June 3, 2020
Covid-19: furlough and self-employment support schemes amended
Chancellor Rishi Sunak has announced changes to the government’s coronavirus support schemes, including part time working and a tapered employers’ contribution, and a second grant payment for the self-employed. From...
March 30, 2020
Self-employed to get 80% income grant
Chancellor Rishi Sunak has announced the government will pay self-employed people a taxable grant based on their previous earnings over the last three years, worth up to 80% of earnings,...
March 24, 2020
COVID-19: support for businesses
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes...
March 19, 2020
IR35 private sector reforms delayed until 2021
In an announcement at the end of the parliamentary debate on the Budget speech, Steve Barclay, chief secretary to the Treasury, said: ‘The government is postponing the reforms to the...
March 13, 2020
Chancellor unveils small business friendly budget, strong emphasis on coronavirus & the Bank of England opted for another rate cut in order to help the economy battle the coronavirus.
The Chancellor has announced a pro-business set of measures, including an overhaul of entrepreneurs’ relief, extension of the retail discount and a 30 billion pound stimulus plan to curb the...
January 11, 2020
Government launches review into IR35
The review into the implementation of changes to the off-payroll working rules will determine if any further steps can be taken to ensure the successful implementation of the reforms, which...
January 9, 2020
Budget set for 11 March
The Chancellor of the Exchequer, Sajid Javid, has announced that the first post-Brexit Budget will take place on Wednesday 11 March 2020, and will focus on ‘delivering world-class public services...
December 20, 2019
Queen’s Speech confirms to increase R&D tax credits and rise in NIC threshold
Plans to increase the threshold for national insurance, overhaul the audit regulator and hike research and development (R&D) tax relief and were confirmed in the Queen’s Speech. The plan is...
December 6, 2019
HMRC updates guidance on trusts and capital gains
The HMRC has issued an updated guide on the tax-free allowance for trusts and how to report capital gains tax (CGT).