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The chancellor has set out temporary measures to support services through this period of disruption. The following measures are introduced to support businesses: Coronavirus Job Retention Scheme All UK businesses will be eligible. Under this scheme you will be able to “furlough” workers who are unable to perform their jobs because of Coronavirus. HMRC will…
How does the outbreak of Coronavirus affect your business? The Government has offered support to small to medium sized businesses with costs relating to Statutory Sick Pay (SSP) by refunding eligible SSP as a result of the COVID-19 if certain criteria are met: Must have less than 250 employees as of 28 February 2020 Can…
Below are some of the key points that may be useful to you Entrepreneurs relief under Capital Gains Tax restricted Until this budget, if you sold your business you were entitled to pay a lower rate of Capital Gains Tax of 10% (compared to 20% once you hit the higher rate tax band) on the…