The Budget 2021 and the big freeze on personal tax allowances! The UK Budget was announced on Wednesday 3rd March 2021. Many had expected tax rises to pay back the deficit caused by the pandemic. Although many tax rises were […]
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The Government have announced several extensions to the furlough scheme. The latest announcement was in the budget on 3rd March 2021, which extended furlough right through to the end of September 2021. The furlough scheme is also known as the
Furlough Scheme Extension – See the monthly changes Read More »
The lockdown roadmap was announced on 22nd February 2021. The Government provided details on how the restrictions will start to be lifted from 8th March through to the summer. The roadmap is staged over 4 steps, with the final lockdown
Bitcoin and other cryptocurrencies have increased significantly in value over the last few years. At the time of writing on Thursday 11th February 2021, a Bitcoin is priced at $45,531. As a result of this significant growth, many investors are
Due to pay your deferred VAT payment? How to opt in to the new VAT deferral payment scheme and pay monthly instalments? Many businesses deferred their VAT payment for the periods between March and June 2020. This was one of
Bounce back loans have been extended again. The scheme is now open to applications until 31st March 2021. The scheme now also allows for repayment holidays and other helpful options. The loans were originally made available back in May 2020.
Extension of Bounce Back Loans and Repayment Holidays Read More »
Postponed VAT accounting is available for UK businesses from 1st January 2021. The scheme will assist the cash flow for businesses, which import goods from anywhere outside the UK. Further Information on Postponed VAT Accounting For further information please see
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A significantly reduced profits test has been introduced for the third self-employment grant. Before making your claim you must ensure you still qualify. Below are the frequently asked questions on this new requirement. Summary of the HMRC requirements To qualify
Significant New Test Affecting Self-Employment Grants Read More »
The furlough scheme has been extended to cover November 2020 to March 2021. As a result the Job Support Scheme has now been delayed. Furlough, also known as the Job Retention Scheme was due to end in October 2020. However
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A self-employment grant extension was announced by the Government on 5th November 2020. The Government have already paid out grants to the self-employed. The first grant was paid out in May 2020 and the second grant was paid out in