Available to lenders from 19 April 2021, a new government-backed mortgage scheme will help people with 5% deposits get on to the housing ladder. As announced at the 2021 Budget, the scheme will help first-time buyers or current homeowners secure a mortgage with just a...
HMRC has stated that, employees who are working from home will need to make new claims for tax relief for the 2021/22 tax year. Employers have been able to pay employees up to £6 a week tax-free from 6 April 2020, to cover additional costs if they have had to work...
Since the coronavirus (COVID-19) support scheme was launched last May, more than 1.5 million Bounce Back loans have been taken out. According to the Treasury, borrowing by businesses is now over £46 billion. The Coronavirus Recovery Loan Scheme is set to replace the...
Business rates relief is to be extended with a £1.5 billion fund targeted at those businesses unable to benefit from the current coronavirus (COVID-19) support. As part of a 15 month-long relief which runs to the end on June this year retail, hospitality and leisure...
Nigel Holland Small and medium-sized enterprises (SMEs) requiring advice on imports and exports can now apply for a grant of up to £2,000. What you’ll be able to use the grant for You can use the grant for training on: how to complete customs declarationshow to manage...
HMRC has announced that tax agents and accountants will be able to send bulk appeals against late filing penalties for tax returns filed after 28 February, if the reason for late filing is due to the COVID-19 pandemic. This comes after HMRC said that penalty notice...
Nigel Holland ” There have been worrying developments regarding the HMRC payment holiday and the deferral which has been offered. Class 2 payments must be made to qualify for certain benefits and although the government’s help is appreciated it could have...
Nigel Holland ” Here are the tax tables for 2020/21 which have been announced in the recent budget.”Nigel Holland Rates and thresholds for employers 2021 to 2022 Use these rates and thresholds when you operate your payroll or provide expenses and benefits...
Nigel Holland “A budget which will continue to support the economy as well as trying to pay back the costs of borrowing in the future.Furlough extended, coronavirus support extended, no change to rates of income tax. Corporation tax to shoot to 25% by...
Many businesses are receiving Grants from the Local Council. Nigel Holland If your income/sales has fallen by more than 40% as a result of Covid 19 apply to your council for a grant We would be able to complete this application immediately. We are very keen to help...
