As part of the Government’s plan to extend the Self-Employment Income Support Scheme (SEISS) for a further six months, HM Revenue & Customs (HMRC) has announced new conditions that must be met. The scope of the extended scheme will now be much narrower, with the third and fourth grants being less generous for the self-employed. […]
Businesses may be entitled to insurance pay-out after important judgment
A new judgment at the High Court has clarified that policyholders denied business interruption (BI) insurance claims due to COVID-19 may be due compensation. In an important test case, brought by the Financial Conduct Authority (FCA), the court has found in favour of BI policyholders after many insurers denied pay-outs, claiming that the pandemic was […]
Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed
From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs (HMRC) adviser first.
Government issues new guidance on the Job Retention Bonus
Employers will be able to apply for the Job Retention Bonus (JRB) between 15 February 2021 and 31 March 2021. This one one-off taxable payment to employers offers £1,000 for each eligible employee that was furloughed and kept continuously employed until 31 January 2021. Any employer can submit a claim, as long as they have […]
Why times of crisis may be the perfect time to launch a tech start-up?
Opening a new business during a period of economic and social crisis, such as the current pandemic, may seem like a risky venture and for certain sectors this may certainly be true.
Braving the storm – Steps recruiters can take now to build resilience
The UK’s recruitment industry has seen a significant decline in income as businesses slow down or freeze hiring in response to COVID-19.
SMEs are still chasing unpaid invoices
The disruption of business, due to the coronavirus pandemic, has meant many companies are still waiting on unpaid invoices from their debtors.
Automatic enrolment easements to be lifted from January, regulator reveals
Pension flexibilities afforded to employers throughout the coronavirus pandemic will be removed from 01 January 2021, it has been revealed.
Government’s financial support could prove essential in coming months, says Davis Grant
Businesses across London, Essex and beyond need to engage and plan for the future with the Government’s new financial support measures, according to Davis Grant. Faced with tougher restrictions, as announced by the Prime Minister Boris Johnson following news of a potential second wave of Coronavirus infections, businesses feared that they may not have the […]