An update on changes to accounts filing
Following extensive engagement with stakeholders, changes to accounts filings will now be implemented from 1 April 2028. The changes include: requiring small companies and micro entities to file profit and loss accounts with Companies House, but with the option to opt out of publishing this information on the public register requiring all companies to file […]
Great British Summer Savings
The Government’s Great British Summer Savings. From 25/06/26 to 01/09/26 the rate of VAT will be reduced from 20% to 5% on on summer attractions over the summer holidays. This will apply to ticket prices for both adults and children, covering attractions such as fairs, theme parks, zoos and museums. It will also cover the […]
Reduced VAT on all Children’s Meals
From 25/06/2026 until 01/09/2026 VAT will be reduced from 20% to 5% on all children’s meals in restaurants and cafes. This article is published for information only. It provides only an overview and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any […]
10p per mile increase in tax free mileage rates
Chancellor Rachel Reeves has announced in a statement to Parliament that there will be a 10p per mile increase in tax free mileage rates, backdated to April 2026. This article is published for information only. It provides only an overview and no action should be taken without consulting the detailed legislation or seeking professional advice. […]
Today the Chancellor announced the introduction of the Job Retention Bonus
This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31 January 2021. The bonus will provide additional support to retain employees. To be eligible, employees will need to: Employers will be able to claim the bonus from […]
The Chancellor has announced a new scheme to help restaurants, bars and cafés
During August, diners can get 50% off Monday to Wednesday on meals and non-alcoholic drinks, up to £10 per person, when eating at participating restaurants, bars, cafés and other establishments that have registered. Once we know details of how you can apply for registration and administer the scheme we will provide further details. This article […]
VAT cut from 20% to 5% on food, drink, accommodation and attractions
VAT has been reduced from 15 July until 12 January 2021. The UK government will cut VAT from 20% to 5% on any eat-in or hot takeaway food and drinks from restaurants, cafes and pubs, excluding alcohol. This VAT reduction also applies to all holiday accommodation in hotels, B&Bs, campsites and caravan sites, as well […]
The Government has announced an increase in the Stamp Duty Land Tax (SDLT) threshold
The Government has announced an increase in the Stamp Duty Land Tax (SDLT) threshold in England and Northern Ireland, increasing the threshold under which no SDLT is paid on the purchase of a main home from £125,000 to £500,000, with immediate effect until 31 March 2021. This article is published for information only. It provides […]
As part of the Chancellor’s “Plan For Jobs” he has announced a new kickstart scheme and employment support schemes will be scaled up
A new £2 billion Kickstart Scheme will also be launched to create hundreds of thousands of new, fully subsidised jobs for young people across the country. Those aged 16-24, claiming Universal Credit and at risk of long-term unemployment, will be eligible. Funding available for each six-month job placement will cover 100% of the National Minimum […]
If you are entitled to claim for the SEISS grant and haven’t already done so, don’t delay!
If you are entitled to claim for the first Self-Employed Income Support Scheme grant and haven’t already done so act now. The deadline for making your claim is next Monday, 13 July 2020. The scheme has been extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or […]