Annual Tax on Enveloped Dwellings (ATED) is an annual tax that requires limited companies owning UK residential properties with a value of more than £500,000 to complete an ATED return. You must complete an ATED return if your property: Is located in the UK Is a...
HMRC has issued some guidance to taxpayers that deferred their VAT payments between 20 March and 30 June 2020 and still have payments to make. HMRC is advising taxpayers who deferred their VAT payments to: pay the deferred VAT in full on or before 31 March 2021 or opt...
The Chancellor has announced a new one-off top-up grant which will be available for businesses in the retail, hospitality, and leisure sectors. The grants will be worth up to £9,000 per property. This grant is available on top of business rates relief and the furlough...
Furlough Scheme extended until March 2021 The Chancellor Rishi Sunak has recently announced that the furlough scheme will be extended until the end of March 2021. This comes just a few days after the government announced the scheme would be extended until 2 December...
The Prime Minister has recently announced that the following schemes will all be extended to 31 January 2021: Coronavirus Business Interruption Loan Scheme (CBILS) Coronavirus Large Business Interruption Loan Scheme (CLBILS) The Bounce Back Loan Scheme (BBLS)...
The government's 10 pm curfew rule came into force on 24 September. How will this affect pubs and restaurants? Pubs and Restaurants Many hospitality businesses have been left frustrated by the decision to impose a 10 pm curfew, with some reporting huge booking losses...
Growth shares entitle key employees to share in the future growth of the company. They are commonly used to reward or incentivise employees but can also be useful for effective inheritance and succession planning. What are growth shares? They are a separate class of...
How has COVID-19 affected the haulage industry? In this article, we will be covering how COVID-19 has affected the haulage industry. The data we will be using in this article is from a series of surveys undertook by the Road Haulage Association (RHA) in April 2020. In...
All non-essential shops expected to reopen from 15 June The Prime Minister, Boris Johnson has announced that all non-essential retailers in England will be able to reopen from 15 June but added the caveat that this is “contingent on progress in the fight against...
Coronavirus Statutory Sick Pay Rebate Scheme If you are an employer, you may be entitled to use the Coronavirus Statutory Sick Pay Rebate Scheme. The government is set to launch this online scheme on 26 May 2020. This scheme is aimed at small and medium-sized...
The Local Discretionary Grants Fund The Department for Business, Energy & Industrial Strategy has set up a discretionary fund to accommodate small businesses outside the requirements for the business grant funds scheme. Who is this scheme aimed for? This...
Who can Claim? If you are a member of a partnership or self-employed and: you traded in the tax year 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year. you traded in the tax year 2019 to 2020. you intend to continue to...