A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
The legislative changes brought about by the independent review into the controversial loan charge received Royal Assent on 22 July and are therefore now law.
Our tax team have prepared a Bates Weston Company Tax Planning Guide to help you and your business get through the Covid-19 crisis and emerge, ready to respond to the challenges ahead.
Summary of the main changes planned for the furlough scheme, ahead of detailed guidance expected from the Government on 12 June
Planning to reclaim higher rate SDLT paid on your new home because you sold your old one within three years, but Covid-19 delayed your sale? Government announcement could help.
Dairy Response Fund, administered by the Rural Payments Agency will cover up to 70% of losses during April and May due to falling milk prices and could be worth up to £10,000 for eligible dairy farmers.
A holding company structure could reduce risk for growing businesses and those with surplus assets. Is it time to reconsider your business structure?
Government launches consultation on proposed tax treatment of Coronavirus support grant payments. Responses required by 12 June.
Check your Local Authority website for details of their application process for the Local Authority Discretionary Grant Fund. Derby City Council’s fund is open for applications now.
Changes to Coronavirus Job Retention Scheme. Flexible Furlough scheme introduced from 1 July, employers to gradually increase their contribution to wage costs beginning with NI and employer pension contribution costs and rising to 20% by October when the scheme will end. Self Employment Income Support Scheme extended, now ending in August, with a single payment of up to £6,570 to cover June, July and August.
Calls for parity for the self-employed with those furloughed. SEISS v CJRS
NHS Test and Trace system is now operational. What we all need to do now and the impact on employers.
Our business very definitely remains open. Here’s an outline of our current working practices, how you can help us with that and reassurance that our help is just as good as its always been. If you need us, don’t hesitate. Get in touch.
Those working from home and employers who encourage their staff to purchase their own home-office equipment and reimburse the expense, can benefit from a temporary income tax and National Insurance Contributions relief introduced as a response to Covid-19.