No more delay to new reverse charge for builders

New rules were supposed to apply to construction businesses that buy and sell services as part of a larger supply chain from October 2019. However, these were delayed twice. What’s the latest? The new reverse charge for builders is aimed at preventing “missing trader” VAT fraud in the construction industry. This is where a contractor … Continue reading No more delay to new reverse charge for builders

Just days left to claim third coronavirus business grant

The third coronavirus grant claim deadline is fast approaching. If you haven’t yet applied, what do you need to do? The Self-Employment Income Support Scheme (SEISS) was initially intended to cover the two quarters to 31 October 2020, but was extended for a further two quarters due to the ongoing restrictions on businesses. The SEISS … Continue reading Just days left to claim third coronavirus business grant

Covid 19: further support for “non-essential” businesses announced.

This morning (5th January 2021) it's been announced that retail, hospitality and leisure businesses will be entitled to extra coronavirus support. What details are available? Although many businesses deemed “non-essential” were already closed due to being in Tier 3 or 4 areas, the Prime Minister’s announcement last night that the whole of England was being … Continue reading Covid 19: further support for “non-essential” businesses announced.

Changes to the Furlough Scheme from 1st September

The HMRC is making changes to the Coronavirus Job Retention Scheme (CJRS) from 1‌‌st September and what this means for you.   What you need to do from 1‌‌ September From 1‌‌ September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work.You will still need to pay your … Continue reading Changes to the Furlough Scheme from 1st September