Prior to 11 March 2020, business owners could sell multiple, qualifying businesses during their lifetime, and as long as the total chargeable gains did not exceed £10m, a reduced rate of Capital Gains Tax of just 10% would apply.
Since budget day, 11 March 2020, this lifetime...
5 months 3 weeks ago
It is unlikely that our businesses will be unaffected by the inevitable slow-down in economic activity as the Coronavirus outbreak starts to bite.
Maintaining a strict control over your personal and business cash-flow is going to be a key decider in surviving this process.
A major...
5 months 3 weeks ago
In England
The government will increase the Business Rates retail discount to 100% for one year, expand it to the leisure and hospitality sectors and increase the rates discount for qualifying pubs to £5,000. Taken together with existing small business rate relief (which provides...
5 months 3 weeks ago
The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived from self-employment.
A list of the scheme...
6 months 23 hours ago
Further support to businesses and the self-employed, to delay the payment of various taxes was announced last week. They include:
VAT
Any VAT that falls due for payment in the period from 20 March 2020 to 30 June 2020 can be deferred until the end of the 2020-21 tax year.
This is...
6 months 1 day ago
As one of the additional measures to support businesses affected by the Coronavirus outbreak, Rishi Sunak announced last week that HMRC is to step in and pay up to 80% of furloughed staff wages up to a monthly maximum of £2,500 per employee.
Initially, this sounded as if HMRC was...
6 months 3 days ago
On Friday, the Chancellor went significantly further than in the history of this great county, with a series of unprecedented announcements in the Government’s support of businesses, employees and individuals.
The range of measures for UK businesses is significant and now includes...
6 months 4 days ago
There were a number of reliefs in the recent budget to support small business owners during the present Coronavirus outbreak. We have listed below some of the issues covered in a recent government news item.
Statutory sick pay (SSP)
The government will bring forward legislation to...
6 months 1 week ago
The Chancellor, Rishi Sunak, outlined a raft of further measures to support the UK’s ailing businesses, those affected by the forbidding COVID-19 outbreak. The list that follows summarises his announcements in the order they were announced:
6 months 1 week ago
The government has published a number of measures to support individuals during the current Coronavirus outbreak. We have summarised below some of the issues covered in a recent post-budget press release.
Statutory Sick Pay
Statutory Sick Pay (SSP) will now be available for...
6 months 1 week ago
Pages
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Are you ready for NHS COVID-19 app? https://t.co/8BqiGpgo4O -
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Employer obligations to employees working at home https://t.co/8sTz75ytNB
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Are taxes on the increase? https://t.co/wjRrbvEzKF
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Government support for certain self-isolating cases https://t.co/Q1EW7EPDpq
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E-commerce eases COVID disruption https://t.co/FheEiuJVCq
