The new tiered system of restrictions for England after 2 December 2020 should give businesses the certainty to plan and recover, according to innovative accountancy firm Davis Grant. As the country begins to emerge from a national lockdown, the firm based in East London is calling on businesses to turn their attention to the future […]
Self-employed profits must be “significantly reduced” to claim third SEISS grant, says HMRC
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 […]
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.
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.
Businesses urged to file annual accounts early and “go paperless” to avoid Covid-19 disruption
Companies House has urged businesses to file their annual accounts earlier than usual to avoid “last-minute” disruption caused by the coronavirus.
HMRC to investigate Eat Out to Help Out scheme claimants
Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced.