Self-employed workers’ profits must be “significantly reduced” in order to claim the third instalment of the Self-Employment Income Support Scheme (SEISS), it has been revealed.
Spending Review highlights long-term economic impact of Coronavirus pandemic
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 largest fall in output for 300 years. In response, he said that the Coronavirus Pandemic […]
Important deadlines approach for the furlough scheme
Businesses across the UK are being reminded of key deadlines and actions for the Coronavirus Job Retention Scheme (CJRS), which are just days away. The CJRS was extended recently to 31 March 2021 for all parts of the UK. Since 1 November 2020, the UK Government has agreed to pay 80 per cent of employees’ […]
Third round of Self-Employment Income Support Scheme (SEISS) opens on Monday with tighter eligibility criteria
The third round of the Self-Employment Income Support Scheme (SEISS) will open on Monday 30 November 2020 with tighter eligibility criteria than have applied to the previous two rounds of the scheme. The third grant is worth 80 per cent of a self-employed individual’s usual trading profits over three months, capped at £7,500 in total […]
Companies House to scrap paper reminder letters
Companies House has announced that businesses will no longer receive reminder letters, as it seeks to end paper communications. Businesses across the UK have been receiving a notification letter by post letting them know that Companies House is withdrawing this service, as it seeks to save £1.2 million annually. Instead, companies will be asked to […]
The end of lockdown – Next steps for recruiters
As England prepares to lift its latest lockdown measures and enters a new tiered system of local restrictions many in the recruitment sector may have a feeling of déjà vu.
Property – Financial lessons from the last year
As we approach the end of 2020 it is an important time to reflect on the lessons from the last year as we move into 2021, so that businesses and investors in the property sector can build greater resilience for the future.
Tech start-ups face new challenges under R&D tax rules reform
The rules regarding R&D tax credit claims for the SME scheme are changing from April 2021 and it could affect the ability of many small tech businesses to obtain this important tax relief.
HMRC’s amended guidance on late furlough claims
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.