Working From Home Tax Relief
HMRC is reminding taxpayers to submit tax relief claims for working from home due to coronavirus during 2021/22 via the easy to use online portal So far this tax year more than 550,000 employed workers have already claimed and are benefitting from the tax relief, which pays £6 a week for home workers. If employed…
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Bounce Back Loan
Bounce Back Loan borrowers will now have the option to tailor payments according to their individual circumstances with the option to delay all repayments for a further six months. Pay as You Grow will be available to over 1.4 million businesses, which collectively took out nearly £45bn through the Bounce Back Loan Scheme. The Treasury’s…
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Furlough Changes
The government has now published its official guidance for the Coronavirus Job Retention Scheme, which has been extended until 30 April 2021. The long-awaited government guidance confirms many of the details surrounding the extended furlough scheme for employers. Overall, it outlines that despite the increase in flexibility that the extended scheme provides when compared to…
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VAT Deferral
Employer Bulletin December 2020 Issue 87 As you will be aware part of the Winter Economy Plan the Government announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the…
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Covid-19 Grants
People and businesses across the UK are being provided with additional financial support as part of the government’s plan for the next phase of its response to the coronavirus outbreak, the Prime Minister announced today (31 October). Throughout the crisis the government’s priority has been to protect lives and livelihoods. Today the Prime Minister said…
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