Are you eligible for second grant? Earlier this year the Government announced arrangements for the self-employed to potentially receive a grant to help mitigate the financial effects of COVID-19. The scheme allowed the self-employed, if eligible, to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single…
Changes to the furlough scheme offer some respite for employers At the end of last month, nearly 10 million people from over 1 million employers were on the Government’s job retention, or furlough scheme. It has provided a vital lifeline for employees who might otherwise have been made redundant from companies during the recent lockdown…
On 8 July 2020, as highlighted in our previous post, the Chancellor, Rishi Sunak, announced a six-month reduction in the VAT rate on supplies of food and non-alcoholic drinks from restaurants, pubs, bars and cafés. The Chancellor also announced that the same VAT reduction would apply to supplies of accommodation and admission to tourist attractions.…
By Nikki Spoor, Travel, Audit and Tax Director at White Hart Associates The Government’s Coronavirus Job Retention Scheme is so far estimated to have cost the Treasury around £14bn per month and helped protect millions of jobs in the UK. However, there is a feeling that the furlough scheme, as it is called, is also…
By Chris Photi, Head of Travel and Leisure at White Hart Associates The travel industry has been through the toughest period anyone can remember and unfortunately it is set to get worse before it gets better. The government’s quarantine rules and advice against travel, coupled with the tapering off of the furlough scheme, will put…
A new Discretionary Grants Scheme has become available for those who were not able to access a grant in the first round of financial aid offered from the Government. This new fund will be provided by Local Authorities for businesses financially struggling. It is discretionary, so not definite, but might be worth investigating for your…
Since the start of the lockdown period, the Government have introduced a package of support measures for businesses affected by the Covid-19 outbreak. The Coronavirus Statutory Sick Pay Rebate Scheme was introduced as part of these measures. Since HMRC have also made a number of legislative changes to measures since the Chancellor’s Announcement, we have…
The Government have now finalised the arrangements for the self-employed to potentially receive a grant to help mitigate the financial effects of COVID-19. The scheme will allow the self-employed, if eligible, to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months and capped…
By Christopher Photi – Head of Travel and Leisure at White Hart Associates The Chancellor has provided numerous support measures from the Government to help UK businesses during this unprecedented time. Our dedicated team at WHA wanted to provide a concise list of all of the measures open to you and your business. These Government…
The HMRC Government furlough reclamation portal is now live and open for processing your claim. The active HMRC portal can be accessed here: https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme In order to process a claim, you will need to provide the following information: 1. Your Government Gateway ID and password. 2. Your employer PAYE reference number. 3. The number of…
