Spending Review highlights long-term economic impact of Coronavirus pandemic
Nov 26, 2020
The Chancellor’s statement to Parliament setting out his Spending Review decisions came against a backdrop of predictions from the Office for Budget Responsibility (OBR), which indicated that the UK economy will shrink by 11.3 per cent this year – the ...
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The New COVID-19 Tier System
Nov 25, 2020
body {font-family: arial;} tr, td { padding: 10px !important; margin: 10px !important; }p {margin: 0 0 0 0 !important; color:#fff !important;} When the national temporary lockdown ends in England on 2 December 2020, the country will enter a new tougher, tiered local system of restrictions. ...
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HMRC’s amended guidance on late furlough claims
Nov 23, 2020
On 19 November 2020, the Government amended its guidance to give examples of what is meant by a ‘reasonable excuse’, for submitting furlough claims past the deadline. Claims need submitting within two weeks of the end of the previous calendar month ...
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HMRC to investigate Eat Out to Help Out scheme claimants
Nov 19, 2020
Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced. The warning comes after the regulator revealed that it would ...
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Proposed R&D cap for SMEs published
Nov 16, 2020
On 12 November 2020, the details of the proposed Small and Medium-sized Enterprise (SME) Cap, which is due to come into effect on 1 April 2021, was published. This cap is on the amount of payable credit ...
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Furlough scheme update – Publication of claims and employees serving notice
Nov 16, 2020
HM Revenue & Customs (HMRC) has confirmed that employees serving notice cannot be claimed for from the Coronavirus Job Retention Scheme (CJRS) from 1 December 2020 onwards. It has also confirmed further details of plans to disclose details of claims made ...
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More than 8,000 not-for-profit organisations share funding through Coronavirus Community Support Fund
Nov 13, 2020
Over 8,000 not-for-profit organisations have received grant funding of £200 million to support them throughout the coronavirus pandemic, new figures have revealed. The research, published by the Department for Digital, Culture, Media & Sport, highlights the success of the Coronavirus Community ...
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Temporary Annual Investment Allowance extended to January 2022
Nov 12, 2020
The temporary Annual Investment Allowance (AIA) will be extended until 01 January 2022 to “stimulate investment in UK manufacturing”, it has been announced. The measure – which increases the allowance from £200,000 to £1 million - was due to end in ...
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Extended Coronavirus Job Retention Scheme FAQ
Nov 11, 2020
To help you get to grips with the extended Coronavirus Job Retention Scheme (CJRS) please use our helpful FAQ. What does the CJRS offer? The Coronavirus Job Retention Scheme (CJRS) is a temporary scheme open to all UK ...
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New Bounce Back Loans have banks preparing for a wave of applications
Nov 09, 2020
UK banks have been preparing themselves for the wave of small and medium-sized enterprises (SMEs) topping up with the Bounce Back Loan Scheme (BBLS) once the Chancellor reopens the coronavirus-related scheme on 9 November. Banks have already lent £38 billion under ...
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