Businesses that deferred VAT payments due between 20 March and 30 June 2020, and cannot afford to pay by 31 March 2021, have the option of joining a new scheme allowing them to pay the…
Businesses prepare for long term tax hike
The 3 March Budget provided an immediate sweetener for businesses in the form of a temporary extension to carry back of trading losses, plus, for companies only, a temporary super-deduction for investment in plant and…
Covid-19 relief measures extended again
The latest, and hopefully last, lockdown is not due to be completely lifted until at least 21 June, so it was no surprise to see Covid-19 relief measures extended in the Budget on 3 March.…
What Financial Lessons Have We Learnt From The Pandemic?
Hard to believe, but we are on the threshold of the second year of the Covid-19 pandemic. The World Health Organisation declared Covid-19 a pandemic on 11 March 2020, coincidentally the day that Chancellor Rishi…
Update on Covid-19 support for businesses
More support is available to help businesses in this latest lockdown, expected to last until at least 8 March. Keep up to date with, and claim, any support that your business is entitled to so…
Is A Wealth Tax A Viable Option for The Chancellor?
The Wealth Tax Commission, an independent body of tax experts, has set out the framework for a one-off wealth tax. Will the Chancellor be tempted to adopt this? In his November [2020] statement, in which…
Update on new measures for Covid business support
Admittedly, this is coming to you a little later than planned, but hopefully, this blog will provide some useful insight into the measures introduced following the announcement on January 5th of the current national lockdown…
Lockdown 3.0 – What To Expect
As the third Covid-19 lockdown took effect on 5 January 2021, the Chancellor announced a further £4.6 billion in grants to the retail, hospitality and leisure sectors. This new round of support follows extensions to…
Tougher criteria for third SEISS grant
Applications for the third Self-Employment Income Support Scheme (SEISS) grant opened from 30 November, and you have until 29 January 2021 to make a claim. Be warned, however, that some of the conditions for this…
Surviving Winter In the Midst of A Pandemic
A recent survey of small businesses has revealed that only a quarter of them are confident of their survival into 2021, with many worried about cash flow. Those businesses that took out Bounce Back Loans…