The Government has started the new funding scheme called the “Recovery Loan Scheme” (RLS) for those businesses to recover and grow. Here is what you need to remember: This is financial support by Government for businesses who are genuinely affected by Covid-19. This loan is available for managing cash flow, investment and growth. You need […]
For all Budget Tax Rates 2019 to 2022, click here.
BUSINESS RATES IN ENGLAND AND WALES How your rates are calculated Business rates are payable on most non-domestic properties, including buildings part-used for non-domestic activity. A property’s rateable value (RV) is based on a Valuation Office Agency (VOA) valuation using open market rental values as of 1 April 2015, which is then multiplied by a […]
Budget 2021 speach has been delivered on the first of March by Chancellor Rishi Sunak. Click on the link below to read the whole speach. Budget 2021 speach
Are you sure you are not affected by IR 35 Legislation? 01 April 2021 IR35 is much ignored and confused legislation and will impact many businesses on 01 April 2021. Those businesses that provide services to a client through intermediaries must understand this. Even if you provide services directly to the client, this may impact […]
VAT domestic reverse charge applies 01 March 2021 In the 2017 budget, the Government announced a VAT reverse charge to combat “missing trader” fraud. The scheme is called VAT reverse Charge and the date of implementation is 01 March 2021. In simple words from 1 March 2021, the domestic VAT reverse charge must be used […]
New customs and tax rules for trading with the EU started on 1 January 2021. To continue trading with countries in the EU, there are actions you must take to make sure they are compliant and minimise costs and delays. Preparation You need an EORI number that starts with “GB” to import goods into England, […]
We have now entered into the 3rd Lockdown and the Government has acknowledged the impact by announcing new Financial Aid via different schemes. The nature of this support to businesses is implemented in many different ways. Bounce Back Loan Scheme (BBLS) Many business owners are familiar with Bounce Back Loan since early 2020. This scheme […]
We have now entered into the 3rd Lockdown and the Government has acknowledged the impact by announcing new Financial Aid via different schemes. The nature of this support to businesses is implemented in many different ways. 1 Self Employment and Universal Credit This financial support package helps with living costs. You can get it if […]
We have now entered into the 3rd Lockdown and the Government has acknowledged the impact by announcing new Financial Aid via different schemes. The nature of this support to businesses is implemented in many different ways. 1. Additional Restrictions Grant (ARG) This is a council-led grant to support closed businesses that don’t directly pay business […]