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Practice News

Reduced Rate VAT on Admission Charges to Attractions

Posted 09/07/2020 A new temporary reduced rate of VAT of 5% was announced on 8 July 2020 for admission to certain attractions. This temporary rate will apply from 15 July 2020 to 12 January 2021. Who this applies to This applies to businesses that make supplies of admissions that are currently taxable at the standard…Read More

Reduced Rate VAT for Hospitality, Holiday Accommodation and Attractions

Posted 09/07/2020 The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: hospitality hotel and holiday accommodation admissions to certain attractions The temporary reduced rate will apply to supplies that are made between 15 July 2020 and 12…Read More

Register your Establishment for the Eat Out to Help Out Scheme

Posted 09/07/2020 It has been announced that you can register your establishment for the Eat Out to Help Out Scheme from 13th July 2020, with registration closing on 31st August 2020. You can register if your establishment: sells food for immediate consumption on the premises provides its own dining area or shares a dining area…Read More

Chancellors Summer Statement

Posted 08/07/2020 The Chancellor has made his announcement today and revealed the plans to save jobs and boost the UK’s economic recovery. The points are summarised below: Stamp Duty Reduction From today until 31 March 2021, buyers will pay no Stamp Duty on the first £500k when they move home This will apply until 31…Read More

UK Rules That Have Been Relaxed to Help Businesses During the Coronavirus Pandemic

Posted 29/06/2020 The Department for Business, Energy & Industrial Strategy have published a list of the rules that have been temporarily relaxed to make it easier for businesses to continue working through the disruption caused by coronavirus (COVID-19). The government has temporarily relaxed the rules in the following areas: Annual leave: Workers will be allowed…Read More

Working Safely During Coronavirus – Government Guidance for Specific Business Sectors

Posted 26/06/2020 The Government have provided guidance, broken down into different business sectors, to help employers, employees and the self-employed understand how to work safely during the coronavirus pandemic. The guidance is being updated as new announcements are made, so it is worth checking back for further information. For full Government Guidance please see…Read More

Cheshire East Discretionary Grant – Second Phase Now Open for Applications

Posted 26/06/2020 Cheshire East Council has launched the second phase of the local discretionary grant scheme, which opened for applications this morning. The deadline for applications is 8am on the 10th July 2020.  The first phase received over 450 applications from small business which are currently being assessed. The local discretionary grant is aimed at…Read More

Self-Employed Income Support Scheme Lifeline for New Parents

Posted 19/06/2020 Self-employed parents whose trading profits dipped in 2018/19 because they took time out to have children will be able to claim for a payment under the self-employed income support scheme (SEISS), the government has announced. The scheme requires claimants to have traded in 2018/19 with their profits making up at least half of…Read More

Dairy Response Fund 2020 Now Open for Applications

Posted 19/06/2020 With some dairy farmers facing financial difficulties and excess milk, the new fund will provide support for those most in need. Eligible dairy farmers will be entitled to up to £10,000 each, to cover 70% of their lost income during April and May to ensure they can continue to operate and sustain production…Read More

Do You Need to Reinstate Your VAT Direct Debit?

Posted 18/06/2020 The VAT payment calculated for your May quarter end will not be eligible for the payment deferral and will need to be paid by the normal deadline. The last day for HMRC to receive cleared funds will be 30th June if you pay by cheque, 7th July if you pay by other methods,…Read More

The Self-Employment Income Support Scheme has been Extended

Posted 15/06/2020 This scheme has been extended, and you will be able to claim a second and final grant in August 2020. Your eligibility will be worked out in the same way as the first grant. If you make a claim for the second grant you will have to confirm your business has been adversely affected…Read More

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