The new tax year starts 6 April 2021, and without dwelling too much on the historical trickery that has landed us with this odd commencement date, what are the challenges we will need to grapple with in the coming year? Keeping clear of COVID Pretty obvious really, no-one would willingly risk a dose of COVID-19…
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New National Minimum Wage rates apply from 1 April 2021
Employers who have employees paid at the National Living Wage (NLW) or National Minimum Wage (NMW) rates should be applying new rates of pay from 1 April 2021. In full, the increases from April 1, 2021 are: NLW (23 ) has increased 2.2%, from £8.72 to £8.91 NMW (21-22) has increased 2%, from £8.20 to…
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Small Business Brexit Support Fund
Since 15 March 2021, smaller businesses can apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. The £20 million SME Brexit Support Fund enables traders to access practical support, including training for new customs, rules of origin and VAT processes. Small and…
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Furlough scheme changes from 1 July 2021
The government has confirmed its intention that furloughed employees will be paid 80% of their wages for hours not worked under the furlough scheme. Up to 30 June 2021, this payment will be fully-funded by government and capped at £2,500 per month. From 1 July 2021, employers are required to contribute 10% of the 80%…
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