HM Revenue & Customs (HMRC) has confirmed that employees serving notice cannot be claimed for from the Coronavirus Job Retention Scheme (CJRS) from 1 December 2020 onwards. It has also confirmed further details of plans to disclose details of claims made by employers from December onwards. Notice periods The change means employers cannot claim furlough […]
Proposed R&D cap for SMEs published
On 12 November 2020, the details of the proposed Small and Medium-sized Enterprise (SME) Cap, which is due to come into effect on 1 April 2021, was published.
More than 8,000 not-for-profit organisations share funding through Coronavirus Community Support Fund
Over 8,000 not-for-profit organisations have received grant funding of £200 million to support them throughout the coronavirus pandemic, new figures have revealed.
Temporary Annual Investment Allowance extended to January 2022
The temporary Annual Investment Allowance (AIA) will be extended until 01 January 2022 to “stimulate investment in UK manufacturing”, it has been announced.
Davis Grant calls on businesses to “read the fine print’ in latest furlough guidance
London-based accountancy firm Davis Grant is encouraging businesses to take care over the latest extension to the Coronavirus Job Retention Scheme (CJRS), as it contains many important changes. The Government has now published its full guidance for the extended furlough scheme, which will remain in place until 31 March 2021, offering to cover 80 per cent of […]
Extended Coronavirus Job Retention Scheme FAQ
To help you get to grips with the extended Coronavirus Job Retention Scheme (CJRS) please use our helpful FAQ. What does the CJRS offer? The Coronavirus Job Retention Scheme (CJRS) is a temporary scheme open to all UK employers until 31 March 2021 that is designed to support employers whose operations have been severely affected […]
New Bounce Back Loans have banks preparing for a wave of applications
UK banks have been preparing themselves for the wave of small and medium-sized enterprises (SMEs) topping up with the Bounce Back Loan Scheme (BBLS) once the Chancellor reopens the coronavirus-related scheme on 9 November.
Innovative tech start-ups benefit from essential insights from specialist accountant
Tech start-ups participating in Digital Capital’s latest Augmentor programme have gained useful advice on financial modelling and forecasts from the head of Davis Grants’ renowned Tech Specialist Team. The accountancy firm, which is based in East London, is well-regarded for its expertise and has previously been shortlisted for several awards on the strength of its […]
Accountants welcome expansion of furlough and self-employment schemes, but say Government must reconsider loss of Job Retention Bonus
The Chancellor’s decision to expand the furlough and self-employment schemes has been welcomed by London-based accountancy firm Davis Grant but it has said the withdrawal of the £1,000 per employee Job Retention Bonus must be reconsidered. Chancellor, Rishi Sunak, announced in a statement to Parliament that the furlough scheme would be extended to the end […]