Mar 27, 2020 | Government Announcements
Self-employed workers who are affected by COVID-19 can apply for a grant to cover 80% of their average monthly profits over the last three years. Chancellor Rishi Sunak confirmed the taxable grants are worth up to a maximum of £2,500 a month and will be paid in a...
Mar 19, 2020 | Government Announcements
The Government has delayed extending the controversial off-payroll working rules to the private sector, as the UK fights to contain the coronavirus pandemic. Hot on the heels of announcing a £350 billion support package for struggling businesses, the Treasury pulled...
Mar 18, 2020 | Government Announcements
The Government has pledged £330 billion-worth of state-backed loans to support businesses feeling the effects of the coronavirus epidemic. To put that unprecedented figure into context, it represents around 15% of the value of the entire UK economy. The financial...
Mar 12, 2020 | Government Announcements
UK gross domestic product (GDP) was flat in the three months to January 2020, according to data published by the Office for National Statistics (ONS) on Budget day. This represents the third successive three-month period with GDP growth at 0.0 per cent. Although there...
Mar 11, 2020 | Government AnnouncementsPersonal Tax
Tapered annual allowance threshold raised In 2020/21, the two thresholds at which the tapered annual allowance applies will both increase by £90,000. This applies to individuals with a threshold income of more than £200,000 and an adjusted income above £240,000. For...
