by Paul Whyatt | Oct 7, 2020 | Business Advice, News, Taxation
In his recent statement, the Chancellor announced a new jobs support scheme which will start on 1 November. The scheme will run for 6 months and replaces the current Coronavirus Job Retention (‘Furlough’) Scheme, which is due to end on 31 October. The scheme...
by Paul Whyatt | Oct 7, 2020 | News, Personal Tax, Taxation
In his recent statement, the Chancellor announced several VAT and self-assessment tax measures to help taxpayers struggling with cash flow due to COVID-19. Here’s a summary of what he had to say. VAT deferral Businesses which deferred VAT payments due in March to June...
by Paul Whyatt | Oct 7, 2020 | Business Advice, News
Many small businesses have been badly affected by COVID-19. These businesses have been able to apply for 100% Government-backed bank loans worth up to £50,000, and with no interest applied or repayments due in the first 12 months. Over a million loans have...
by Paul Whyatt | Oct 7, 2020 | Business Advice, News, Personal Tax
In his recent statement, the Chancellor announced that the SEISS would be extended for 6 months, from 1 November to the end of April 2021. This means that the scheme is now made up of four grants rather than the original two. If you’re eligible for the scheme...
by Paul Whyatt | Jun 17, 2020 | Business Advice, News, Taxation
Many businesses affected by the current crisis have received financial help from the Small Business Grant Fund (SBGF) and Retail, Hospitality and Leisure Grant Fund (RHLGF). If your business has received such a grant, do you have to pay tax on it? Taxable or...
