Blog
All the latest changes to tax legislation- important tax dates and deadlines, Help-Sheets on managing your personal finances, business news & opinion, as well as updates on what’s happening at Rawcliffe’s.
VAT – Reduced Rate of 5%
The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies.
The Green Homes Grant
Grant introduced September which will provide at least £2 for every £1 homeowners and landlords spend to make their homes more energy efficient, up to £5,000 per household.
“Flexible Furlough” started 1st July
From 1 July the new CJRS “Flexible furlough” grant scheme started, which allows employers to gradually bring their furloughed employees back to work part-time.
Second SEISS Grants paid in August
The eligibility criteria remain broadly the same as the first grant claim. Self-employed profits in 2018/19 must not exceed £50,000 and must be more than 50% of your total income.
UK- Relaxed Rules To Help Businesses during COVID-19
The Department for Business, Energy & Industrial Strategy have published a list of the rules that have been temporarily relaxed…
A Moratorium: Apply for breathing space
How to apply for breathing space to consider a rescue plan for your company, under measures to support companies and other types of business in financial difficulty.
Latest Indicators For The UK Economy And Society
According to the latest Business Impact of Coronavirus (COVID-19) Survey (BICS), 30% of the workforce were on furlough, and 42% of businesses were topping up workers’ pay.
PERSONAL AND ECONOMIC WELL-BEING IN GREAT BRITAIN: JUNE 2020
The Government has published studies about the effect of Coronavirus on the UK economy and our emotional well-being.
INFORMATION FOR FARMERS, LANDOWNERS AND RURAL BUSINESSES
Fund to support dairy farmers opens for applications | Amendments to BPS applications using the Rural Payments service .
NEW PLANS TO GET BRITAIN BUILDING IN CORONAVIRUS RECOVERY
Government is to extend planning permission deadlines, saving construction projects’ permissions from expiring.
HOW DIFFERENT CIRCUMSTANCES AFFECT THE SELF-EMPLOYMENT INCOME SUPPORT SCHEME
The Self-Employment Income Support Scheme currently allows you to claim a taxable grant worth 80% of your average monthly trading profits,
JOB RETENTION SCHEME - FLEXIBLE FURLOUGHING AND IMPORTANT DATES
From 1 July 2020, Businesses will have the flexibility to bring previously furloughed employees back to work part-time –
Shops allowed to reopen following Covid-19
Monday 15th June Shops in England selling non-essential goods will be able to reopen from today.
Will Covid-19 Accelerate Remote Working Practices?
Will Covid-19 Accelerate Remote Working Practices? Most firms have rolled out new approaches to business continuity, cyber security & remote working.
Can We “Furlough” The Company Car?
During the lockdown period many employees and directors have not been using their company cars and it has been sitting on their driveway.
SELF-EMPLOYED INCOME SUPPORT GRANTS ALSO EXTENDED
Sole traders and members of partnerships started making claims under the Self-Employed Income Support Scheme on Wednesday 13 May and many have already received their grant.
JOB RETENTION “FURLOUGH” SCHEME EXTENDED TO OCTOBER
Chancellor Rishi Sunak announced on 12 May that the CJRS scheme will be extended until the end of October.
LOCAL AUTHORITY DISCRETIONARY GRANTS FUND
Discretionary Grants Fund: a "top-up" scheme to support small businesses who were not eligible for the Small Business Grant Fund or the Retail, Leisure and Hospitality Fund.