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COVID-19 Updates
  • 11
  • May
2020 declared ‘Year of the Start-up’ due to record levels of UK business creation

Last year may have been one of the toughest years UK business has seen in living memory, but it also saw the setting of an all-time record that should serve as an encouraging sign for the future of British entrepreneurship.  According to figures from digital payments specialist Tyl by Natwest, a whopping 770,000 new businesses…

  • 23
  • Apr
Business growth in the UK at its highest for six months

In another indicator that the UK’s business recovery is picking up pace, it has been reported that output across numerous sectors reached a six-month high in March.  According to Bank of Scotland’s UK recovery tracker, 11 of the UK’s 14 business sectors showed an increase in their output, compared to just six the previous month. …

  • 16
  • Apr
Plymouth Businesses can now apply for Restart Grants

Plymouth Businesses can now apply for their Restart Grants through the Plymouth City Council website. The scheme is designed to help rate-paying non-essential businesses to reopen safely as restrictions ease. Businesses are eligible for the grant if they are rate-paying, trading on 1 April 2021, and in the non-essential sectors (retail, hospitality, accommodation, leisure, personal…

  • 23
  • Mar
Changes to Coronavirus Job Retention Scheme (CJRS)

The government have extended the CJRS scheme to 30th September 2021. Under CJRS rules for the period November 2020 to April 2021 employees that have been employed by the company on or before the 30th October 2020, and were included on a RTI submission to HMRC during the period 20th March 2020 and 30th October…

  • 5
  • Mar
Hospitality and retail firms to get £5bn for new Restart Grants

Chancellor Rishi Sunak has announced a £5bn Restart Grant scheme to help any small business badly impacted by Covid-19 – and support them as they get ready to reopen. The multi-billion pound package of support will replace the monthly Local Restrictions Support Grant (for open and closed businesses) due to end later this month, and…

  • 25
  • Feb
Review of UK business rates pushed back until the autumn

The British finance ministry has said that it will not publish the final report of its fundamental review of business rates until the autumn, when it expects a clearer economic outlook.  HM Treasury confirmed on 19th February that “due to the ongoing and wide-ranging impacts of the pandemic and economic uncertainty”, it would wait until…

  • 19
  • Feb
Notice periods and furlough: are you up-to-date on the guidance?

You might already be aware that last December saw some important updates to the furlough scheme rules. One important change concerned the payment of employees’ notice pay while on furlough, to prevent the scheme from being used for any employee that is retiring, being made redundant, or is working their notice. It was made clear…

  • 20
  • Jan
HMRC To Accept COVID-19 as a ‘Reasonable Excuse’ for Filing Self-Assessment Returns Late

The New Year means many things to many people, but one thing it should certainly mean for millions of people in the UK is the completion of a timely self-assessment tax return.  The coronavirus crisis, however, may have complicated your efforts to submit your 2019 to 2020 return by the 31st January deadline. It might…

  • 20
  • Jan
Time To Pay Arrangements – Spreading the Cost of Your January 2021 Tax Bill

As individuals and businesses continue to be impacted by the coronavirus pandemic, many will be concerned about their UK tax implications, especially if they are unable to pay them on time.  So, how are HMRC helping people with their January tax bill? With taxpayers facing tax debts this quarter (whether this is income tax or…

  • 19
  • Jan
Secure Your CBILS Loan Before the Approaching Deadline

Given the current climate, many have taken advantage of the various government-backed loan schemes available. Most commonly Bounce Back Loans (BBLS) will have been taken – lesser known are the Coronavirus Business Interruption Loan Scheme (CBILS) loans, which are for the larger business with turnover exceeding £200,000. Recently the CBILS deadline has moved to 31…

  • 6
  • Jan
£9,000 Top Up Grant for Retail, Hospitality and Leisure Businesses

Chancellor Rishi Sunak has announced a £4.6 billion programme of new lockdown grants to support businesses and protect jobs through the next phase of the pandemic. To summarise what we know currently, businesses in retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000 to help keep them afloat until…

additional restrictions grant
  • 30
  • Nov
Additional Restrictions Grant Update: Further Financial Support Available for Plymouth Businesses

Plymouth City Council has been allocated £5.2 million through the Government’s Additional Restrictions Grant (ARG) to support local businesses that have been most impacted by the current national coronavirus restrictions – in particular retail, leisure and hospitality businesses and their supply chain. The Council has also identified types of businesses that it will prioritise for…

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