The Government has set up an arbitration system to help resolve outstanding commercial rent debt. This is following the general moratorium on commercial eviction ending. From 25 March, a legally binding arbitration process is available. This is in place for eligible landlords and tenants who have not yet reached an agreement. The Government hopes this[…]
The year 2020 ushered in several changes in the workplace. Almost all office workers were forced to move their workspaces to their homes due to the COVID 19 Pandemic. Now its 2022 and some businesses are choosing to return to the office. For many, working from home allowed them to enjoy a more flexible and[…]
New businesses can still grow and flourish. Not much can stop determined entrepreneurs from building a new business from the ground up. Even during such challenging times as a COVID-19 or its ensuing fallout budding business owners are succeeding. The pandemic has proven a huge challenge for businesses. 396,155 UK firms closed in 2020 according to[…]
Businesses that deferred paying VAT between 20 March 2020 and 30 June 2020 do not need to pay the full amounts by the end of this month. VAT-registered firms were not required to make VAT payments during this deferral period, and initially had until 31 March 2021 to pay any liabilities. However, the Government’s winter[…]
Had everything gone to plan this year, the Chancellor would have been delivering his Autumn Budget speech. Instead, Rishi Sunak declared an “economic emergency” alongside a slimmed down spending plan to see him through until spring. Nobody in government would privately claim there is any way to avoid tax rises at some point, but the[…]
On Friday 30 October, we published an article on the Job Support Scheme (JSS) which was due to come into effect on 1 November. Now that England will enter new National Restrictions from 5 November, the JSS has been withdrawn. Extended Furlough Scheme In its place is a new furlough scheme which will pay employers[…]
The Chancellor announced on 24th September that the Job Retention Scheme is changing to the Job Support Scheme (JSS). This is to support individuals and businesses during the challenges created by coronavirus. It should allow employers to retain their employees in the event of less demand, or a mandatory shutdown. The JSS will be split[…]
The Chancellor has scrapped his Autumn Budget, but this afternoon he set out a series of measures to help businesses over the next six months. All the measures are welcome, and below you can see more detail (taken from the Government website). In summary Rishi Sunak announced the following A new Job Support Scheme where[…]
Even among those who follow good tax-planning practice and maintain forecasts running several years forward, it is unlikely that many foresaw the dramatic end to the 2019/20 tax year. With the arrival of COVID-19 and the subsequent lockdown, the economy shrank a record 20.4% in April 2020, and 19.1% in the three months to May[…]
Since the Budget in March, businesses have seen a stream of different support schemes and policies announced to help them manage the financial impacts of the coronavirus lockdown. When Chancellor Rishi Sunak stood in the House of Commons again on 8 July, it was in the context of the gradual reopening of the economy, with[…]