Blog
All the latest changes to tax legislation- important tax dates and deadlines, Help-Sheets on managing your personal finances, business news & opinion, as well as updates on what’s happening at Rawcliffe’s.
VAT – Reduced Rate of 5%
The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies.
Residential Rates 07/20 to 03/21
Residential properties purchased between 8 July 2020 to 31 March 2021: only start to pay SDLT on the amount that you pay for the property above £500,000.
The Green Homes Grant
Grant introduced September which will provide at least £2 for every £1 homeowners and landlords spend to make their homes more energy efficient, up to £5,000 per household.
Summer Economic Update 2020
Chancellor Rishi Sunak presented the Summer Economic Update against a backdrop of economic uncertainty caused by coronavirus (COVID-19) lockdown.
“Flexible Furlough” started 1st July
From 1 July the new CJRS “Flexible furlough” grant scheme started, which allows employers to gradually bring their furloughed employees back to work part-time.
Second SEISS Grants paid in August
The eligibility criteria remain broadly the same as the first grant claim. Self-employed profits in 2018/19 must not exceed £50,000 and must be more than 50% of your total income.
HMRC May Allow Tax Refunds for Anticipated Losses
HMRC announced that they may allow limited companies to make claims for loss relief and tax refunds even though the current accounting period has not yet ended
UK- Relaxed Rules To Help Businesses during COVID-19
The Department for Business, Energy & Industrial Strategy have published a list of the rules that have been temporarily relaxed…
A Moratorium: Apply for breathing space
How to apply for breathing space to consider a rescue plan for your company, under measures to support companies and other types of business in financial difficulty.
Latest Indicators For The UK Economy And Society
According to the latest Business Impact of Coronavirus (COVID-19) Survey (BICS), 30% of the workforce were on furlough, and 42% of businesses were topping up workers’ pay.
PERSONAL AND ECONOMIC WELL-BEING IN GREAT BRITAIN: JUNE 2020
The Government has published studies about the effect of Coronavirus on the UK economy and our emotional well-being.
INFORMATION FOR FARMERS, LANDOWNERS AND RURAL BUSINESSES
Fund to support dairy farmers opens for applications | Amendments to BPS applications using the Rural Payments service .
NEW PLANS TO GET BRITAIN BUILDING IN CORONAVIRUS RECOVERY
Government is to extend planning permission deadlines, saving construction projects’ permissions from expiring.
HOW DIFFERENT CIRCUMSTANCES AFFECT THE SELF-EMPLOYMENT INCOME SUPPORT SCHEME
The Self-Employment Income Support Scheme currently allows you to claim a taxable grant worth 80% of your average monthly trading profits,
JOB RETENTION SCHEME - FLEXIBLE FURLOUGHING AND IMPORTANT DATES
From 1 July 2020, Businesses will have the flexibility to bring previously furloughed employees back to work part-time –
Shops allowed to reopen following Covid-19
Monday 15th June Shops in England selling non-essential goods will be able to reopen from today.
Sending Your Forms to Companies House During the Pandemic
Discretionary Grant Fund supports small and micro businesses that are not eligible for other grant schemes opened on the 8 June.
Rawcliffe & Co's New Office in Poulton
We're thrilled to announce that Rawcliffe & Co has opened a second office in Poulton!