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More Details On Hospitality VAT Reduction

When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his Summer Statement on 8 July there were a number of areas that needed clarification. The reduction applies to supplies made between 15 July 2020 and 12 January 2021. HMRC have now set out more details […]

Read more August 4th, 2020

If You Have Claimed The Wrong Amount From CJRS

The government reminds employers that the 31 July is the last day that they can submit Coronavirus Job Retention Scheme (CJRS) claims for periods ending on or before 30 June. Employers can now submit claims for periods starting on or after 1 July. See: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme If you have claimed too much or not enough from […]

Read more July 30th, 2020

New Plans Ensure Internal UK Trade

The UK government has laid out plans to deliver on its manifesto commitment to ensure businesses across the whole of the United Kingdom will continue to enjoy seamless internal trade, as they have done for centuries, when we leave the Brexit transition period at the end of the year. From 1 January 2021, powers in at least 70 policy areas previously […]

Read more July 20th, 2020

CJRS – Individuals You Can Claim For Who Are Not Employees

The Government has issued further updates to the Coronavirus Job Retention Scheme (CJRS) regarding individuals you can claim for who are not employees. From 1st July “Flexible Furlough” was introduced and the calculations and time recording of full-time, part-time and fully furloughed employees has become more complicated. Changes are occurring regularly as the Government and […]

Read more July 15th, 2020

Eat Out To Help Out

HMRC has opened registrations for the Eat Out to Help Out Scheme from 13 July 2020. Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality industry and encouraging people to safely return to dining out. The Eat Out to […]

Read more July 14th, 2020

5% Reduced VAT Rate

Reduced VAT rate for hospitality, holiday accommodation and attractions. The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: hospitality hotel and holiday accommodation admissions to certain attractions The temporary reduced rate will apply to supplies that are […]

Read more July 14th, 2020

Residential Rates On Purchases From 8 July 2020 To 31 March 2021

There is a temporary cut in Stamp Duty Land Tax (SDLT) from 8 July by raising the nil-rate band from £125,000 to £500,000 until 31 March 2021. The Treasury estimates that, as a consequence, around nine in 10 people buying a main residence will pay no SDLT. Further details can be found on SDLT changes […]

Read more July 13th, 2020

Summer Economic Update

On Wednesday 8th July, the Chancellor Rishi Sunak made a speech entitled “Summer Economic Update” where he unveiled further Government supports and he unveiled the Government’s plan for jobs which he described as the “Second phase in the Government’s economic response to the crisis.” Here are the highlights and we will update you on the […]

Read more July 9th, 2020

Paying Coronavirus Job Retention Scheme Grants Back

The Government has provided guidance on how to pay all or some of your grant back if you’ve overclaimed through the Coronavirus Job Retention Scheme (CJRS). If you have overclaimed through the Coronavirus Job Retention Scheme, you can either: correct it in your next claim make a payment to HMRC (only if you are not […]

Read more July 3rd, 2020

Statutory Sick Pay Due To Coronavirus Update

Changes have been made to the guidance regarding sick pay due to Coronavirus (COVID-19). It now includes information about employees who have transferred under the TUPE regulations. This scheme is for employers. You can claim back up to 2 weeks of SSP if: you have already paid your employee’s sick pay (use the SSP calculator […]

Read more July 3rd, 2020

Self Assessment Second Payments

For those taxpayers who will be requested to make a second payments on account of the 2019/20 tax liability, the date that was to become payable was 31 July 2020. However, HMRC have announced that this instalment can be deferred until 31 January 2021 without incurring any interest charge. The deferral is automatic and does […]

Read more July 3rd, 2020

Limited Company And LLP Moratorium

How to apply for breathing space to consider a rescue plan for your company. Using a moratorium to support companies and other types of business in financial difficulty. If your business has been or is really struggling, you can get “formal” breathing space to consider a rescue plan for your company. A moratorium gives struggling […]

Read more July 2nd, 2020

Pubs, Restaurants And Hairdressers To Reopen

The Government has announced that Pubs, Restaurants and Hairdressers can reopen from 4 July. They have published practical guidelines to help the businesses reopen safely. The new guidance sets out a range of measures to become Covid-19 secure, including: requiring the use of table service where possible instead of ordering at the bar and assigning […]

Read more July 2nd, 2020

Guidance On Reopening Tourism And Visitor Attractions

The Government has outlined the measures that will allow UK tourism and visitor attractions to reopen to the public from 4 July. The guidance, published today by the Department for Digital, Culture, Media and Sport, outlines the processes and facilities that businesses must put in place before reopening on July 4 so that both staff […]

Read more July 2nd, 2020

UK – Business Rules Relaxed To Help Through Coronavirus Pandemic

The Department for Business, Energy & Industrial Strategy have published a list of the rules that have been temporarily relaxed to make it easier for businesses to continue working through the disruption caused by coronavirus (COVID-19). The government has temporarily relaxed the rules in the following areas: Annual leave: Workers will be allowed to carry […]

Read more June 29th, 2020