15Eleven Accounting & Tax Services

26/04/2021

Over 3,000 UK businesses have voluntarily have repaid over £760m in furlough grants to HMRC that they did not need, says UHY Hacker Young

22/04/2021

how new CJRS calculations will work

22/04/2021

July – The Government will cover 70% of unworked employee hours, with employers contributing 10%.
August and September – The Government will cover 60% of unworked employee hours, with employers contributing 20%.

19/02/2021

Today HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement by 1‌‌ April.

The payment deadline for Self Assessment is 31 January and interest will be charged from 1 February on any amounts outstanding. The deadline has not changed, but this year, because of the impact of COVID 19, HMRC is giving taxpayers more time to pay or set up a payment plan.

05/01/2021

Covid-19: Government announces further business support grant

The Scottish Government will receive £375 million
the Welsh Government will receive £227 million
the Northern Ireland Executive will receive £127 million
this will contribute to the funding which has already been guaranteed by the UK Government, to continue to provide the devolved administrations the certainty they need to plan for their COVID-19 response in the months ahead

05/01/2021

Covid-19: Government announces further business support grant

£9,000 for businesses with a rateable value of over £51,000
any business which is legally required to close, and which cannot operate effectively remotely, is eligible for a grant
business support is a devolved policy and therefore the responsibility of the devolved administrations, which will receive additional funding as a result of these announcements in the usual manner:

05/01/2021

Covid-19: Government announces further business support grant

Further information
the one-off top-ups will be granted to closed businesses as follows:
£4,000 for businesses with a rateable value of £15,000 or under
£6,000 for businesses with a rateable value between £15,000 and £51,000

05/01/2021

£4.6 billion in new lockdown grants to support businesses and protect jobs

Chancellor announces one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the Spring
£594 million discretionary fund also made available to support other impacted businesses
comes in addition to £1.1 billion further discretionary grant funding for Local Authorities, Local Restriction Support Grants worth up to £3,000 a month and extension of furlough scheme

05/01/2021

05/01/2021

Covid-19: Government announces further business support grant

Released 05 January 2021

The Chancellor of the Exchequer has announced that businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000.

The grant will be provided on a per-property basis to support businesses through the latest restrictions, and is expected to benefit over 600,000 business properties.

Further details can be found in the Treasury press release.

20/12/2020

Kickstart Scheme

The Kickstart Scheme provides funding to help employers in England, Wales and Scotland create new job placements for 16-24-year-olds on Universal Credit who are at risk of long-term unemployment. The scheme is available to employers of all sizes but employers who can provide 29 or fewer placements must apply for funding via a Kickstart gateway, such as a local authority, charity or trade body.

For more information, go to www.gov.uk/guidance/apply-for-a-kickstart-scheme-grant-29-or-less-job-placements.

If you are an employer looking to create 29 or less jobs placements for young people, apply for funding as part of the Kickstart Scheme.

20/12/2020

https://www.gov.uk/transition

The Brexit transition period ends this year. Check the new rules from January 2021 and act now.