Time really is running out for post-Brexit preparations.
The Government is operating a very useful checklist facility via the following web site. This will help you to identify how this major change will affect your business as of 1st January 2021.
To receive a personalised list of actions, visit the Government Brexit Transition web site:-
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From the 1stMarch 2021, the new “VAT reverse charge for building and construction services” system will become effective.
Although this VAT change has been spoken about previously, it is important to appreciate that it will require bookkeeping/invoicing changes and staff training. The new system will also impact cash-flow, and it may result in your business switching to monthly VAT returns. ad+ […]
From 2nd November, a Scottish business that has been required to close by law or to significantly change its operations due to COVID-19 restrictions, may be eligible to apply for this grant.
The value of the grant is comparatively small and dependent upon whether the business has been forced to close or restrict trading.
[A] If your business is required to close […]
The “Job Support Scheme” has been postponed, and the “Coronavirus Job Retention Scheme” has been extended until 31st March 2021.
The extension of this furlough scheme will apply for claims between 1st November 2020 and 31st March 2021.
During the period 1st November to 31st January furloughed employees will receive 80% of their usual salary for the hours not worked. Maximum grant […]
Just a week to go until the start of next Self Employment Income Support Scheme Grant (SEISS) payments.
The first payment will be paid to those who are currently eligible for the Self Employment Income Support Scheme. They must continue trading, despite reduced sales due to the crisis.
This lump sum grant will be calculated on profits earned during 1st […]