Month: August 2021

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More UK businesses join vaccine uptake drive

In a recent press release the government announced that more of the country’s leading businesses from a variety of industries have pledged their support for the UK’s world-leading COVID-19 vaccination programme by offering incentives to vaccinated customers. Asda, lastminute.com, National...

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Fewest number of people on furlough since the scheme began

Furlough numbers have recently fallen to a record-low since the beginning of the pandemic, government data has confirmed. When businesses started reopening earlier this year, furlough numbers plunged by three million and have gradually declined ever since. records show that...

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Companies closed after abusing COVID loan support

In what is likely to be the tip of a significant ice-berg, two companies who fraudulently applied for thousands of pounds in grants and loans have been wound up in the courts. According to a recent government press release the...

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Could you benefit from additional tax relief?

Couples may be eligible to reduce their Income Tax by up to £252 a year by sharing their Personal Allowances. HMRC has announced that nearly 1.8 million married couples and those in civil partnership are using Marriage Allowance to save...

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Help to Grow Scheme

It is still possible to register for one of two schemes under the Help to Grow banner.   Help to Grow Management Help to Grow: Management is an Executive Development programme accredited by the Small Business Charter, with 1:1 business...

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UK to reduce unnecessary red tape for British businesses

Ministers have revealed bold plans to reform and modernise the way regulations are made and implemented in the UK. Following Brexit, the UK has the freedom to make and implement regulations that place British businesses and consumers first – freeing...

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Making use of under-utilised resources

Many businesses will have seen a reduction in activity as a direct result of the COVID pandemic. Assets and resources previously fully employed now lie idle or are under-utilised. In this post today we have listed a few ideas that...

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New reforms to protect consumers hard-earned cash

The UK Government’s Business Secretary, Kwasi Kwarteng, has revealed an arsenal of planned reforms to boost competition and protect the public from rip-offs, fraud and exploitation as the pandemic restrictions lift. Plans set out in a new consultation will deliver...

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VAT – Second-hand cars – using the Margin Scheme

If you sell second-hand vehicles and you were not charged VAT when you purchased the vehicle, using the Margin Scheme will save you money. If you did not use the VAT Margin Scheme, you would have to account for VAT...

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Business entertaining and tax relief

Expenditure on business entertainment is not allowable as a deduction against profits. Nor may a deduction be made for any expenditure which is incidental to business entertainment. The meaning of ‘incidental’ is not defined by HMRC but should be interpreted...

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