Further to our last blog post here is some more detailed information about the job support scheme that will start on November 1st. The JSS scheme originally announced in September has been made more generous to support businesses legally forced to close their premises as a direct result of Coronavirus restrictions imposed by one of […]
Job Support Scheme – Latest Updates Read More »
The government today announced it will increase the amounts and reach of its winter support schemes. In recognition of the challenging times ahead, the Chancellor said he would be increasing support through the existing Job Support and self-employed schemes and expanding business grants to support companies in high-alert level areas. H M Treasury states
Plan For Jobs: Latest Government Update Read More »
On 24 September 2020, the Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March 2021, HMRC have confirmed businesses can make smaller payments up
Corona Vat Deferral Update Read More »
In some good news for beleaguered hospitality businesses the Chancellor has announced extra support which will apply to businesses here in Scotland that are forced to close by local lockdowns. The government news release states: “The government’s Job Support Scheme (JSS) will be expanded to protect jobs and support businesses required to close their doors
Expansion of UK Government Job Support Scheme Read More »
There is currently a zero P11d benefit for the drivers of electric cars in 2020/21. The legislation for this change is included in Finance Act 2020 which also states that the benefit will be 1% of list price in 2021/22 and then 2% in 2022/23. Hybrid cars zero taxable benefit The zero taxable benefit also
Considering An Electric Company Car? Read More »
Chancellor Rishi Sunak has outlined a series of measures to support jobs and the economy over the next six months. Here we provide an overview of the five new initiatives with a brief explanation. Please pass it on to your clients as you see fit. 1. New Job Support Scheme With the current furlough scheme
The Winter Economy Plan. Explained. Read More »
Company Vans vs Company Cars It is usually beneficial for tax purposes that a vehicle in a business is classified as a commercial vehicle rather than a car. A new court ruling is not good news for people who run dual purpose vehicles. The Court of Appeal have now ruled on the tax status of
New Court Ruling on Company Vans vs Company Cars Read More »
The CJRS grant claim changes again on the 1st of September. Please talk to us if you would like us to help estimate your claim. From 1 September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. You will still need
September Changes To Furlough Scheme Read More »
Corona Information For Businesses as at 27th March 2020 Job Retention Scheme Employers can claim a grant of up to 80% of salaries of employees who would have been laid off during this crisis. This is subject to a cap of £2,500 per month plus the associated Employer National Insurance contributions and minimum automatic enrolment
Corona Update 27th March 2020 Read More »
It is a long established practice that small businesses who are structured as a Limited Company might pay themselves a small salary and dividends to potentially save tax. However in the run up to this tax year there have been multiple legislative changes that have affected the most tax efficient way of doing this. So
2019/20 Salary Dividend Planning – Save Tax ! Read More »
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