Coronavirus Grants In Respect Of Employees in Closed Businesses

Written by Tony Shackleford on October 19, 2020.

Where a business is forced to close following government instructions relating to the Coronavirus pandemic, the employer is eligible for a grant. The grant is for 67% of the salary of employees who...

coronavirus

Coronavirus Self Employed Income Support Scheme (SEISS) Grant Extension

Written by Tony Shackleford on October 5, 2020.

The SEISS scheme is available for those self employed individuals who are still trading but are experiencing lower demand due to the impact of the coronavirus. The first grant, under the extension,...

Self employed income support scheme

Coronavirus Job Support Scheme

Written by Tony Shackleford on October 5, 2020.

The Job Support Scheme (JSS) is due to commence on 1 November 2020 as a replacement for the Coronavirus Job Retention Scheme (CJRS), also known as the Furlough scheme. It is scheduled to end on 30 April...

coronavirus, Job Support Scheme

Coronavirus Chancellor’s Statement 24 September 2020

Written by Tony Shackleford on September 28, 2020.

On 24 September the Chancellor issued the ‘ Winter Economic Plan’ which contained additional measures in relation to the impact of the coronavirus. The policies announced were principally: New...

bounce back loan, coronavirus, job retention scheme, SEISS

Coronavirus Job Retention Scheme HMRC Enquiries

Written by Tony Shackleford on August 24, 2020.

On 18 August 2020 HMRC significantly increased its compliance activity in respect of the grants paid out under the Job Retention Scheme. It is contacting 3,000 employers who it believes may need to...

coronavirus, job retention scheme

Taxation of double cab pickups and combi vans

Written by Tony Shackleford on August 14, 2020.

In a Court of Appeal (CA) ruling dated 20 July 2020, the court ruled that three types of modified crew cab vehicles are cars rather than vans. This ruling concerns a long running case between Coca Cola...

annual investment allowance, capital allowances, company cars; caompany vans, double cab pickups

Research and Development Grants

Written by Tony Shackleford on August 3, 2020.

Additional tax relief is available to small and medium sized businesses in respect of Research and Development (R&D) expenditure. The R&D relief provides an enhanced 230% deduction from taxable...

Corporation tax, R&D, Research and development

Making Tax Digital Implementation

Written by Tony Shackleford on July 27, 2020.

Making Tax Digital (MTD) will become mandatory for all VAT registered traders from April 2022 and for most other traders and landlords from April 2023. MTD will require those businesses effected to...

Making Tax digital, Taxation

Temporary Reduction in Stamp Duty

Written by Tony Shackleford on July 20, 2020.

The threshold for stamp duty on the purchase of a main home has been increased from £125,000 to £500,000 until 31 Match 2021. The additional 3% stamp duty applicable on the purchase of second homes...

coronavirus, Stamp duty

Coronavirus – Eat Out to Help Out Scheme

Written by Tony Shackleford on July 13, 2020.

Under this scheme, restaurants, cafes etc are able to offer a 50% discount (up to a maximum of £10 per person) on ‘eat in’ meals, on Mondays, Tuesdays and Wednesdays between 3 August and...

coronavirus, Eatout to Help out