by Paul Whyatt | Nov 26, 2020 | News, Personal Tax, Taxation
For a long time, it’s been possible for employers to treat their employees to a Christmas party or other annual function (e.g. Summer BBQ), without the employee being subject to tax on the value of the benefit. Given COVID, holding a Christmas party at a pub,...
by Paul Whyatt | Nov 9, 2020 | Business Advice, News
The CJRS, known as the Furlough scheme, will now continue until 31 March 2021. As a result, the Job Support Scheme (JSS), which was due to start on 1 November 2020, has been postponed. Also, the Job Retention Bonus, which was due to be paid in February 2021, has...
by Paul Whyatt | Nov 9, 2020 | News, Personal Tax
On 5 November, the Chancellor announced more changes to the third SEISS grant. The third grant will now be given at 80% of average profits capped at £7,500 for the whole 3- month period between 1 November 2020 and 31 January 2021. It will be paid in a single...
by Paul Whyatt | Nov 9, 2020 | Business Advice, News
Where businesses in England have been forced by law to close due to COVID, they will be able to apply for a support grant from their English local authority. The grants are available from 1 November. The grant will be based on the rateable value of their...
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...
