From 1 April 2022 all VAT registered businesses must follow the new rules regardless of turnover. If you’re a VAT registered business with a taxable turnover above £85,000, you must follow the rules for Making Tax Digital for VAT unless: your business uses the VAT GIANT service – HMRC will contact you to tell you when the deadline Read more about Making Tax Digital for VAT as a business or sole trader[…]
Other new measures announced Today the Chancellor announced VAT cuts on food, accommodation, eat in or hot takeaways, cinemas, zoos and theme parks. From 15 July until 12 January 2021, the UK government will cut VAT from 20% to 5% on any eat-in or hot takeaway food and drinks from restaurants, cafes and pubs, excluding Read more about VAT cuts on food, accommodation, eat in or hot takeaways, cinemas, zoos and theme parks[…]
Today the Chancellor announced the introduction of the Job Retention Bonus. This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31 January 2021. The bonus will provide additional support to retain employees. To be eligible, employees will Read more about Job Retention Scheme bonus (Furlough)[…]
From 1 July, the new rules for furloughing employees came in, employers can bring furloughed employees back to work for any amount of time and any shift pattern, while still being able to claim under the Job Retention Scheme grant for the hours not worked. Employers will have until 31 July to make any claims for Read more about New furlough scheme from 1 July 2020[…]
The Government are keen to identify small to medium-sized businesses that would be interested in feeding back to Government information about their perspectives on current business needs. The plan is to set up discussion “round tables ” which would take place with Ministers on a twice weekly basis. To comply, a business needs to employ Read more about Do you run a business? Employee more than 1 person? and would you like to be involved in a round table discuss with ministers?[…]
On Friday (29 May) the Chancellor, Rishi Sunak, announced more details about the extension of the Self-Employment Income Support Scheme. The Self-Employment Income Support Scheme has been extended for those self-employed whose trade continues to be, or is newly, adversely affected by COVID-19 (coronavirus). Eligible self-employed people will be able to claim a second and Read more about Extension Self-Employment Income Support Scheme[…]
On Friday (29 May) the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme. The Chancellor announced three main changes to the job retention scheme: From 1 July 2020, the scheme will be made more flexible to enable employers to bring previously furloughed employees back part time and still Read more about Extension of the Coronavirus Job Retention Scheme[…]
Sheffield City Council has today (27th May) launched its Local authority discretionary grants fund, which aims to provide support to businesses and organisations that have suffered from a significant fall in income due to Covid-19 and have not been able to access other grants available. All applications for grants need to be submitted by 12th June to Read more about Sheffield City Council launches Local authority discretionary grants fund (Top-up to local business grant funds scheme)[…]
Following on from our previous post – http://nicholsonandco.co.uk/coronavirus-statutory-sick-pay-rebate-scheme/, the Coronavirus Statutory Sick Pay Rebate Scheme is now open. Before you start You’ll need to: check that you can use the Coronavirus Statutory Sick Pay Rebate Scheme be registered for PAYE Online work out your claim period Work out your claim period You can claim for multiple Read more about Coronavirus Statutory Sick Pay Rebate Scheme now open[…]
As previous The Chancellor of the Exchequer announced a discretionary grants fund scheme to be administered by local authorities on 4 May. The scheme guidance is now been reviewed by the Council and work is underway to put in place an appropriate scheme for each local authority, which is both within the criteria set by Read more about Local authority discretionary grants fund[…]