More details on the Job Retention Bonus (JRB) have been released from the government. The JRB promises businesses a one off £1,000 payment for every previously furloughed employee if they were still employed at the end of Jan 2021.
Wayne Thomas, partner at Bates Weston recaps the imminent changes to CJRS and stresses the need to plan ahead.
As part of the government’s approach to support economic recovery, the Chancellor announced a temporary cut in the rate of VAT, from 20% to 5%, from the 15 July 2020 to 12 January 2021 for the leisure and tourism sectors.
If your business sells food for immediate consumption on your premises, has a dining area for eat in meals and was registered as a food business with your Local Authority on or before 7 July, you can register to participate in the Eat Out to Help Out scheme from 13 July.
In a time of economic uncertainty, thoughts turn to asset protection – protecting business assets should your business suffer and passing on personal assets to future generations.