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Coronavirus Business Interruption Loan Scheme Updated: 7th April 2020 On 20th March 2020, the Chancellor of the Exchequer, Rishi Sunak, announced several measures to help businesses across the UK who will be affected by the Covid-19 coronavirus. The situation is changing rapidly. This was the third significant announcement by the Chancellor in 10 days. Subscribe[…]

Support for retail, hospitality and leisure businesses that pay business rates – 20 March 2020

Following the covid-19 coronavirus outbreak, the government have introduced targeted measures for retail, hospitality and leisure businesses that pay business rates. The following has been taken directly from the UK government website. If you need our help or further advice, please email your usual Jack Ross contact. Support for retail, hospitality and leisure businesses that[…]

Covid-19 Self Assessment Income Tax Deferral Scheme – 20 March 2020

On 20th March 2020, the Chancellor of the Exchequer, Rishi Sunak, announced several measures to help businesses across the UK who will be affected by the Covid-19 coronavirus. The situation is changing daily and there is scant detailed information coming from the government. We will be keeping our website up to date and ensuring we[…]

Business investments

Cautious Businesses Delaying Investments

Businesses are in no rush to make investments amid the ongoing uncertainty of Brexit, according to the Institute of Chartered Accountants in England and Wales (ICAEW). More than one in four businesses are delaying investment decisions as the government continues negotiations with the EU. As a result of their collective cautiousness, 61% of those firms[…]

Pension reforms could cost £5 billion

The pension reforms introduced by George Osborne could cost £5 billion and push house prices up in the long term, according to the Office for Budget Responsibility (OBR). The report examined the projected economic effects of a range of the ex-chancellor’s reforms, including the pension freedoms and savings products such as the Help to Buy[…]

Lifetime ISAs

A guide to the Lifetime ISA. Announced by Chancellor George Osborne in Budget 2016 and launching on 6 April 2017, the Lifetime ISA is designed to provide a tax-efficient option for people saving for a first home or retirement. Buying a first home and saving for retirement represent 2 of the most important aspects of[…]

150,000 secure home ownership from Help to Buy

More than 150,000 people have bought a home using the Help to Buy Scheme since its launch in 2013. The mortgage guarantee scheme, which allows lenders to buy a guarantee on mortgage loans, has proved popular with first-time buyers. The Treasury reports that 79% of mortgage completions through the mortgage guarantee scheme were people buying[…]