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, […]
£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 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 […]
New Government Coronavirus Scheme to Pay Up to Half of Wages
Today 22 October, Rishi Sunak has announced big changes to the Job Support Scheme (JSS) which has been set to replace the Furlough scheme in November. This has occurred due to many businesses being forced to shut in Tier 2 and Tier 3 areas. However, the Chancellor also expressed that many businesses which are not […]
HMRC opens portal for Working From Home expenses claims
The rise of coronavirus has resulted in businesses adapting to working from home, with many discovering that it can be just as effective as being in the office. Social distancing measures have resulted in many workplaces doing a rotational basis, where staff do part of the week in the office and the rest at home. […]
NR Barton Raise £200 for Macmillan Cancer Support
The team here at NR Barton are delighted to announce that through our socially distanced coffee morning, we were able to raise a total of £200 for Macmillan Cancer Support. The morning of 29 September 2020, the team generously baked and bought cakes to bring to the event (see featured pictures). Some of the home-made […]
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? […]
