I felt that the below information might be useful in assessing if a claim is possible under the Business Interruption Insurance given quite a few cases waiting to be adjucated We have previously highlighted the ability of clients to make a claim against their insurers under business interruption policies. The FCA decided to launch a…

Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the Chancellor announced on 5th January. The Chancellor announced one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the Spring. In addition there is a £594…

Some more pertinent news for our clients in the construction industry , worth reading and making a note, as ever we are here to advise and to keep you ahead of the legislation The construction industry is facing a triple whammy of tax changes in 2021as below: VAT domestic reverse charge on 1 March, off-payroll…

I do hope you, your family and team members are coping through these very difficult times. I have tried to summarise below some information from the recent Government announcements and hope it will make more sense then the onslaught we had been subjected to over the last few days.  As for those slides, which seemed…

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…

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