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Topic: Covid-19

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Further Grants Announced

Further to the new lockdown announcements, Rishi Sunak has announced more grants to support business

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Extension of Annual Investment Allowance (AIA)

HM Treasury has now announced that businesses, including manufacturing firms, can continue to claim up to £1m in same-year tax relief through AIA.

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CJRS Update – Notice Periods

HMRC have now advised that from 1 December 2020, employers will not be able to make claims for any employees serving either contractual or statutory notice periods.

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Retrospective Working Arrangements – Deadline

If you are revising your employees working arrangements with regard to the extended CJRS (Furlough Scheme) the deadline is 13 November – Act Now!

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Furlough Scheme Extended Further

The government has announced a new lockdown for England lasting for one month until the 2 December 2020. As a result of this, the government have postponed the introduction of the Job Support Scheme (JSS) which was due to start 1 November 2020 and was meant to replace the existing Coronavirus Job Retention Scheme (CJRS), also known as the Furlough Scheme.

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Increased Support for Self Employed November 2020

In line with the Furlough Scheme extension, the government have announced, on 2 November, that they will be increasing support for the self-employed and ensuring faster payments. This provides broadly equivalent support to the self-employed as is being provided to employees through the government contribution in the Coronavirus Job Retention Scheme in November and then the Job Support Scheme in the two subsequent months.

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Existing Furlough Scheme Extended

The government has announced a new lockdown for England lasting for one month until the 2 December 2020. As a result of this, the government have postponed the introduction of the Job Support Scheme (JSS) which was due to start 1 November 2020 and was meant to replace the existing Coronavirus Job Retention Scheme (CJRS), also known as the Furlough Scheme.

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Finance Update October 2020

On Friday, Rishi Sunak announced an effective extension to the Job Support Scheme to apply to businesses that are legally required to close as a result of local lockdown requirements. Due to the constant ongoing financial changes and forthcoming changes to local lockdown measures we thought it would be a good idea to set out what measures may be available to businesses.

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Business Confidence Survey

During August and September we carried out our Covid Business Confidence Survey in conjunction with ICAEW. We wanted to understand your responses to the financial…

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