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Self-Employment Income Support Scheme (SEISS): Fifth Grant

The fifth Self-Employment Income Support Scheme (SEISS) grant will be available from late July 2021. HMRC have published a policy paper giving details of the conditions as follows: The fifth grant has similar qualifying conditions to the fourth grant. Eligibility Criteria 2019-20 trading profits must be £50,000 or less and at least equal to non-trading…Read More

New advisory fuel rates from 1 June 2021

01 June 2021 HMRC have published new advisory fuel rates for company car drivers which apply from 1 June 2021. Most rates have increased from the rates applicable for the previous three months. Rates for fully electric cars have remained at 4p per mile since their introduction in September 2018. The new rates per mile…Read More

VAT deferral – new payment scheme

24 May 2021 The new VAT deferral scheme is open for all businesses that deferred VAT due between 20 March 2020 – 30 June 2020 and were unable to pay in full by 31 March 2021. The new scheme allows businesses to spread the payments over several months; businesses that join by 19 May 2021…Read More

Covid-19: Test and Trace. Self Isolation Support Payments.

19 May 2021 Grant funding is available to employed or self-employed people on low incomes who have been asked to self-isolate due to COVID-19 by the relevant authority and cannot work from home and will suffer financial consequences as a result. Individuals who qualify for assistance will receive a lump sum payment of £500 for…Read More

£20 million SME Brexit Support Fund opens for applications

16 April 2021 Smaller businesses can apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. The £20 million SME Brexit Support Fund enables traders to access practical support, including training for new customs, rules of origin and VAT processes. Small and medium-sized…Read More

Employer News: April 2021

14 April 2021 HMRC have published their Employer Bulletin for April 2021. Here are some key contents. Corona Virus Job Retention Scheme (CJRS) The UK Government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up to the end of June 2021.…Read More

Recovery Loan Scheme Launched

10 April 2021 HM Treasury has announced the opening for applications to the Recovery Loan Scheme. This is part of government-guaranteed finance throughout 2021, primarily in response to COVIV-19. From 6 April 2021 companies can apply for loans to support their businesses. In preparation for non-essential retail and outdoor hospitality reopening next week can access loans. In…Read More

Off-Payroll Working

22. 02. 2021 What is off-payroll working and IR35? Off-payroll working is the term used by HM Revenue & Customs (HMRC) to describe the situation where an individual worker provides their own personal services via a Personal Service Company (PSC) to an end-client. The off-payroll working tax rules are essentially anti-avoidance provisions. They aim to ensure that…Read More

Employer news: February 2021

Coronavirus Job Retention Scheme (CJRS) The UK Government will pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, until the end of April 2021. Claims can be made before, during or after you process your payroll. February claims must be submitted no later than Monday…Read More

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