The temporary £1 million increase to the Annual Investment Allowance (AIA) has now been extended until 1 January 2022 to help businesses invest, the Government has announced. The increase to the AIA, which saw relief rise from £200,000 to £1 million for two years from 1 January 2019, was originally due to end in January […]
Tax breaks for virtual staff parties and festive gifts
If you are planning on spreading some festive cheer for your employees through a virtual staff party this winter, you will need to be aware of the potential tax implications.
Business recovery planning: dealing with disruption
Disruption can be unforeseen and out of our control, and the coronavirus pandemic is a prime example of this. Many businesses have been significantly affected by the impact of the virus and the Government’s measures and the impact of exit from the EU single market are still unknown. Many businesses can face ‘disruption’, and there […]
Furlough scheme update – Publication of claims and employees serving notice
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 […]
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.
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 […]
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 […]
Recruitment figures up but “still below pre-Covid levels”, says BCC study
More firms attempted to recruit staff in the past three months compared to Q2 2020, but overall recruitment figures still fall below pre-Covid levels, a major study has revealed.