RESOURCES

Government aid

End of the Stamp Duty Holiday

As part of the measures to support the economy during the COVID 19 pandemic, the Chancellor of the Exchequer introduced a Stamp Duty Holiday. This effectively suspended or reduced (depending on the value of the house purchase) Stamp Duty on house purchases. The holiday began on July 8th 2020, and is due to end on […]

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New Self-Employment Grant: the “Fifth Grant”

Overview  If you are a self-employed person or a member of a partnership and coronavirus has adversely impacted your business, you may be entitled to a new grant “the Fifth Grant”. In this note you will find more details regarding the so called Fifth Grant.  The Fifth Grant, for the self-employed and partners  In March 2020, with the advent of COVID-19 and […]

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Job Retention Scheme ‘Furlough’ – changes from July

Purpose of note  In this note you can find information related to the new Job Retention Scheme rules ‘furlough rules’ that will be applied from 1 July 2021.  Furlough scheme  In March 2020, Chancellor Rishi Sunak introduced the Furlough Scheme, a subsidy aimed at helping companies forced to lay off employees because of COVID-19. In September 2020, the UK Government replaced the initial scheme with another scheme the Job Retention Scheme. This scheme […]

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Working abroad – PAYE aspects

PAYE when you go abroad The purpose of this note is to explain the UK payroll situation when an employee of a UK company goes to work abroad. It is a question that we have recently been asked because Covid has forced lots of employees to stay abroad for longer than they had initially anticipated. […]

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On Furlough? Need to apply for Pre Settled Status?

Purpose of note The purpose of this note is to remind European nationals (and their employers) that they need to apply for UK ‘Pre Settled Status’ by 30 June 21. If they don’t, they will need to follow the points-based immigration rules, which will make it much more difficult for them to work in the […]

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2021 Budget Update

Aim of note The aim of this note is to summarise some of the policies announced in yesterday’s budget. I have selected the points that are most likely to be relevant to our clients. The list is not meant to be comprehensive. You can see a summary of the points here and the full budget […]

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COVID: VAT deferral extended

Overview HMRC recently provided an update of their VAT deferral scheme. This note summarises HMRC’s guidance, You can read the guidance in full here. The VAT deferral scheme Basically, if you deferred VAT payments at the start of COVID (between 20 March and 30 June 2020) and you still have payments to make, you can […]

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Extension of the UK Job Retention Scheme and introduction of the Local Restrictions Support Grant

Job Retention Scheme extended and Local Restrictions Support Grant announced Over the weekend the UK Government made two announcements that will help to support UK businesses: extension of the Job Retention Scheme; and creation of a Local Restrictions Support Grant Job Retention Scheme The Job Support Scheme that was recently announced has been suspended and […]

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