NIC reliefs set for Freeports
Freeport operators will be able to take advantage of a zero rate of secondary national insurance contributions (NICs) for employees, the government has announced. The National Insurance Contributions Bill 2021,…
Blog Posts
HMRC’s VAT Deferral New Payment Scheme to close this month
Businesses that deferred VAT payments last year have less than a month left to join online and pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has…
HMRC publishes details of final grants for self-employed
HMRC has published details of the eligibility criteria of the final two grants available under the coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS). At the 2021 Budget it was confirmed…
£20 million SME Brexit Support Fund opens for applications
The UK government has unveiled a £20 million Brexit support package to help small and medium-sized enterprises (SMEs) with changes to customs and tax rules when trading with the EU….
UK cuts electric vehicle grants by £500
The government has cut the Plug-in Car Grant and Van & Truck Grant by £500 and lowered the pricing cap on qualifying electric vehicles. The Department for Transport will now…
Domestic VAT reverse charge now in effect
The twice-delayed introduction of the domestic VAT reverse charge for construction services came into effect on 1 March 2021. The change was originally scheduled to come into effect from 1…
Online service opens for VAT deferral scheme
HMRC has announced that businesses that deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments. To…
Supreme Court backs small firms on business interruption claims
The UK’s Supreme Court has found in favour of small firms receiving payments from COVID-19 business interruption insurance policies. The test case was brought against insurers by the Financial Conduct…
Government urged by CBI to act on COVID business support ahead of Budget
The Confederation of British Industry (CBI) has urged the government to provide more financial assistance to businesses affected by the coronavirus (COVID-19) pandemic ahead of the Budget on 3 March…
Bonus of £1,000 to help businesses take on trainees
The government has announced that employers can now apply for a £1,000 bonus, a cash boost, to help them take on new trainees. The new scheme will support young people…
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