In the Budget on 3 March the Chancellor announced a new 130% tax relief for expenditure on new plant and machinery incurred between 1 April 2021 and 31 March 2023. It has been clarified that the new tax relief is only available to limited companies and the latest Finance Bill reveals a nasty sting in the […]
The “off-payroll” working rules that apply to certain workers supplying their services to clients via their own personal service companies start from 6 April 2021. Under this new regime end user businesses will be required to determine whether that individual would have been treated as an employee or not if directly engaged. This will be […]
A new Business Rates relief fund of £1.5 billion for businesses affected by COVID-19 outside the retail, hospitality, and leisure sectors has been announced (25 March 2021) with targeted support delivered as appeals against rates bills on the basis of material changes of circumstance due to the pandemic are to be ruled out. The government […]
New rates for the National Minimum Wage and National Living Wage apply from 1 April 2021. Rates from 1 April 2021 These rates are for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age) from 1 April 2021. 23 and over […]
If you missed the full Bryden Johnson Budget Summary it can be found here. Bryden Johnson Budget Summary 2021 If you have any questions relating to matters in the Budget 2021 please contact us.
In the recent Budget, the chancellor has set out further support for the self-employed. In addition to the upcoming fourth grant there will also be a fifth SEISS grant covering the 5 months to 30 September. The chancellor has extended the scheme to include certain traders who were previously excluded. Thus, those who commenced self-employment […]
Workplace testing now available to all businesses, including those with fewer than 50 employees. Businesses are encouraged to register interest by 31 March to access free workplace testing. As part of the government’s roadmap to cautiously lift restrictions, businesses of all sizes, including those with fewer than 50 employees, can register from today to order […]
To mark International Women’s Day on 8th March we’ve been celebrating the many achievements of women in mathematics throughout history. There are many more stories and amazing women working now to increase the visibility of women in STEM, but hope these snapshots provide a little inspiration. Hypatia (c350-370 AD) Hypatia was a mathematician, astronomer and philosopher […]
A cap on the amount of R&D tax credit which can be paid to a loss-making small or medium-sized enterprise (SME) will be introduced for accounting periods which commence on or after 1 April 2021 Prior to the introduction of the cap, loss-making SMEs incurring qualifying expenditure on R&D activities are allowed to make a […]
High quality traineeships for young people The government will provide an additional £126 million in England for high quality work placements and training for 16-24 year olds in the 2021/22 academic year. Employers who provide trainees with work experience will continue to be funded at a rate of £1,000 per trainee. Payments for employers who […]
