Supreme Court Tells Insurance Companies To Pay Claims Over Covid
Thousands of businesses are to receive payouts for losses from the covid-19 pandemic after the Supreme court has set out when insurance claims should be paid. The Supreme court has upheld the arguments that have been made by the financial regulator and dismissed those of the insurance industry. The result of this will be millions […]
No Fine If Covid Makes You Miss Your Tax Return Deadline
You will no longer be fined for filing your tax return late if your business has been affected by coronavirus. These new rules will benefit millions of workers and will alleviate some pressure off many individuals. Those affected businesses that will not be able to file their tax returns by 31 January will be able […]
The Chancellor announces £4.6 billion in new lockdown grants to support businesses and protect jobs.
Following news last night (4 January) that the UK will be placed in another national lockdown, the government have announced that they will be offering new lockdown grants to support businesses and protect jobs over the coming months. Businesses across the country in the leisure, retail and hospitality industries have been forced to close […]
HMRC reject calls to relax tax return deadline
HMRC has rejected calls from professional bodies to relax the self assessment filing deadline. Penalty notices will be issued as usual to all who file late but more time will be allowed to appeal. The Institute of Accountants in England and Wales (ICAEW) have reported that many accountancy practices have made contact with them in […]
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 […]
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 […]
The Job Retention Bonus
The Job Retention Bonus Make sure your employees are paid the minimum income threshold to be eligible for the £1,000 Job Retention Bonus. For employers to claim the £1,000 Job Retention Bonus for each employee that is still employed since being furloughed, they must be paid at least £1,560 of taxable pay in […]
SEISS Grant Extension
Self-Employment Income Support Scheme Grant Extension Following the new Job Support Scheme, the British Government want to ensure that they are providing the same level of support to self-employed individuals as is being provided to employees. As such, they have extended the Self-Employed Income Support Scheme (SEISS) by 6 months from November. Who Can Claim? […]
COVID-19: Chancellor announces ‘Winter Measures’ support package
Rishi Sunak has today announced his ‘Winter Measures’ support package to help businesses, employees and individuals through the ongoing troubles of the global COVID-19 pandemic. The Chancellor announced a package of measures that includes a new Jobs Support Scheme, extending the Self Employment Income Support Scheme and 15% VAT cut for the hospitality and tourism […]
Eat out to help out scheme details
The government has launched its latest scheme to support the struggling hospitality sector on 3 August, based on the initial uptake it has proved to be popular with the scheme being used more than 10.5 million times in the first week. The scheme has already had an impact on the high street with data recorded […]
