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What you need to know about the ‘Energy Bills Discount Scheme’
The government have announced plans for a new “Energy Bills Discount Scheme” to help support UK businesses, charities, and the public sector from April 2023. Scheme will provide a discount on high energy costs to give businesses certainty while limiting taxpayers’ exposure to volatile energy...
The quick and easy way to make your self assessment payment
The deadline for customers to complete their self assessment tax return for the 2021 to 2022 tax year and pay any tax owed is 31 January 2023. Thousands of self-employed people are choosing to use the HMRC app to make payments. The HMRC App is a quick and easy way to manage any tax you owe, to...
Pay VAT deferred due to coronavirus (COVID-19)
HMRC have opened applications to join the new payment scheme from today. The new scheme allows businesses to spread the VAT deferred from 2020 in equal, interest free, installments over 2 - 11 months depending on when the business joins the scheme and how many months they choose. As an example,...
Summer Economic Update | Gross Klein Wood
With the Coronavirus Job Retention Scheme coming to an end in October, Chancellor Rishi Sunak has today announced several measures to support jobs in the country. Supporting Jobs UK Employers will receive a one-off bonus of £1,000 for each furloughed employee...
Furlough scheme portal opens for claims on 20 April
HMRC have announced that the online Coronavirus job Retention Scheme service will open on 20 April with the first claims to be paid 10 days later. Future claims will be paid within four to six days. Employers will access the system using their current...
Covid-19: Advice for Businesses | Gross Klein Wood
The government has released several measures to support businesses affected by coronavirus, these packages include: Coronavirus Retention Scheme This allows employers to claim 80% of employees wages, more information can be found here. Deferral of VAT payments If your business has a VAT payment...