Original artwork by local photographer W H Harding for more information click here
On 21 December, Rishi Sunak set out a £1bn emergency support package to help businesses most impacted by the rise in Covid cases, including the leisure and hospitality sector. These can be summarised as follows: Hospitality & Leisure – One-off grants of up to £6,000 per premises. This will be administered by local authorities and will be…Read More
The Government has issued a policy statement which addresses commercial rent arrears that have arisen whilst businesses had to close due to Covid restrictions. -Commercial Landlords have been prevented from evicting tenants due to non – payment of rent and this protection for tenants has been extended to 25th March 2022. -This will only apply to…Read More
Information on the 5th Self-Employment Income Support Grant:-The 5th Grant under the Self-Employment Support Scheme (SEISS) covers the period 1st May to 30th September 2021. -The basis of the amount of grant will depend both on trading profits and also the percentage drop in turnover in the year to April 2021. This is a…Read More
The Government has announced that the protection for commercial tenants against eviction has been extended to 25th March 2022. For the full announcement, Click here Coronavirus Job Retention Scheme (CJRS) update Also a reminder that the grant level under the Coronavirus Job Retention Scheme (CJRS) reduces to 70% of salary for furloughed time (…Read More
12 months on and we are still feeling the effects of the pandemic and will for some time. In March, immediately after the Chancellors latest budget, we asked SMEs across the UK to share their outlook for the next 12 months. The findings make for interesting reading – including: 46% of businesses with less than…Read More
-The 4th Grant under the Self-Employment Income Support Scheme (SEISS) covers the period 1st February to 30th April 2021. -The online service to claim the grant will be available from late April 2021. -The claim must be made by 1st June 2021. -HMRC will contact possible eligible claimants mid-April 2021 and provide a date a…Read More
Recovery Loan Scheme As notified in our Update of 4th March, and further explained in our Budget Summary, the Recovery Loan Scheme has now opened. For further details, and list of accredited lenders, Click Here Proposed Business Rates Relief Fund -Businesses in the retail, hospitality and leisure sectors have had 100% rates relief…Read More
1.) Paying VAT deferred due to Coronavirus Further details have now been released as to how businesses can join the VAT deferral new payment scheme announced last month. If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in…Read More
A Handy Guide to Help You On 3rd March Rishi Sunak introduced a number of new measures of support for SMEs as part of his budget. He also extended some of the existing schemes as well as announcing some new initiatives designed to support the survival, growth and development of businesses. From the extension of…Read More
Yesterday, the Chancellor presented his 2021 Budget which, to the relief of many, announced continuing Coronavirus business support. This includes: -The extension of CJRS ( furlough) to September 2021. -Further grants under the Self-Employment Income Support Scheme ( SEISS) for the 3 months to April and 5 months to September 2021. Newly self-employed since April 2019…Read More
The Government provides support schemes to assist businesses with their cashflow. The terms of two of the schemes have now been enhanced. VAT deferred between 20th March and 30th June 2020 -Businesses who had VAT payments due between 20th March and 30th June 2020 were able to defer payment until 31st March 2021. -A VAT deferral…Read More
In our Update of 6th January 2021, we alerted you to the on-off grant payments announced that day – now known as Closed Business Lockdown Payment ( CBLP). At the time it was described as a grant for closed businesses in the retail, leisure and hospitality sectors. In the most recent Government guidance, that criteria…Read More
The Chancellor has today announced one-off top up grants to closed businesses in the retail, hospitality and leisure sectors. The grants will be based on a per-property basis, at the following rateable value (RV)levels -RV up to £15,000 Grant £4,000 -RV £15,000-£51,000 Grant £6,000 -RV over…Read More
Brexit will impact on your workforce in a number of ways, including: From January 2021 there will be a new immigration regime EU/EEA/Swiss nationals who wish to live and work in the UK Recognition of qualifications Travel (visa requirements, passport rules) Existing employees of UK companies who are EU nationals will need to apply for…Read More
Over the course of the year the government has responded to the devastating financial impact of Covid-19 on businesses with a number of packages of support to help businesses of all sizes. Ranging from support to help pay employees and business owners, to grants and loans and also tax deferral schemes, the packages of support…Read More
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