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.
SSP Paid To Employees Due To Coronavirus
The scheme has been updated so employers can ask for a ‘shielding note’ because they are at high risk of severe illness from coronavirus.
Defying The Odds: Our Startup’s Journey 1 Year On
According to the Office for National Statistics, around 80% of businesses in the UK fail within the first year.
Local Lockdown Restrictions Support Grant
The Local Restrictions Support Grant (LRSG) supports businesses that were open but were then required to close for at least 3 weeks.
Job Support Scheme Starts 1 November
The Job Support Scheme (JSS), which was scheduled to come in on 1st November, has been postponed until the furlough scheme ends.
Support For Self-employed Has Been Extended
Government announced more support available for the self-employed in the form of 2 grants, each available for 3-month periods.
Where Do You Find Your Calm? World Mental Health Day
Members of our team have been sharing the activities and hobbies that help with supporting their mental health and well-being.
New Self-Assessment Rules: Spread The Cost
Self-Assessment customers can now apply online to HMRC to spread the cost of their tax bill into monthly payments.
Suggested Company Car Advisory Fuel Rates
Suggested reimbursement rates for employees' private mileage using their company car from 01/09/20
Considering an Electric Company Car?
Legislation for this change is included in Finance Act 2020 which also states that the benefit will be 1% of list price in 2021/22 and then 2% in 2022/23.
Get Ready for Leaving the EU on 1st January 2021
The United Kingdom leaves the European Union at 11pm on 31 December 2020 when the transitional period ends.
Job Support Scheme Starts 1st November
The Chancellor has announced a new 6 month Job Support Scheme to help businesses and employees survive the winter months.
Claim the job retention bonus from February 2021
A £1,000 one-off taxable payment to you for each eligible employee you furloughed and kept continuously employed until 31 Jan 2021.
Flexibility on Paying Back Bounce Back Loans
Over a million businesses who took out Bounce Back Loans will get more time through a new Pay as You Grow flexible repayment system.
Deferral of VAT Payments Due to Coronavirus
Half a million businesses who deferred their VAT bills will be given more breathing space through the New Payment Scheme.
Statutory Sick Pay for Employees due to Coronavirus
From 26 August 2020 you can claim for employees who have been notified by the NHS to self-isolate before surgery.
Changes to CJRS | Paying CJRS Grants Back
Updated guidance on how to perform usual hours calculations where employees come off furlough partway through a claim period.
Businesses to Prepare for Test and Trace
This guidance applies to any establishment that provides an on-site service and to any events that take place on its premises.
Kickstart scheme launches in November!
The £2 billion Kickstart Scheme is designed to create thousands of new, fully subsidised jobs for young people across the country.