The government has announced a major change to the coronavirus job retention scheme (CJRS), moving the cut-off date from 28 February to 19 March. To qualify for the grant, the employer must now have created and started a PAYE payroll scheme on or before 19 March 2020. This will mean many more employees will now
HMRC has published further guidance on the SEISS, including details of how to work out total income and trading profits. There is also more detail on how to make a claim, eligibility and the interaction between the scheme and universal credit, as well as additional support on how to calculate profits and total income. HMRC
Between Spring Budget 2020 on 11 March and Friday 20 March the Government announced a series of measures designed to counter the threat posed to the UK economy by the outbreak of the coronavirus that causes the respiratory disease COVID-19. This post summarises all measures so far announced and provides up-to-date information on how you
Communicating COVID-19: key business support announcements from the Government Read More »
Below is a summary of the packages announced by the Chancellor on Friday. As noted by a number of clients there was no help for the self-employed. I would not be surprised if we hear further announcements this week on this. The key concern I hear from clients is how quickly companies will be able to access
Summary of Packages Announced Read More »
As of 1 September 2017, advisory fuel rates have changed for employees’ usage of company cars. The following rates now apply, while previous rates can be used for up to 1 month after the new rates are introduced. Engine size Petrol – amount per mile LPG – amount per mile 1400cc or less 11p 7p
Advisory fuel rates change Read More »
Older people should be allowed to fund new businesses from their pension pots without incurring a tax charge, according to the Institute of Directors (IoD). In its Age of the Older Entrepreneur report, the IoD found 16% of business leaders plan never to retire, while 53% of its members identify themselves as entrepreneurs. Pension freedoms
Use pension savings to fund start-ups Read More »