Today (20/03/2020) the Chancellor Rishi Sunak has announced a number of further financial aid measures to help businesses and individuals during the Coronavirus crisis
During today’s press conference the Chancellor announced a number of new financial measures to help businesses and individuals during the current Coronavirus crisis. His announcement included the following: In addition the Prime Minister has also announced the closure of all cafes, pubs, bars, clubs, restaurants, gyms, leisure centres, nightclubs, theatres and cinemas from tonight. A […]
The Bank of England has further reduced interest rates
Today the Bank of England has announced a further cut in the base rate of interest from 0.25% to 0.1% taking the cost of borrowing down to the lowest level in history. The Bank also said it would increase its holdings of UK corporate and government bonds by £200bn with an effort to lower the […]
The government have announced a postponement of the reforms to the off-payroll working rules from 6 April 2020 to 6 April 2021
On Tuesday, Steve Barclay the Chief Secretary to the Treasuryannounced the government is postponing the reforms to the off-payroll working rules, IR35, from 6 April 2020 to 6 April 2021. The suspension comes in response to the ongoing spread of COVID-19 and is a deferral, not a cancellation.
Coronavirus: if your company cannot file accounts with Companies House on time
If Coronavirus (COVID-19) has affected your company and you need more time to file your accounts, you should act before your filing deadline. If before the company is due to file their accounts and it becomes apparent that accounts will not be filed on time due to your company being affected by Coronavirus (COVID-19), you may […]
Chancellor Rishi Sunak has unveiled his latest package of financial measures to protect businesses against the impact of Coronavirus
Chancellor Rishi Sunak told a press conference it was an “economic emergency. Never in peacetime have we faced an economic fight like this one” and he promised that if this package was not enough, he would go further. Following the Chancellors Budget announcements last week Rishi Sunak has now announced the following financial measures to shore up […]
Our summary of the Chancellor’s 2020 Budget
We have pleasure in providing you with our summary of the Chancellor’s 2020 Budget. Our summary of the Chancellor’s 2020 Budget is now available to download here. Following the UK’s departure from the EU, Chancellor Rishi Sunak presented the 2020 Budget against a backdrop of economic uncertainty caused by the spread of the coronavirus. Our Budget […]
The Bank of England has reduced interest rates to shore up the economy amid the coronavirus outbreak
Today the Bank of England has announced a cut in the base rate of interest from 0.75% to 0.25% taking the cost of borrowing back down to the lowest level in history. The reduction is aimed at freeing up billions of pounds of additional lending power to help banks support businesses. Subsequently the Chancellor also […]
For the fourth time in a row HMRC has included advice about trivial benefits in its Employer Bulletin, it says to clarify matters. In reality it’s back pedalling on its previous erroneous advice about when the trivial benefits exemption applies. What’s the full story?
A trivial storyIt started with a bacon roll in May 2019 and finished with a Christmas gift in February 2020. We’re of course talking about the tax and NI exemption for low value (trivial) benefits provided to employees. In a webinar in May 2019 HMRC suggested that if provided to staff on a regular basis […]
Changes to statutory sick pay rules to combat coronavirus
During today’s Prime Ministers Questions the Prime Minister has announced changes to statutory sick say to help combat an outbreak of coronavirus. Under emergency legislation, statutory sick pay will be available from the first day of illness (currently it is only available after 4 days of illness). The Prime Minister said ‘nobody should be penalised […]
We are proud sponsors of Huish & Langport Cricket Club for 2020
At R & J Business Solutions we like to support the local community. We are proud sponsors of Huish & Langport Cricket Club again for the 2020 season. Good luck for 2020. Details of fixtures can be found here.