HM Revenue & Customs (HMRC) has made temporary changes to the time limit and rules for notifying an option to tax (charge VAT on) land and buildings. Normally, when notifying HMRC of a decision to opt to tax land and buildings, you usually have 30 days to contact the tax authority either by printing and…
Continue readingCOVID-19 Updates
Maximum Government-backed loan amount for larger businesses increased to £200 million
The Government has announced an increase in the maximum amount that larger businesses can borrow under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200 million. CLBILS loans are offered on normal commercial terms, but are backed by a Government guarantee worth 80 per cent of the amount borrowed. They can…
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One-third of SMEs ‘may never re-open’ after Covid-19, study reveals
One-third of small businesses believe they will never reopen as a result of Covid-19 disruption, according to the latest research.
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“Covid Secure” practical workplace guidance for employers
The Covid Secure guidance published by the Department for Business, Energy & Industrial Strategy (DBEIS), covers workplaces that can re-open this week, as well as some the Government hopes will reopen on 1 June 2020: Construction and outdoor work Factories, plants and warehouses Homes Labs and research facilities Offices and contact centres Restaurants offering takeaway…
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Self-Employment Income Support Scheme open for business
The Self-Employment Income Support Scheme (SEISS) is now open for business, weeks ahead of schedule.
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Coronavirus Job Retention Scheme (CJRS) extended until October
The Chancellor, Rishi Sunak, has confirmed that the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of October, with no changes until the end of July when employers currently using the scheme will be able to bring back furloughed employees part time. From August, the Government has said that furloughed workers will…
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