We would like to let everyone know that in the light of the current disruption caused by Covid-19, HMRC has announced measures to support individuals who have difficulties settling their personal tax liabilities due on 31 January. Deferral of the late payment surcharge HMRC normally levy a late payment penalty…
The Chancellor yesterday announced new business support measures. These are primarily for those sectors most affected by the drop in consumer confidence following the Omicron outbreak and the government’s implementation of “Plan B”. The majority of the additional business support is targeted to the hospitality, leisure and cultural sectors of…
We are now coming to the end of the government’s principal coronavirus support measures. In addition, a significant change to taxation was announced with a 1.25% increase to employee national insurance, employer national insurance, and income tax on dividends. In further detail: Coronavirus Job Retention Scheme - Furlough This ends…
Following on from our previous emails, the government has now provided detailed guidance on how the extended Coronavirus Job Retention Scheme (furlough scheme) in place since 1st November is to operate. It is in many ways very similar to the scheme as it operated in August, however, there are some…
Self Employment Support Scheme This scheme has been extended for a second and final grant capped at £6,750; please note that grants will need to be claimed directly by you unfortunately agents are not permitted to do this on your behalf. The first grant can only be reclaimed until 12…
The scheme launches today offering small and medium sized businesses a fast tracked loan up to a maximum value of 50k. The loan will be 100% guaranteed by the government with no arrangement fee or interest and capital payments in the first 12 months. Key eligibilities for the loan are…
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