HMRC resumes investigations after COVID-19

What to expect from tax probes in 2020/21 After temporarily pausing tax investigations as COVID-19 business support measures rolled out earlier this year, HMRC has restarted probes into businesses and individuals’ tax affairs. The Revenue has also started to direct its attention towards the misuse of coronavirus support schemes, such as the furlough scheme and[…]

Chancellor Extends Furlough Scheme Until October

Yesterday, the Chancellor announced that the government’s Coronavirus Job Retention Scheme will remain open until the end of October. He confirmed that: The Coronavirus Job Retention Scheme will continue until the end of October Furloughed workers across the UK will continue to receive 80% of their current salary, up to £2,500 New flexibility will be[…]

Coronavirus Bounce Back Loan

Yesterday the Chancellor, Rishi Sunak, introduced us to a new addition to Government funding products designed to help small businesses stay afloat through the next few months. Government has recognised that although we appear to have passed the peak of the Covid-19 pandemic and that further financial help is needed. The Bounce Back Loan Scheme[…]

How Jack Ross can help you complete the Furlough Grant Application

The Coronavirus Job Retention Scheme was introduced by Chancellor Rishi Sunak shortly before the UK went into lockdown four weeks ago. The scheme ensures that any employer can ‘furlough’ staff for whom there is no longer adequate work, or simply not enough funds to pay their salaries. Furlough is more of an American term, with[…]