What to expect from postponed MTD
Expect the need to do more towards MTD despite postponement.
Expect the need to do more towards MTD despite postponement.
Today the Chancellor announced the introduction of the Job Retention Bonus , among other measures as part of a £30bn plan to prevent mass unemployment as a result of coronavirus. Here are some of the key updates to the CJRS scheme that might affect your business.
In the wake of the Covid-19 global pandemic follows a financial crisis in the making and a huge question is how will the government manage the £300bn deficit? Covid-19 has caused a seismic economic shock and the aggregation of a staggering national debt with the bill rising by £20bn in a fortnight as tax revenue dwindles and state spending soars to head off economic meltdown....
June 2020 News Update – featuring additional news developments from our newsletter series Welcome to Prestige Business Management’s monthly newsletter. We will help keep you informed of the latest news, developments and issues relating to tax and financial affairs. This month, Chancellor Rishi Sunak announced updates to the coronavirus retention scheme, on 1st July, employers have the flexibility to bring previously furloughed employees back to...
As the coronavirus pandemic sweeps the globe, we have seen millions of workers shift their offices and working practices, to working from home, but what does it take to achieve productive home working? We examine the top tips of the trade and the best software to help you succeed in productive home working. From ‘digital nomads’ to teams distributed globally, working remotely is nothing new, ...
The Chancellor has set out more details on how the Coronavirus Job Retention Scheme will continue to support jobs and business as people return to work, following the announcement of an extension of the scheme on 12th of May. So far, the CJRS has helped one million employees across the UK furlough 8.4 million jobs, protecting people’s livelihoods. In addition the government’s self-employment income support...
May 2020 News Update – featuring additional news developments from our newsletter series This month has seen a decision from Rishi Sunak to continue to support businesses recovery by extending the Coronavirus Job Retention Scheme “cut-off” date until October. Whilst we also see boosted support for “Green Recovery” from the “The Clean Growth Fund” with a £40m investment, open to UK start-ups with low-carbon and...
Millions of UK employees are now working from home due to the coronavirus outbreak. If you are an employee working from home, you could be eligible to claim a working from home tax refund for the extra expenses that you incur as a result, such as gas and electricity. Typically as an employee working from home during Covid-19, you will be making great savings by...
The Government has unveiled a new support finder tool. This is to help UK businesses and the self-employed understand what funding support is available to them during the Covid-19 pandemic. Also outlined is how quickly and easily that funding can be made available to help their businesses survive the current crisis. What has the Government Announced? New online platform to help businesses easily access the...
The much-maligned IR35 roll-out for the private sector was delayed earlier this year. However, with Covid-19 causing unprecedented economic damage, there is still disquiet around IR35 and what it will mean for contractors and freelancers in 2021. Here is what we know so far? On Tuesday, 17th of March 2020, HM Government announced that IR35 changes planned for private sector contractors would now be delayed...
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