HMRC are introducing changes to the way that businesses account for VAT on construction services commencing on 1 March 2021. These changes were originally due… Read More »VAT Domestic Reverse Charge for Construction services
As the third Covid-19 lockdown took effect on 6 January 2021, the Chancellor announced a further £4.6 billion in grants to the retail, hospitality and… Read More »Covid-19 Financial Support Update January 2021
We are delighted to attach our summary of the key announcements in the Chancellor’s Winter Economy Plan on 24 September 2020. In his statement, Rishi Sunak announced the next stage… Read More »The Chancellor’s 2020 Winter Economy Plan
We are delighted to attach our summary of the key announcements in the Chancellor’s Summer Statement on 8 July 2020. Mr Sunak emphasised that we… Read More »The Chancellor’s 2020 Summer Statement
Corporate Governance and Insolvency Bill – on Wednesday 20 May the UK Government introduced the Corporate Governance and Insolvency Bill in Parliament, putting in place… Read More »Additional Updates
An undoubted success during last month was the introduction of BBLs which were available from Monday 4 May. In fact, demand for these loans was… Read More »Bounce Back Loans (BBLs)
It is important to note that the scheme will close to new entrants from 30 June. From this point onwards, employers will only be able to… Read More »Important dates
The Chancellor also announced plans to extend the SEISS for those people whose trade continues to be, or is newly, adversely affected by Covid-19. Eligible… Read More »Self-Employment Income Support Scheme (SEISS)
From 1 August the government grant provided through the job retention scheme will be slowly tapered. in June and July, the government will pay 80% of wages up… Read More »Employer contributions
As promised Rishi Sunak made a major announcement regarding the CJRS on Friday 29 May, the objective of which was to extend and taper the… Read More »Coronavirus Job Retention Scheme (CJRS)