SDLT cut creating behind the scenes disruption

SDLT cut creating behind the scenes disruption

During the pandemic, the Chancellor temporarily increased the nil rate band at which Stamp Duty Land Tax (SDLT) became payable. Otherwise referred to as the “Stamp Duty Holiday”, it was hoped this would boost the property and construction industry. Fearing

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Tax Day 2021; What can we expect?

Tax Day 2021; What can we expect?

Just weeks after the Chancellor’s Spring Budget, the Treasury will hold what is being dubbed ‘Tax Day’ on 23 March. A raft of consultations which relate to tax policy, but that do not impact upon Government finances, will be released

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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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30 days to declare erroneous Coronavirus support claims

30 days to declare erroneous Coronavirus support claims

Under draft legislation forming part of the Finance Bill 2020, employers will be given 30 days to ‘confess’ to erroneous Coronavirus support claims. This includes abuse of the furlough scheme. HMRC to pursue those exploiting Coronavirus support HM Revenue &

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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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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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