Stockport based Hallidays’ latest financial news and business tips includes changes to the Chancellor’s Coronavirus Job Retention Scheme and other support and funding available to businesses during the Covid-19 pandemic.
Chancellor announces changes to Job Retention Scheme
Chancellor Rishi Sunak has announced changes to the government”s Coronavirus Job Retention Scheme (JRS).
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COVID-19: delay to VAT reverse charge on construction services
On 5 June 2020, HMRC announced a five-month delay to the introduction of the domestic VAT reverse charge for construction services.
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Loan size increased to £200 million under large business interruption scheme
Several changes to the CLBILS scheme have taken effect from 26 May.
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Future Fund launches to give start-ups coronavirus support
On 20 May 2020, the government launched its Future Fund package, which aims to support start-up businesses not eligible for other COVID-19 rescue measures.
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Coronavirus Statutory Sick Pay Rebate Scheme goes live
On 26 May 2020, HMRC opened up its Statutory Sick Pay (SSP) rebate claim service.
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Changes to insolvency and company law going through Parliament
The government is making changes to insolvency and company law as a result of the COVID-19 pandemic.
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UK sets out post-Brexit tariff regime
The UK government published its plans for a new import tariff regime following the end of the Brexit transition period.
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MPs open inquiry into £155 billion of tax reliefs
The Public Accounts Committee (PAC) has opened an inquiry into the UK’s management of tax relief.
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