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North and West Yorkshire Stage 1 applications for the SME and Kick-starting tourism grant funding close at 10am on Monday 5 October. The government has announced new SME and Kick-starting tourism grant funding to help small and medium-sized businesses (SMEs) gain access to professional support, new equipment and technology. The grant can cover digital, legal,… Read more

On Thursday 24 September the Chancellor delivered his “Winter Economy Plan”, in lieu of the Autumn Budget which has been cancelled. This is not surprising, given that it is difficult for anyone, individuals, businesses, or countries to budget at the moment. His plan was very much business focused, and the main announcements are detailed below: Job… Read more

Reporting and payment of capital gains tax (CGT) on the sale or disposal of residential property were introduced by HMRC on 6 April 2020.  The CGT changes were previously reported in our blog earlier in the year. We have set out below the main points to note on 30-day reporting as a reminder. CGT reporting and… Read more

Updated: 5h November 2020 – The Jobs Retention Bonus (JRB) will now not be paid in February and the government will redeploy a retention incentive at the appropriate time. The purpose of the JRB was to encourage employers to keep people in work until the end of January. However, as the CJRS is being extended… Read more

The government has recently announced Making Tax Digital legislation will extend MTD to low turnover businesses and eventually to the realm of income tax. Presently, only businesses with an annual turnover in excess of £85,000 must file returns using approved software and keep a digital record of transactions. However, from April 2022, all VAT registered… Read more

The British Business Bank has announced that the Coronavirus Business Interruption Loan Scheme (CBILS) will be extended by two months to 30th November 2020 for lenders. So far, applications still have to be submitted to lenders by businesses by 30th September, although there are many campaigning for this to be extended. How does it work? This… Read more

Small businesses in England can now benefit from a new tranche of government grants designed to help them recover from the impact of coronavirus through professional advice – including guidance from accountants. The scheme, which opened on 19 August, dispenses grants of between £1,000 – £5,000 to small and medium-sized businesses from an overall fund… Read more

In an attempt to kick start the hospitality industry, earlier this month the government introduced the Eat Out to Help Out Scheme. The scheme will run until the 31st August and will provide diners with a 50% discount on food purchases up to a maximum of £10 per diner. The Eat Out to Help Out… Read more

The Chancellor’s Summer Statement on 8 July was a bit of good news for some of the sectors that have been hardest hit by COVID-19.  Rishi Sunak announced that from 15 July 2020 until 12 January 2021 certain supplies of hospitality, accommodation and admission to attractions will be subject to VAT at 5% rather than… Read more

Are you struggling to keep track of all the different funding schemes and Covid reliefs?  We have pulled together a handy reference guide to remind you of key dates and deadlines over the next 8 months, to ensure that you don’t miss out on any of the available reliefs. View the full Coronavirus Financial Support… Read more