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Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will repay this outstanding tax. They can choose from the following options in order to do this: Pay the deferred VAT in full by 31 March 2021; Join the… Read more

Major changes to the VAT scheme for construction which HMRC are imposing will begin on 1st March 2021.  The reverse charge means that the customer receiving the service must pay the VAT to HMRC instead of the supplier.  In turn the customer can recover the VAT, subject to the normal rules for VAT recovery.  It is… Read more

We recently joined forces with Mole Valley Asset Management to provide a community-focused investment and business advice package to local businesses and individuals. If you would like to find out more, read this article. As part of this partnership, we will be bringing you a series of webcasts, which will showcase fantastic Yorkshire businesses. This… Read more

It was announced yesterday that the Coronavirus Job Retention Scheme (CJRS) and Covid-19 business loan schemes would be extended. Coronavirus Job Retention Scheme (CJRS) Businesses adversely affected by the coronavirus (COVID-19) can now make use of the CJRS until the 30 April 2021, with the government continuing to pay 80% of employees’ salaries (capped at… Read more

Over the next few months, we will be bringing you a series of webcasts in partnership with Mole Valley Asset Management, which will showcase Yorkshire businesses, offer insights for savings and investments, along with business advice such as managing cashflow. In the first episode of our “Finance Focus: Yorkshire” webcast series, which premiere’s today, we… Read more

The Brexit transition period comes to an end on 31 December this year. After this date, the UK will no longer be in the EU Single Market or Customs Union and free movement will stop. This will have a profound impact on many businesses, especially those that trade with European customers or suppliers. There is… Read more

The latest Government grants cover both the brief period York was in Tier 2 restrictions and the current national lockdown. Businesses may be eligible for up to 2 grants (1 from each period), as payments cover different periods and types of business. Each grant must be applied for separately. Businesses will be able to apply… Read more

The Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead. As part of its latest support package, the Self-Employment Income Support Scheme (SEISS) and the various Government-backed loans, including the Bounce Back Loan, Coronavirus Business Interruption Loan and Future Fund, will see further… Read more

Over the next few months, we will be bringing you a brand new series of podcasts in partnership with Mole Valley Asset Management (MVAM) focusing on: Macroeconomics – inflation, economic growth, national income, unemployment Yorkshire business showcase Accounting/Business Advice – get in shape for today and beyond November Speakers Alan Higgins CIO – Coutts &… Read more

The Government has extended the Coronavirus Job Retention Scheme (CJRS) following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close. It has also confirmed that those businesses that are required to close will be eligible for business grants of… Read more