Category archives: News and insights

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…

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. …

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…

This month has seen long-anticipated new off-payroll working rules take effect, after a year of coronavirus-related delays. The reform, which kicked in from 6th April, is aimed at helping HM Revenue & Customs to assess whether a contractor is genuine or essentially being used as a “disguised employee” for tax purposes.  The Government has argued…

HMRC has made changes to holiday entitlement for casual staff on zero-hour contracts and holiday pay for zero-hour staff and staff that receive regular overtime/commission/bonus payments. UK Law states all workers must receive 5.6 weeks/28 days of leave, which includes bank holidays. Zero-hour staff For staff on zero-hour contracts, holiday can no longer be calculated…

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…

It’s that time again; not only is it a whole New Year, but it’s also time for the many millions of Britons required to complete a self-assessment tax return to do so by midnight on 31st January.  Of course, we realise here at TS Partners that some of you will have done the deed already.…

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…

HMRC is warning self assessment taxpayers completing their returns to take care to avoid being caught out by scammers. As the department issues thousands of SMS messages and emails as part of its annual Self Assessment tax return push, customers have been told to be alert of the danger of scammers posing as the tax…

Below is an overview of the latest updates on Coronavirus advice and guidance for local businesses. If you’d like your specific questions answered, please get in touch with our team. More than a thousand Plymouth businesses apply for lockdown support in less than a week. Plymouth City Council opened the application process for the Local…