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Practice News

Job Retention Bonus

Posted 06/10/2020 The Job Retention Bonus is a £1,000 one-off taxable payment to the employer for each eligible employee that have been furloughed and kept continuously employed until 31 January 2021. You will be able to claim the bonus between 15 February 2021 and 31 March 2021. You do not have to pay this money…Read More

Deferral of VAT Payments Due to Coronavirus (COVID-19)

Posted 06/10/2020 Businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March 2021, HMRC have confirmed businesses can make smaller payments up to the end of March 2022,…Read More

Job Support Scheme

Posted 06/10/2020 What is it? The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce. The company will continue to pay its employee for time worked, but the Government will pay a…Read More

Self-Employment Income Support Scheme (SEISS) Grant Extension

Posted 06/10/2020 The grant will be limited to self-employed individuals who are currently eligible for the SEISS and are actively continuing to trade but are facing reduced demand due to COVID-19. The extension will provide two grants and will last for six months from November 2020 to April 2021. Grants will be paid in two…Read More

Enhanced Payment Plans for Self-Assessment Tax – Time to Pay

Posted 06/10/2020 Self-Assessment customers can now apply online to help spread the cost of their tax bill into monthly payments, up to a maximum of 12 months from 1 February 2021, without the need to call HM Revenue and Customs (HMRC). If you cannot afford to pay your latest tax bill in full, you can…Read More

Local Restrictions Support Grant (LRSG)

Posted 05/10/2020 The LRSG is a grant paid to businesses that provide in-person services and have been required to close because of lockdown. A business is eligible if it pays business rates on its property, has been required to close because of formal restrictions on or after 9 September for a period of at least…Read More

Chancellor’s update

Posted 24/09/2020 New job support scheme A new Job Support Scheme will be introduced from 1 November for a duration of 6 months. Employers will still pay the wages of staff for the hours they work, however for the hours not worked the government and the employer will each pay one third of the equivalent…Read More

The Kickstart Scheme is now open for Applications

Posted 09/09/2020 The Department of Work and Pensions (DWP) has launched the Kickstart Scheme, designed to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment. The Scheme is designed to create hundreds of thousands of new, fully subsidised jobs for young people across the…Read More

Do You Want to Hire an Apprentice? – Incentives Are now Being Offered

Posted 21/08/2020 If you are thinking about hiring an employee, you may find that hiring an apprentice is a cost-effective solution. As part of the Government’s plans to Kick start the economy, an incentive payment is being offered. Employers in England will receive an incentive of £2,000 for each new apprentice aged 16-24 and £1,500…Read More

Second Stage of Self Employment Income Support Scheme (SEISS) Opens Today

Posted 17/08/2020 The eligibility criteria for the second grant is exactly the same as the first grant – so self-employed people who were eligible for the first SEISS grant will be eligible for the second grant, so long as their business has been adversely affected since 14‌‌ July 2020.  This typically means a business has…Read More

Green Homes Grant Details Announced

Posted 05/08/2020 Builders, plumbers, and other tradespeople across England will need a government-backed seal of approval to provide their services as part of the new £2 billion Green Homes Grant going live at the end of September. The new scheme will see the government fund up to two-thirds of the cost of home improvements of…Read More

Customs Intermediary Grant Scheme

Posted 04/08/2020 If your business completes customs declarations, you are eligible to apply for grants to get funding for recruitment, training and IT improvements. For details of: who is eligible to apply what you must use the grants for amounts of funding available the tools you need ways to apply the process once you have…Read More

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