Coronavirus

Recap of 2021 Tax announcements

The government made significant tax announcements as it aimed to reinvigorate the economy in the wake of the COVID-19 pandemic handing out record levels of financial support.  Covid-19 The government’s program of support for businesses included the bounce back loan, recovery scheme loan, Job Retention Scheme, Kickstart Scheme and Self Employment Income Scheme Grants.  Tax …

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COVID-19 support package for businesses affected by Omicron

Chancellor Rishi Sunak has announced a new £1billion grant support package for those businesses most impacted by the Omicron COVID-19 variant. New grants will be available to businesses in the hospitality, accommodation and leisure sectors in England, such as pubs and restaurants, as well as additional support for all smaller businesses whose employees are absent …

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COVID-19: What government support is available to Company directors & shareholders?

Company Directors & Shareholders. Many small companies are run by just one or two directors and have no other employees. What government financial support is available to directors/shareholders during the coronavirus crisis? A director or company officer is an employee for PAYE purposes. A director cannot claim the COVID-19 Grant for the self-employed by virtue …

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COVID-19 & Your Virtual Staff Party: The breakdown

Tax and staff parties A staff party or an annual function qualify as a tax-free benefit for your employees providing that you meet the following conditions: It must be a recurring annual event, not a one-off. The total cost must not exceed £150 per head, per year. £150 includes VAT together with any extra costs such as transport and accommodation. The £150 is …

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