Reduced VAT rate for hospitality sector raises questions

Reduced VAT rate for hospitality sector raises questions

In his Summer Economic Update, the Chancellor announced a temporary 5% rate of VAT for certain hospitality and tourism supplies. Following questions put to them by the Association of Taxation Technicians (ATT) about the measure, which applies between 15 July

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Time to Pay arrangements & Coronavirus

Time to Pay arrangements & Coronavirus

Throughout the pandemic, flexible Time to Pay Arrangements (TTPA’s) have been available to taxpayers struggling to meet their liabilities. The arrangements grant taxpayers additional time to pay the tax that they owe. Consequently, the ‘debt’ will not be pursued as

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‘Winter Economy Plan’ unveiled as Budget is scrapped

‘Winter Economy Plan’ unveiled as Budget is scrapped

Last month, the Chancellor unveiled his ‘Winter Economy Plan’ after scrapping plans to deliver an Autumn Budget this year. With ‘difficult winter months’ ahead, Rishi Sunak announced a handful of new business support measures. The hope, is that these will

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Chancellor extends SEISS and details ‘flexible furlough’

Chancellor extends SEISS and details ‘flexible furlough’

On 29 May, the Chancellor announced a more flexible furlough scheme and an extension of the Self-Employed Income Support Scheme (SEISS). Furlough scheme to become more ‘flexible’ from 1 July From 1 July, furloughed employees will be able to return

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Government scheme to support self-employed launches

Government scheme to support self-employed launches

Ahead of schedule, the Government’s Self-Employed Income Support Scheme (SEISS) opened for claims on the morning of 13 May. The scheme provides eligible individuals with a grant worth up to 80% of their average monthly trading profits across three years. Those applying

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Accessing Coronavirus Business Support

Accessing Coronavirus Business Support

The Government have made available a full range of Coronavirus business support measures to UK businesses, employers and employees. The measures will help those challenged by the outbreak to mitigate the negative impact that it will have. A Government information

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Self-Employed Income Support Scheme announced

Self-Employed Income Support Scheme announced

On the evening of Thursday 26 March, following days of lobbying, the Chancellor announced the Self-Employed Income Support Scheme. The scheme is intended to support the UK’s self-employed affected by the Coronavirus outbreak. Six days after the Coronavirus Job Retention

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