HMRC to investigate Eat Out to Help Out scheme claimants

Nov 19, 2020

Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced. The warning comes after the regulator revealed that it would ...

Blog, Business Advice, SMEs

Proposed R&D cap for SMEs published

Nov 16, 2020

On 12 November 2020, the details of the proposed Small and Medium-sized Enterprise (SME) Cap, which is due to come into effect on 1 April 2021, was published. This cap is on the amount of payable credit ...

Blog, Business Advice, HMRC

Temporary Annual Investment Allowance extended to January 2022

Nov 12, 2020

The temporary Annual Investment Allowance (AIA) will be extended until 01 January 2022 to “stimulate investment in UK manufacturing”, it has been announced. The measure – which increases the allowance from £200,000 to £1 million - was due to end in ...

Blog, Business Advice

HMRC urges businesses to act ahead of end of transition period to “avoid disruption”

Nov 05, 2020

HM Revenue & Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to “act now” ahead of the end of the Brexit transition period. The letter, found here, outlines the actions businesses need to take to “avoid disruption” to ...

Blog, Business accounting, Business Advice, SMEs

SMEs are still chasing unpaid invoices

Sep 28, 2020

The disruption of business, due to the coronavirus pandemic, has meant many companies are still waiting on unpaid invoices from their debtors. According to a Freedom of Information request to the Small Business Commissioner (SBC), submitted by the UK Domain, there ...

Blog, Business Advice, SMEs

More businesses invited to apply for Covid-19 support after EU State Aid changes

Aug 03, 2020

Even more struggling businesses affected by Covid-19 can now access finance under the Coronavirus Business Interruption Loan Scheme (CBILS), it has been announced. It comes after changes to EU State Aid rules, meaning businesses classed as “undertakings in difficulty” now have ...

Blog, Business Advice, HMRC, SMEs, Tax

Chancellor offers reassurance regarding ‘soft’ IR35 landing

Feb 27, 2020

The new Chancellor, Rishi Sunak has offered reassurance to contractors that HM Revenue & Customs (HMRC) will ensure a soft landing is in place for the first year following the implementation of the IR35 rules. This means that HMRC will not ...

Blog, Business Advice, SMEs

Government launches consultation on plans for new freeports

Feb 13, 2020

The Government has launched a consultation on plans to create up to ten freeports across the UK in a bid to encourage global trade and attract inward investment following Brexit. The proposed freeports will use different customs rules to the remainder ...

Blog, Business Advice, SMEs

Government extends deadline to claim post-Brexit customs support

Feb 11, 2020

The deadline for applying for customs and tariff support has been extended to 31 January 2021, the Government has announced. The grant funding scheme, launched in September 2019, was set to close on 31 January 2020. Under the scheme, small and medium-sized ...

Blog, Business Advice, SMEs

Get up to speed with new off-payroll working rules

Jan 20, 2020

Ahead of the introduction of the new off-payroll working rules, HM Revenue & Customs (HMRC) has published a factsheet outlining the changes and what they mean for small businesses. Under the legislation, officially known as IR35, employers will be held responsible ...

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