NR Barton Christmas Appeal
2020 has undoubtedly been a very difficult year for people, businesses, and the economy. However, as we are approaching the Christmas season, it is important that we continue to make a positive impact in the local community, despite all the doom and gloom brought upon us by the COVID-19 pandemic. As such, here at NR […]
Self-Employment Income Support Scheme (SEISS) Grant Extension: Third Grant Available Soon
Article published on 26/11/2020 In light of recent decisions to put the UK into a 3-tiered lockdown system once again, the UK government are extending the SEISS so that a third grant will be available soon. The third SEISS will be made available to self-employed people who’s business have been affected by coronavirus (COVID-19). If […]
Rishi Sunak Releases the Main Points From the 2020 Spending Review
Rishi Sunak says the spending review comes as the coronavirus health emergency is not over and the economic emergency has only just begun. The Chancellor has said he will prioritise jobs, businesses and public services. He reported that the Government is spending £280bn to get the country through Covid-19. Next year, the government will allocate […]
Job Retention Scheme (CJRS) – Notice Periods
HM Treasury has confirmed that statutory and contractual notice periods will not be covered by the Coronavirus Job Retention Scheme from 1 December and that details of future claims will be published online. For claim periods starting on or after 1 December, employers cannot claim for any days between 1 December and 31 January 2021, […]
Are You Ready For New Rules For Business With The EU?
Published: 17/11/2020 Urgent message from the business secretary: “There is just over a month to go until the end of the transition period and there will be new rules to follow from 1 January 2021 onwards. As Business Secretary, as business secretary, I urge you to act now to avoid your business operations being interrupted […]
£1Million Annual Investment Allowance Extended
The Government have shared some good news that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022. Businesses, including manufacturing firms, can continue to claim up to £1 million in same-year tax relief […]
Companies House Are No Longer Sending Paper Reminders
Limited Companies (LTDs) and LLPs are usually sent paper reminders during the year. This is typically to file your accounts and to submit the Confirmation Statement on time. Companies House have announced that they will no longer be sending paper reminders by post; paper reminders cost Companies House a staggering £1.2 million last year, the […]
Changes To The Annual Investment Allowance
The Annual Investment Allowance (“AIA”) was increased temporarily to £1,000,000 from 1 January 2019 but the intention is this will revert to just £200,000 from 1 January 2021. The Annual Investment Allowance entitles businesses to a 100% deduction against profits for the cost of purchasing capital equipment / plant and machinery in the year of […]
Furlough extended until March 2021
The Coronavirus Job Retention Scheme (CJRS) is being extended until 31st March 2021. This is what we know so far before the full guidance is published on 10th November: The scheme rules are predominantly the same with a few revisions. Employees will receive 80% of their usual salary for any unworked hours for claims running […]
Furlough Scheme Extended & Further Economic Support Announced
In light of the 4 week National Lockdown in England, the Coronavirus Job Retention Scheme has been extended for a month with employees receiving 80% of their current salary for hours not worked and further economic support has also been announced. The Prime Minister announced that the government’s Coronavirus Job Retention Scheme (CJRS) – also […]
