Sorry me again !, but then the weather outside isn’t much to write about, looking outside my office it’s raining again, so what better than to dive into and analyse all that has been doing the rounds in the press lately, plenty of stuff in the press on how will “son of Furlough” look like…

It has been at least 2 weeks since I last put out an update, I try not to bombard you with Covid related stuff, like you I too am fed up of it !! , but below are a couple of important developments so persevere with me, I will try to be brief without missing…

With a prodigious amount of data coming out from the different government departments, I thought best to just summarise the most pertinent business related information in terms of impact on the businesses and their employees as we head to the withdrawal of the government assisted schemes. CORONAVIRUS JOB RETENTION SCHEME (CJRS) From September 1, the…

A lovely summers day, and I reluctantly  bring the news below but as the saying goes “forewarned is forearmed “ Some bad news from Court of Appeal Ruling regarding the definition of a vehicle when it has a second row of seats The difference in the taxable benefit arising from having a van, as opposed to a…

With, apologies  I realise that on the hottest day of the year inflicting you all lovely people with further tax updates is not fair !! , but these are important changes relating properties and they are not all bad !! SECOND HOME BUYERS AND BUY-TO-LET LANDLORDS WELCOME SDLT CUT Although the temporary increase in the Stamp Duty…

When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his Summer Statement on 8 July there were a number of areas that needed clarification. The reduction applies to supplies made between 15 July 2020 and 12 January 2021. HMRC have now set out more details of…

A short article on the Child Benefit Allowance which some of you will find very useful, especially for many the receipt of  Child benefit allowance has been an important source of income and especially under the current economic condition, so it is important to be aware of the rules and particularly during the current climate….

As to be expected there are lots of questions about the 5% rate and other items of announcements, so below are the updated explanations C19 BUSINESS NEWS UPDATE It has been a busy week with new Government initiatives on reduced VAT, updates to the Job Retention Scheme (CJRS), Eat to Help Out scheme and the…

8 JULY 2020 Dear All Some good news in a form of further government assistance, Four  months after his first Budget, the Chancellor has unveiled a summer economic update, with a commitment to encouraging job creation through a government ‘plan for jobs’ and stimulus for consumer spending, below is the short summary of the proposals,…

Me again !, this time it is not about Furlough, thanks god I hear you say, But bear with me it will be worth it especially if you are trading through a limited company and in the current difficult trading climate the company has incurred trading losses, this remedy will give you cashflow in a form of…

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