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  • Business Bounce Back Loan scheme

    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. 

  • Deferral of VAT payments due to coronavirus (COVID-19)

    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 & Grants

    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

  • Self-employment Income Support Scheme

    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

  • Coronavirus Job Retention Scheme

    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

  • Renew Tax Credit

    Tax credits could go up, down or stop if there are changes in your family or work life. Must report any changes and change any circumstances to the Tax Credit Office. Make sure you have as much information as possible about the change, eg if you’ve...

  • Business Property Relief for Inheritance Tax

    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...

  • Annual Tax-Free Allowances for Property or Trading Income

    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