JRS update Table of Contents Furlough JRS Guidance Update Employers can now claim under the CJRS extension. Find out what you can claim for, the latest guidance and more.Employers across the UK can claim whether their businesses are open or closed. How employers can claim under the CJRS extension The extended CJRS will operate…
Furlough & Self Employed Grant extension Chancellor’s statement announced today (5 November 2020). We’ve covered the Chancellor’s statement regarding important updates to the Furlough Scheme, Self employed Grant increase and what this means for businesses – find out here. Today’s statement at a glance: • The Coronavirus Job Retention Scheme is extended until the end…
Business Loan Scheme extended Treasury extends UK emergency business loan schemes – find out how this can benefit your business More businesses will be able to access additional support as application deadlines for government-backed loan schemes and the Future Fund have been further extended until January 31, 2021. UK firms will now have until the…
Self Employed Grant Increased Self-employed workers will be able to claim government support worth 80% of trading profits for November as England prepares to head for lockdown. Grants will also be paid faster than previously planned – with the claims window opening at the end of November rather than the middle of December. The move…
Furlough Scheme Extended The Furlough Scheme was due to end and be replaced by the Job Support Scheme on 31st October 2020, having scaled back to cover 60% of salaries during October, but will now keep running until December. Details confirmed by the Chancellor reveal that the scheme will retain the flexible element, but the…
Covid Business Grant Table of Contents Covid Business Grants Find out how much Covid Business grant your business could be entitled to under tiered restrictions. Chancellor Rishi Sunak last week announced additionaI funding to support cash grants for businesses in tier 2 lockdown areas. The additional funding is to allow Local Authorities (LAs) to support…
Businesses call for more government support SMEs call for more Government support Lowering the costs of employer National Insurance contributions has been proposed Here’s what else the Federation of Small Businesses want to see. Businesses are calling for more Government support to stop increasing costs and further alleviate the business rates burden, according to the…
