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 […]
Tag Archives: covid
13
Aug
Aug
Covid-19 related fraud is reportedly on the rise, with employers putting pressure on employees to continue to work when on furlough or businesses obtaining rates grants when not meeting the relevant conditions. HMRC is seeking to regulate its powers to deter deliberately incorrect claims through penalties and recover funds through self-assessment. It is expected that […]
13
Aug
Aug
Under the statutory residence test (SRT), an individual self-assesses whether they are UK resident and this is often by reference to a day count test (how many midnights are spent in the UK). Within the SRT is a let out for days where an individual finds themselves in the UK as a result of ‘exceptional […]