HMRC has announced that self-assessment tax returns for the 2020/21 tax year will contain a question relating to pandemic support as it seeks to recover incorrectly claimed monies. If you are required to complete a self-assessment tax return then you will recently have received a notice reminding you to complete your return for the tax […]
Like every other business in the UK, the Covid pandemic, lockdowns and impact on the economy hit us out of nowhere too. Within hours of the first stay at home notice, we received a number of calls and emails from anxious clients and individuals keen to know how to manage the financial impact of the […]
It seems like a lifetime since the Chancellor first announced a package of support for individuals and businesses that were going to be impacted by the national lockdown back in March of this year. With an ever changing backdrop of restrictions, tiers, lockdowns, initiatives, grants and strategies designed to keep people safe and the economy […]
During the summer a further round of recovery and growth grants were announced by the Government. This latest round of business support funding is targeted at small and medium sized businesses in England providing grants between £1,000 – £5,000 for new equipment, technology and specialist advice to help them recover from the impacts of the […]
It is very difficult to find many positives arising from the Covid pandemic and ever rarer still that HMRC should be seen to be leading the charge on anything, but the increase in digital transaction handling must be the one item that can tick both of these boxes. With the UK workforce, and many overseas […]
In a much anticipated ‘emergency budget’ announcement, The Chancellor set out a series of targeted measures to boost aspects of the economy, struggling in a post Covid environment. Whilst it is expected that some sectors will not be able to recover for some months yet due to the continued need for social distancing, Rishi Sunak […]
At the summer statement on Wednesday 8 July 2020, the Chancellor announced a handful of measures that he felt would help create jobs and mitigate the formal end to the furlough scheme. Before announcing the measures, Mr Sunak made it clear that the Jobs Retention Scheme could not and should not go on forever, even […]
The Job Retention Scheme has been set up to help pay people’s wages. Any employer in the country (small or large, including charitable or non-profit) will be eligible for the scheme. The scheme makes regular references to ‘Furloughing‘ employees, a largely unheard-of term now the ‘F’ word of choice around the country. But what does […]