Small businesses boosted by bounce back Loans New 100% government backed loan scheme for small business. The Bounce Back Loan scheme is aimed at small businesses. The scheme is available from 9am Monday 4 May. It is designed to provide financial help, quickly.
Temporary changes to the VAT payments due between 20 March 2020 and 30 June 2020 to help businesses manage their cash flow. If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to: defer the payment until a la
Business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. Eligibility You are eligible for the business rates holiday if: your business is based in Englandyour business is in the retail, hospitality and/or leisure sector Pro
The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19). This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,5
The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least 3 months starting from 1 March 2020. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19). Employers can claim for 80% of furloughed emp
Business property relief (BPR) for inheritance tax (IHT) purposes is perhaps most commonly claimed in respect of an individual’s owner-managed company. The rate of BPR for the individual’s shares in an unquoted trading company is 100% in most cases. The same generally applies to a...
The tax-free allowances you can get up to £1,000 for property or trading income from 6 April 2017. If you have both types of income, you’ll get a £1,000 allowance for each.If your gross trading or property income is below £1,000 and you’re not registered for Self-Assessment, you