Between 20 March 2020 and 30 June 2020, there was a scheme for the deferral of payment of VAT. In total, £33.5bn has been deferred. Businesses that deferred had three options: Pay in full by 31 March 2021. Join a new payment scheme by 21 June 2021 to spread their repayments. By 30 June 2021, …
HMRC is reminding taxpayers to submit tax relief claims for working from home due to coronavirus during 2021/22 via the easy to use online portal So far this tax year more than 550,000 employed workers have already claimed and are benefitting from the tax relief, which pays £6 a week for home workers. If employed …
Released 06 April 2021 The government-backed recovery loan scheme aimed at providing additional finance to businesses that need it, launched on 6 April 2021. The scheme, which was announced at budget and runs until 31 December 2021, will be administered by the British Business Bank, with loans available through a diverse network of accredited commercial …
The 4th and 5th SEISS grants The government has released more information relating to the 4th grant which will cover the period from February 2021 to April 2021. Eligibility for the 4th and 5th grants will be based on the 2019/2020 tax return as submitted by midnight on Tuesday 2 March and so the grants …
Self-Employment Income Support Scheme (SEISS) grant extension Read More »
New Coronavirus Job Retention Scheme (CJRS) guidance is now available on GOV.UK. To check if you are eligible and to get ready to claim, go to GOV.UK and search ‘Coronavirus Job Retention Scheme’. You can start to apply for CJRS online from Wednesday 11 November – for periods from 1 November. You will need to submit …
Extension to the Coronavirus Job Retention Scheme (CJRS) Read More »
The government has extended the temporary reduced rate of VAT (5%) to tourist attractions and goods and services supplied by the hospitality sector. This relief came into effect on 15 July 2020 and will now end on 31 March 2021 across the UK.
The government is continuing its support for millions of self-employed individuals by extending the Self-Employment Income Support Scheme (SEISS) grant. Self-employed individuals and members of partnerships who are eligible for the SEISS and are actively continuing trading but are experiencing reduced demand due to coronavirus (COVID-19), will be eligible for a further SEISS grant to …
Frrom 15 July until 12 January 2021, the UK government will cut VAT from 20% to 5% on any eat-in or hot takeaway food and drinks from restaurants, cafes and pubs, excluding alcohol. This VAT reduction also applies to all holiday accommodation in hotels, B&Bs, campsites and caravan sites, as well as attractions like cinemas, …
Job Retention Bonus is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31 January 2021. The bonus will provide additional support to retain employees. To be eligible, employees will need to: earn at least £520 per month (above …
The PRS Landlord (non-business) Covid-19 Loan will provide short-term support for landlords where tenants are having difficulty paying rent as a result of the impacts of Covid-19. Landlords should be engaging with their tenants to manage these difficulties and this loan is intended to support them to do this. The interest free loan is available …
Private Rent Sector Landlord Covid-19 Loan Scheme (Scottish Government) Read More »
