Read our latest Practice News as well as sector specific and accountancy updates from across the UK.
We are all too aware how rapidly the COVID-19 crisis escalated. And, equally many of the Government’s funding and grant schemes were implemented rapidly, with urgency rather than clarity being the driver. With that detail now available, HMRC are asking employers and individuals to inform HMRC if they believe they may have overclaimed the Coronavirus […]
As lockdown restrictions continue to ease across home and business life the levels of perplexity seem to increase. The aim of our updates is to reduce that perplexity. Today, we have more clarity on the Flat Rate Scheme following on from the VAT changes. Also, reminders concerning the required information that needs to be given […]
After the high-level announcements earlier this week, more information is gradually being released in relation to the latest business and financial support. The VAT reduction, although in place by the middle of next week, still has a number of areas that require further clarification. We hope the FAQs below might answer a number of your […]
Chancellor Rishi Sunak has revealed his summer economic update with the aim of mitigating the impact of the COVID-19 crisis. The key focus was boosting job creation and stimulating consumer spending, particularly in the hard-hit hospitality sector. All the business support measures will be very welcome. As we have said many times before, the devil […]
There are a number of grant and funding schemes that are coming close to their application deadlines. These include the Self-Employment Income Support Scheme (SEISS), Scottish B&B Hardship Fund, Scottish Newly Self-Employed Hardship Fund, Scottish Small Business Support Grant and the Scottish Retail, Hospitality, Leisure Support Grant. If you haven’t already made your application, you […]