You may be aware that the Domestic VAT Reverse Charge (hereafter ‘DRC’) will be introduced from 1 March 2021 as an anti-fraud measure for VAT. The scheme affects business selling services in the construction industry so if this applies to you then please read on as it...
The First Minister of Wales announced further national restrictions that will impact the hospitality sector. Below are the details of the financial support that was also announced. Economic Resilience Fund (ERF) Restrictions Business Fund The ERF Restrictions...
The Chancellor announced further extensions to the Job Retention Scheme (JRS) and the Self Employed Income Support Scheme (SEISS) so that both will now run until March, subject to a review in January. Details are as follows: Job Retention Scheme Extension The JRS will...
The Economic Resilience Fund Phase 3 application process opens on Monday 26th October and will remain open for four weeks or until funds are fully committed. The fund is likely to be popular so it’s essential your claims are made as soon as possible. To recap, this...
It’s been another week of announcements on how the Government intends to deal with Covid-19 and the financial support packages that are to be in place to support businesses and jobs throughout this time. The most significant change announced yesterday was the changes...
You may have seen recently that the Chancellor announced plans to allow Self Assessment Income Tax payments to be spread over a period of time to ease cash flow over the next few months. Below are details of how this scheme will operate. Self Assessment Enhanced...
