This week we've rounded up the latest news and insights, including HMRC’s new penalty regime, repaying overclaimed SEISS grants, renewal packs for tac credit recipients, tax updates and film and TV production restart scheme.
The UK Government announced Pay As You Grow (PAYG) options for Bounce Back Loan borrowers in September last year, giving the borrower flexibility and more time to pay back their Bounce Back Loan should they need it.
To enable UK businesses who have been affected by the Covid-19 pandemic to access Government backed loans from accredited lenders. It opens on 6th April 2021 and will run until 31st December 2021. It can be used for any legitimate business purposes for example cash flow, investment or growth.
Many changes take effect in April, which mean that some planning may be needed especially when finances are stretched by the Covid pandemic. In this article we cover some of the changes that take place during the month of April 2021.
The Chancellor, Rishi Sunak, has delivered another UK Budget, in the midst of a significant economic downturn due to the pandemic, but with hope on the horizon as the roll out of the COVID-19 vaccination program gathers pace.
In 2021/22, the personal allowance will rise to £12,570 and the higher-rate threshold to £50,270 - but after that, both thresholds will remain frozen until 2025/26, Stamp duty holiday extended & Mortgage scheme to guarantee 5% deposits, Covid-19 Support, VAT, Corporation Tax
We've rounded up recent headlines and business insights, including the new SME Brexit support fund, updates to the Bounce Back Loan Scheme, getting ready for new Off-Payroll Working Rules, plus a round-up of UK-wide funding.
The Institute of Directors has put forward suggestions for Sunak ahead of the March 3 Budget. These include providing income support to owner-directors, which it argues were left out in previous support packages.