UK Government Start A Ban on Plastic Straws, Stirrers and Cotton Buds
The ban on supplying plastic straws and stirrers and plastic-stemmed cotton buds has come into force in England today (Thursday 1 October), marking yet another major step in the Government’s fight against single-use plastic waste to protect our environment and clean up our oceans. Just one month after ministers confirmed the single-use plastic bag charge […]
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 […]
Introduction of amnesty period for incorrectly claimed COVID-19 Government Support
The recent COVID-19 situation has been a very challenging time and Government support, most specifically the introduction of the Coronavirus Job Retention Scheme and the Self-Employed Income Support Scheme payments have been valuable for many affected companies and individuals. HMRC have become aware, however, that a number of businesses have made claims to receive support […]
Xero ready for the new VAT rates
Last week the chancellor announced a temporary cut in the VAT rate for certain supplies in the hospitality and tourism sector with the standard 20% rate is being reduced to 5% from 15 July 2020 until 12 January 2021. We’re pleased to say that Xero’s got the capabilities to apply these changes in product. The […]
Council discretionary business grants still available
Wigan Council have announced that there is still money left in their discretionary grant pot to support the borough’s businesses through the Covid-19 pandemic. More than 71 per cent of the small business grant scheme has now been allocated along with 50 per cent of the discretionary business grant. The Council have said they are […]
Chancellor Announces Plans to Boost the Economy in the Wake of Covid-19
The Chancellor, Rishi Sunak, has announced a wide-ranging package of measures to try to boost the shrinking economy and save jobs in his Summer Statement on 8 July. Specific measures announced include: Job Retention Bonus There was no extension to the furlough scheme which is winding down over the next few months and ending on […]
How your Covid-19 claims could affect your R&D tax credits
We are expecting HMRC to challenge future claims for Research and Development tax credits on the basis of claims made under the various Covid-19 support schemes. This is because subsidies and grants will affect eligibility for R&D tax credit claims. RDP has reviewed the main COVID-19 government assistance programmes and commented on this below. The […]
Capital Gains Tax: Reporting and payment periods shortened
Important changes to the deadlines for filing and paying CGT on the disposal of UK property Few property transactions are proceeding at the moment but anyone selling UK residential property needs to be aware that CGT due should now be reported and paid within 30 days of completion. The new obligation applies to UK residential […]
Vat deferral period ends soon
During the Covid 19 pandemic, HMRC has allowed VAT registered businesses to defer the payment of any VAT which fell due between 20th March and 30th June without incurring any interest or penalties. This period is now almost at an end and VAT due for periods ended on 31st May will need to be paid […]
