Friday Tax Tips

Find out how to pay less tax with up to date Tax Tips and dozens of ways to reduce your tax bill.

Tax Tips  – News from HMRC – for Entrepreneurs & Individuals

 

 

(2 Minute Read) Receive more money from our friend Sunak… What is it? The Chancellor has annouced a new £4.6 billion support deal for the retail, hospitality and leisure sectors during the current lockdown. Due to the lockdown non-essential businesses

(3 Minute Read) Get funding for recruitment, IT, and training… What is it? A new Government grant to help businesses complete customs declarations. The grant will give you £3,000 towards recruitment costs for each new employee, though upfront costs won’t

(1 Minute Read) Plans for a new loan scheme for small businesses up to £10m… What is it? A new taxpayer-funded loan scheme is being drawn up by the Treasury. The new scheme will be aimed at increasing small business

(2 Minute Read) Furlough claims over the Christmas holidays… Can I use furlough for holiday leave? Furlough, or the Coronavirus Job Retention Scheme (CJRS), can only be used if an employer can’t keep their normal workforce because of Covid-19. You

This page is not intended to constitute tax advice. The information provided in these documents are based on our understanding of current tax law; however, we do not represent or warrant the accuracy of the information contained herein, and any information provided may be incomplete or condensed. Furthermore, the suggestions contained within this document are for discussion purposes only and should not be relied on. You should seek formal tax advice before proceeding with any of the suggestions contained in these documents.