Six new Covid restrictions

Covid update September

The Prime Minister addressed the House of Commons to set out his six new Covid restrictions. This was after chairing an emergency COBRA meeting to discuss the introduction of new social distancing measures. Prime Minister Boris Johnson said: ‘we have reached a perilous turning point. ‘The government will introduce new restrictions in England carefully judges … Read more Six new Covid restrictions

New grants available to businesses in local lockdown areas

local lockdown grants COVID-19

If your business is located in England and in an area designated for local lockdown, then you may be eligible to receive a new support grant announced 9 September 2020. What the government has said Businesses in England required to close due to local lockdowns or targeted restrictions will now be able to receive grants … Read more New grants available to businesses in local lockdown areas

Working families affected by Coronavirus

Tax free childcare

Working families, who are eligible for Tax-Free Childcare or 30 Hours Free Childcare but have temporarily fallen below the minimum income requirement as a result of the pandemic, will continue to receive financial support until 31 October. Critical workers who may exceed the income threshold for the 2020-21 tax year, as a result of working … Read more Working families affected by Coronavirus

Tax Credits Renewal 2020

Tax Credits renewal 2020

Time to Renew Tax Credits HM Revenue and Customs (HMRC) is reminding tax credits customers that they need to tell HMRC about any changes in their circumstances or income by 31 July. Tax credits help working families with targeted financial support so it is important that people don’t miss out on money that they are entitled to. Renewing tax credits online is quick … Read more Tax Credits Renewal 2020

Hospitality and Accommodation Reduced VAT

Hospitality and accommodation reduced VAT rate

Further support for hospitality and accommodation businesses in the form of reduced VAT. The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: hospitality hotel and holiday accommodation admissions to certain attractions The temporary reduced rate will apply … Read more Hospitality and Accommodation Reduced VAT

Chancellor’s Plan For Jobs 8th July 2020

Chancellor's plan for jobs

The Chancellor Rishi Sunak has set out his plan for jobs which he hopes will spur the UK’s recovery following the Coronavirus pandemic. Delivering his Summer Economic Update in Parliament, the Chancellor announced a package of measures to support jobs in every part of the country, give businesses the confidence to retain and hire, and … Read more Chancellor’s Plan For Jobs 8th July 2020

Subscribe to our Newsletter

Keep Up-to-date with the latest TAX And Accountancy news

Limited company Formation

From AJR & Co Ltd