UHY Ross Brooke Chartered Accountants
Grabbing few headlines, but UK companies, particularly start-ups in the early phases of their existence are taking a hammering in these unchartered times. A recent survey published by the UK EIS Association (“EISA”) has identified that of 250 small-medium companies currently undertaking fundraising there is a 75% contraction in investment
The online portal through which businesses can register their furloughed workers and apply to receive a grant to cover 80% of furloughed workers wages from the government, will be available from 20th April. Furthermore, the government has extended the eligibility to 19 March 2020 – the day before the scheme
If you have received an email from HMRC within the last few days looking something like the above document then we can confirm this is genuine email from HMRC and not a scam. As the document says HMRC will be contacting firms with regard to the Job Retention Scheme within
INTRODUCTION CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. CBILS supports a wide range of business finance products, including
We are grateful to Simon Fenton of Constantine Law for this summary of the current position. Simon is an employment law solicitor and for any advice on this matter can be contacted simon.fenton@constantinelaw.co.uk or 07867 528 505 The scheme will be open to all UK employers to get financial support
Covid-19 Government Support Package The Chancellor has announced a package of temporary measures to support businesses and individuals through the period of disruption caused by COVID-19. Below we have provided a summary of these measures as they currently stand, these are continuing to evolve and we will share further updates
The Government recognise that businesses may need to make staff cut backs either through short term lay-offs or through redundancies. Either way this will have a big impact on employees’ livelihoods and if they lose key staff, the businesses ability to prosper after the current economic crisis has past. In
In response to the economic impact of coronavirus on business, on 20 March the Chancellor announced that there would be a VAT holiday and no business will be required to make VAT payments for the next VAT quarter. Consequently no businesses will be required to pay any VAT until the
As Tax Manager in our Abingdon office Tom deals with a wide range of residency related issues and shares his thoughts on residency and related coronavirus events here. The basic premise of taxation in the UK is that if you are a UK resident, you are taxed on your worldwide
With thanks to Steve Mayo from Nat West Bank for bringing this to our attention Fraud Awareness: – Criminals use every opportunity and misfortune of others for gain, so please be vigilant. With remote working increasingly common, remember that anywhere staff might work becomes an extension of your workplace and