The Minister for the Economy has launched the Newly Self-Employed Support Scheme, designed to provide support to newly self-employed individuals (sole traders and those in partnerships) who have been adversely impacted by COVID-19. Full details, together with a link to apply for the scheme can be found here https://www.nibusinessinfo.co.uk/content/newly-self-employed-support-scheme
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Summary of spending review 2021-22
A summary of the business elements of the recent Spending Review for next year are set out below: Continuing the UK’s recovery from coronavirus The Spending Review has set out the government’s intention to maintain support to protect jobs, businesses and livelihoods, while stimulating the UK’s economic recovery. In the Spending Review the government has…
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More on extended furlough scheme
Most employers who are eligible will be aware that the furlough scheme (the Coronavirus Job Retention Scheme) has been extended for five months – from 1 November 2020 to 31 March 2021. The general terms for the first quarter to 31 January 2021 are: Maximum claim per employee is 80% of hours not worked. Furlough…
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Self-Assessment filing deadline draws near
If you have still not submitted all of the information we need to complete your 2019-20 tax return, could we ask you to respond as soon as you can as the deadline is fast approaching – 31 January 2021. HMRC has made no announcement that this deadline will be extended. Accordingly, the initial £100 late…
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