The Recovery Loan Scheme will ensure businesses continue to benefit from Government-guaranteed finance throughout 2021. Loans will include 80% government guarantee and interest rate cap. With non-essential retail and outdoor hospitality reopening today, Ministers have ensured that appropriate support is still available to businesses to protect jobs. From 6 April 2021 businesses – ranging from […]
Croydon Council has launched the business restart grants for businesses in the retail, hospitality, leisure and personal care sectors, as announced by Government in the recent budget statement. The Restart Grant scheme supports businesses in reopening safely as COVID-19 restrictions are lifted. Grants are available from 1 April 2021. Eligible businesses in the hospitality, accommodation, […]
The government makes rapid home testing available for all businesses with over 10 employees who cannot offer on-site testing, businesses must register interest by 12 April to access free tests. Over 60,000 businesses across the country have already registered their interest to provide rapid tests to key workers. From 6 April, the workplace testing programme […]
Date What’s Due 1/04 Corporation tax payment for year to 30/6/20 (unless quarterly instalments apply) 6/04 2020/21 tax year ended on 5th. 2021/22 tax year begins. New “off-payroll” working rules start. 19/04 PAYE & NIC deductions, and CIS return and tax, for month to 5/04/21 (due 22/04 if you pay electronically) 1/05 Corporation tax […]
The Treasury normally issue a bundle of tax consultation documents on Budget Day. This year however they chose to delay the publication until 3 weeks after the Budget. It was expected that the consultation documents would include major changes to CGT and IHT, but it would appear that these have been delayed again. The Treasury […]
In the March Budget it was announced that the normal one year carry back for trading losses would be extended to three years. This means that many businesses that have made losses during the COVID-19 pandemic may be able to obtain a repayment of tax paid in that three-year period. This enhanced carry back applies […]
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 […]
