Government

Marketing push for Eat Out to Help Out scheme

More than 53,000 outlets across the UK have so far signed up to the government’s Eat Out to Help Out Scheme – and a new government online finder is available to help diners locate them. As Eat Out to Help Out stickers and posters start to appear in the windows of restaurants, cafes, bars and other establishments across the country,

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New law ensures furloughed staff get full redundancy payments

Furloughed employees who are then made redundant will receive redundancy pay based on their normal wage, under new laws being brought in on 31 July. Throughout the pandemic, the government has urged businesses “to do right by their employees” and pay those being made redundant based on their normal wage, rather than their furlough pay, which is often less. But

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Banks lend £49bn to help SMEs survive coronavirus

Banks have lent £49.4bn to SMEs through the three main government-backed loan schemes, according to Treasury figures released. Banks have given out £33.7bn through the Bounce Back Loan Scheme (BBLS) up until the week ending 26 July, while the Coronavirus Business Interruption Loan Scheme (CBILS) has now seen banks lend £12.7bn to small and medium-sized companies. Lenders have given out

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HMRC unveils plans for more Making Tax Digital

The government has pledged to continue the rollout of Making Tax Digital (MTD), with the scheme to be expanded from 2022. So from 1 April 2022, all VAT-registered companies must switch to MTD, regardless of the value of their sales. And, one year later, the programme will be extended to any individuals filing self-assessment income tax returns for annual business

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Advice on how to reopen your business safely

The government has published advice on how employers can safely reopen their business as the return to work in the UK continues to gather pace. On its website it says: “Employers that want to reopen their business have a legal responsibility to protect their employees and other people on site. Use this guidance to help you carry out a risk

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Chancellors Summer Statement

Wow – well hats off to the Chancellor this week with his much-anticipated Summer Statement. Although I feel that the government has, at times, been clumsy in the way they have handled the Covid-19 crises they must be given credit for their commitment in their efforts to try and mobilise the economy. The Chancellor revealed a whole host of new

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Treasury ponders temporary VAT cut to boost high street

The government is considering a temporary VAT cut to help boost consumer demand and confidence. The Times has reported that Chancellor Rishi Sunak is concerned the combination of low consumer confidence and social distancing rules will mean the reopening of retail shops will have a limited effect on boosting consumer spending. A decision on the VAT cut will be made

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Pressure group warns of SEISS tax bills to come

Recipients of the Government’s Self-Employed Income Support Scheme (SEISS) grant might not realise that it is taxable, the Low Incomes Tax Reform Group (LITRG) is warning. It says  that a third of the grant might have to be ‘paid back’ in some cases, in tax and Class 4 National Insurance (NIC). Grants made to the self-employed and partners in trading

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On Friday 29th May, the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme, and we’ve outlined these below for you. Coronavirus Job Retention Scheme The Chancellor has announced three changes to the job retention scheme: From 1‌‌ July 2020, the scheme will be made more flexible

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