National Skills Fund – 06/04/2021
The Government is investing £2.5billion in the National Skills Fund, which will help adults gain the valuable skills they need to improve their job prospects. Any adult aged 24 and …
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National Minimum Wage Increase – 01/04/2021
As of 01 April 2021, the National Minimum Wage has increased. All employees – as a minimum – should be paid these rates: …
Coronavirus Restart Grants – 01/04/2021
The Coronavirus Restart Grants are available from 01 April 2021. The Coronavirus Restart Grant scheme supports businesses in the non-essential retail, hospitality, leisure, personal care, and accommodation sectors in reopening …
Incentives for Hiring Apprentices – 26/03/2021
Last August, Rishi Sunak introduced Apprenticeship Financial Incentives which offered firms £2,000 to take on apprentices aged 16-24, while those that employ apprentices aged 25+ are paid £1,500. In the …
Furlough Scheme Extended – 03/03/2021
The Furlough Scheme has been extended until the end of September 2021, Rishi Sunak announced in the 2021 Budget. Currently, the government covers up to 80% of an employee’s salary …
VAT Deferral New Payment Scheme – 22/02/2021
If you deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make you can: Pay the deferred VAT in full, on or before …
VAT Margin Scheme – 22/02/2021
The VAT Margin Scheme taxes the difference between what you paid for an item and what you sold it for – rather than the full selling price. You pay VAT …
Bounce Back Loan Repayment – 29/01/2021
The Bounce Back Loan Scheme (BBLS) allows you to borrow between £2,000 and £50,000, capped at 25% of your total turnover until 31 March 2021. No interest will be charged, …
New Coronavirus Lockdown Grant – 27/01/2021
Chancellor Rishi Sunak has announced another Lockdown Grant Boris Johnson announced a nationwide lockdown after a rise in Coronavirus cases. The are one-off top-up grants for retail, hospitality, and leisure …
