How to claim preferential rates of duty on goods covered in the UK’s deal with the EU and how to declare goods imported into the UK on your import declaration. From 1 January, if your goods originate in the EU or UK, you may be able to claim a preferential rate of duty when imported into the… Continue reading Claiming preferential rates of duty between the UK and EU
Month: March 2021
SME Brexit Support Fund Open for Applications
The SME Brexit Support Fund could give you up to £2,000 to help with training or professional advice, if your business has up to 500 employees and no more than £100 million annual turnover. Traders can apply for up to £2,000 in total through two types of grants: Grant for Training: The grants can be used… Continue reading SME Brexit Support Fund Open for Applications
Registration Deadline 31st March 2021 for Employers to Order Free Employee Coronavirus Tests
Register to order free rapid lateral flow coronavirus tests for your employees You can order free rapid lateral flow tests to test your employees twice a week in the workplace. You must register on or before 31 March 2021. Do not use this service if you or your employees have symptoms. Anyone with symptoms should order… Continue reading Registration Deadline 31st March 2021 for Employers to Order Free Employee Coronavirus Tests
Coronavirus Loan Schemes Application Deadline 31st March 2021
Covid-19 schemes introduced to help businesses access loans and finance during the Coronavirus crisis, are due to close for new applications on 31st March 2021 Coronavirus Bounce Back Loan helps small and medium sized businesses to borrow between £2,000 up to £50,000 or 25% of their turnover. https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan Coronavirus Business Interruption Loan Scheme helps small and… Continue reading Coronavirus Loan Schemes Application Deadline 31st March 2021
National Minimum Wage and National Living Wage Rates
The hourly rate for the minimum wage depends on your age and whether you’re an apprentice. You must be at least: school leaving age to get the National Minimum Wage aged 25 to get the National Living Wage – the minimum wage will still apply for workers aged 24 and under From 1 April 2021 the… Continue reading National Minimum Wage and National Living Wage Rates
Super Deduction Capital Allowance
A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets. From 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will be able to claim: a 130% super-deduction capital allowance on qualifying plant and machinery investments… Continue reading Super Deduction Capital Allowance
Companies House Launch Webinar Series – Director’s Responsibilities
Companies House have launched their new bite-sized webinar series aimed at helping company director’s better understand their responsibilities Sign up now for the first webinar on 17th March to learn more about director responsibilities, how to register for an online filing account and the digital tools and services that are available to help you. Click… Continue reading Companies House Launch Webinar Series – Director’s Responsibilities
Self-Employment Income Support Scheme (SEISS) Grants 4 and 5 Confirmed
The UK Government has announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant. The fourth and fifth grants will take into account submitted 2019-20 tax returns. This means you may be able to claim, even if you were not eligible for previous grants. You must have… Continue reading Self-Employment Income Support Scheme (SEISS) Grants 4 and 5 Confirmed
Spring Budget 2021: Taxation
Chancellor Rushi Sunak announced his Budget in the House of Commons on 3rd March 2021. These are the announcements for his plans relating to taxation: Maintaining the income tax Personal Allowance and higher rate threshold from April 2022 until April 2026 which means that the personal allowance will be frozen at £12,570 and the high rate… Continue reading Spring Budget 2021: Taxation
Covid-19 Support Measures Announced in Budget 2021
Chancellor Rushi Sunak announced his Budget in the House of Commons on 3rd March 2021. Setting out his plans to support the economy throughout the pandemic and into recovery. These are the announcements for his plans to support business & self employed: An extension of the Coronavirus Job Support Scheme (CJRS) to September 2021 across… Continue reading Covid-19 Support Measures Announced in Budget 2021