5% VAT Rate on Tourism and Hospitality Ends on 30th September

5% VAT Rate on Tourism and Hospitality Ends on 30th September

The temporary 5% VAT rate that has applied to supplies made in the tourism and hospitality sector since the start of the pandemic comes to an end at the end of September. The rate then increases to 12.5% from 1 October until 31 March 2022 when it reverts to the...
The Last CJRS “Furlough” Grants

The Last CJRS “Furlough” Grants

(Image credit: Micro Biz Mag) The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of...
Fifth SEISS Grant To Be Paid In July

Fifth SEISS Grant To Be Paid In July

The fifth and final Self-Employed Income Support (SEISS) grant will be available for the self-employed to claim towards the end of this month. The eligibility criteria remain broadly the same as the fourth SEISS grant. Self-employed profits in 2019/20 must not exceed...
Latest Coronavirus News

Latest Coronavirus News

Furlough Grant Reduces To 70% For July For the month of‌‌ July the CJRS Furlough grant support from the government via HMRC reduces to 70% of the employee’s usual pay for hours not worked. This is despite the fact that “Freedom Day” in England has been delayed four...
The Last CJRS “Furlough” Grants

Details of Latest CJRS “Furlough” Grants

(Image credit: Micro Biz Mag) The fourth version of the CJRS “furlough” grant scheme started on 1st May 2021 and will run until 30th September with employees affected continuing to be supported such that they are entitled to be paid at least 80% of their “usual pay”...
Make a Claim If You Are Working From Home

Make a Claim If You Are Working From Home

With more of us working from home, we have some good news to share! HMRC has said that employees can now make a claim for tax relief to cover some of their costs while they are working from home. The previous rule for employees was that there had to be a home working...

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